Company: ACTG
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000934549-25-000004
Chunk: 129

Company: ACACIA RESEARCH CORP
Filing Date: 2025-03-17
Form: 10-K
Item: Item 2
Chunk 129
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’s proved developed reserves accounted for 100% of its total proved reserves for such periods. The estimated reserves shown are for proved reserves only and do not include any unproved reserves classified as probable or possible reserves that might exist 

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for Benchmark’s properties, nor do they include any consideration that could be attributable to interests in unproved and unevaluated acreage beyond those tracts for which proved reserves have been estimated.

Estimated Reserves at SEC Pricing(1)December 31,20242023Estimated Proved Reserves:Crude Oil (MBbls)5,315 361 NGLs (MBbls)68,110 18,444 Natural gas (MMcf)8,613 1,156 Total (MBoe)25,279 4,591 Percent Proved Developed(2)100 %100 %Estimated Proved Developed Reserves:Crude Oil (MBbls)Producing5,134 251 Non-Producing181 110 Total5,315 361 Natural gas (MMcf)Producing66,173 14,119 Non-Producing1,937 4,325 Total68,110 18,444 NGLs (MBbls)Producing8,373 924 Non-Producing240 232 Total8,613 1,156 Total Proved Developed Reserves (MBoe)(2)25,279 4,591 Estimated Proved Undeveloped Reserves:Total Proved Undeveloped Reserves (MBoe)(2)— — 

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(1)Prices for natural gas, oil and NGLs, respectively, used in preparing Benchmark’s estimated proved reserves based on SEC rules and regulations regarding oil and natural gas reserve reporting (i) at December 31, 2024 were $72.01 per Bbl for crude oil, $0.86 per Mcf for natural gas and $25.16 per Bbl for NGLs, and (ii) at December 31, 2023 were $75.73 per Bbl for crude oil, $1.65 per Mcf for natural gas and $28.16 per Bbl for NGLs.

(2)In connection with our investment in Benchmark in November 2023 and Benchmark’s subsequent acquisition of the Revolutions assets in 2024, we commenced an evaluation of the development potential