Benchmark Energy is engaged in the acquisition and development of producing oil and gas fields, targeting the prolific, stacked formations of the Anadarko Basin.
The Company focuses on acquisition opportunities that are non-core to the current operator, have predicable decline profiles, provide upside drilling potential and offer the opportunity for Benchmark to apply small company lease operating costs to enhance returns.
The Company conservatively manages its business using a moderate level of acquisition debt to support the returns on drawn equity. All debt will be adequately and systematically hedged to protect the assets from downward pricing cycles. Debt will be repaid as quickly as project cash flow will allow.