Acacia research acquires majority stake in benchmark energy

New york--(business wire)--acacia research corporation (nasdaq: actg) (“acacia” or the “company”) today announced that it has acquired a majority interest in benchmark energy ii, llc (collectively with its affiliates, “benchmark”). headquartered in austin, tx, benchmark is an independent oil and gas company engaged in the acquisition, production and development of oil and gas assets in mature resource plays in texas and oklahoma. benchmark is run by an experienced management team led by chief e.
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