Acacia-backed Benchmark Energy completed the acquisition of certain upstream assets and related facilities in Texas and Oklahoma from Revolution Resources for $145m.

Acacia-backed Benchmark Energy, an independent oil and gas company, completed the acquisition of certain upstream assets and related facilities in Texas and Oklahoma from Revolution Resources, an Oklahoma based, privately funded E&P company, for $145m. “The acquisition of these assets represents a transformative moment in Benchmark Energy’s history and an important next step in our partnership with Acacia and McArron. This unique asset is expected to deliver attractive, mature production with multiple drivers to enhance value. After closing this acquisition, Benchmark will have a large, contiguous acreage position in the heart of the Mid-Continent, and incremental scale to continue driving meaningful operational enhancements to create attractive returns for our stakeholders for many years to come,” Kirk Goehring, Benchmark Energy CEO