Benchmark Energy II has closed a senior secured financing providing for up to $47.5 million with Cibolo Energy Partners. The proceeds are dedicated to an operated, multi-well development program across Benchmark’s liquids-rich, oil-weighted position in the Western Anadarko Basin.
Headquartered in Austin, Texas, Benchmark is a private oil and gas company focused on acquiring, producing and developing assets in the Anadarko Basin. The company is majority owned by Acacia Research Corporation and operates as a joint venture with McArron Partners and members of management.
Benchmark Energy II is led by co-founder and CEO Kirk Goehring. The latest financing extends the company’s relationship with Cibolo Energy Partners, following a 2024 transaction that included a note purchase agreement with Cibolo. TenOaks Energy Advisors served as Benchmark’s exclusive financial advisor for the new financing.
