Company: ACTG
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000934549-25-000004
Chunk: 65

Company: ACACIA RESEARCH CORP
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7
Chunk 65
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2 to the consolidated financial statements elsewhere herein for additional information regarding Printronix’s cost of sales.

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 Mcf of natural gas to one barrel of oil. This ratio may not be reflective of the current price ratio between two products.

Year Ended December 31, 2024November 13, 2023 to December 31, 2023$ Change% Change(In thousands, except per unit data and percentage change values)Production:Oil (Bbl)364,464 3,389 361,075 10,654 %Natural gas (Mcf)4,678,014 144,949 4,533,065 3,127 %Natural gas liquids (Bbl)535,571 9,949 525,622 5,283 %Total (boe)1,679,704 158,287 1,521,417 961 %Average daily production:Oil (Bbl/d)999 71 928 1,307 %Natural gas (Mcf/d)12,816 3,020 9,796 324 %Natural gas liquids (Bbl/d)1,467 207 1,260 609 %Total (boe/d)4,601 3,298 1,303 40 %Revenues:Oil sales$26,468 $256 $26,212 10,239 %Natural gas sales9,194 372 8,822 2,372 %Natural gas liquids sales13,014 220 12,794 5,815 %Other service sales507 — 507 n/aTotal$49,183 $848 $48,335 5,700 %Average Price:Oil (per Bbl)$72.62 $75.54 $(2.92)(4)%Natural gas (per Mcf)$1.97 $2.57 $(0.60)(23)%Natural gas liquids (per Bbl)$24.30 $22.11 $2.19 10 %

Refer to Note 2 to the consolidated financial statements elsewhere herein for additional information regarding Benchmark’s