Company: ACTG
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000934549-25-000042
Chunk: 201

Company: ACACIA RESEARCH CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 201
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 of revenues remained relatively flat for the periods presented.  Refer to Note 2 to the consolidated financial statements elsewhere herein for additional information regarding Printronix’s cost of sales.

55

Energy Operations

Revenues

The following table provides the components of Benchmark’s revenues for the periods indicated, as well as each period’s respective average realized prices and production volumes. This table shows production on a barrel of oil equivalent basis in which natural gas is converted to oil at the ratio of 6 thousand cubic feet (“Mcf”) of natural gas to one barrel of oil. This ratio may not be reflective of the current price ratio between two products.

Three Months Ended June 30,Six Months EndedJune 30,20252024$ Change% Change20252024$ Change% Change(In thousands, except per unit data and percentage change values)Production:Oil (Bbl)111,757 105,748 6,009 6 %226,145 114,616 111,529 97 %Natural gas (Mcf)1,461,744 1,325,646 136,098 10 %2,928,093 1,617,836 1,310,257 81 %Natural gas liquids (Bbl)171,471 167,113 4,358 3 %339,267 185,573 153,694 83 %Total (boe)526,852 493,802 33,050 7 %1,053,428 569,828 483,600 85 %Average daily production:Oil (Bbl/day)1,228 1,162 66 6 %1,249 630 619 98 %Natural gas (Mcf/day)16,063 14,568 1,495 10 %16,177 8,889 7,288 82 %Natural gas liquids (Bbl/day)1,884 1,836 48 3 %1,874 1,020 854 84 %Total (boe/day)5,790 5,426 364 7 %5,820 3,133 2,687 86 %Revenues:Oil sales$6,918 $8,082 $(1,164)(14)%$14,866 $8,743 $6,123 70 %Natural gas sales4,034