capital execute since our strategy. IP Thanks In Rob. the continued short into new and cash capital business. We've business monetization oil gas and our last very deployed call, Printronix, we've time to have realized gains much, our and on allocation our from from flows
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share partners can our where opportunistic book operating has drive value and Our and identifying team been execution situations busy attractive growth. earnings per research
IP potential first licensing and of generated of These with sources additional other monetization advancing million the agreements our growth in bolster patent license agreements the licensees. in to in to quarter. and specifics, position pursue teams capital, relates and discussions it settlements business further our As agreements $XX.X terms our settlements
portfolio in continues and patent opportunity X value periodic WiFi cash a believe patents. lucrative these for to The incremental represent we significant rents, there's
Additionally, to we evaluate there opportunities. additional we investment capital when risk-reward are new this attractive business continue believe potential to into acquire
and approximately in cost Printronix $X.X in consuming rationalization. the bearing transitioned $X.X are the from XXXX, further now cash We've ended million period period initiatives LTM in Printronix cash We're of and of and streamlined with proposition high-margin Acacia. model, flow combined its represent and believe the our business' cash strategy value for printers hardware source with go-to-market nice business implemented We March generating defined XX, an will March we At business, be it on would and Also, of replacing strategic including the motion of XXXX, and price in Beginning to restructuring the required. Acacia be relative operating business there we of time in adviser formulate operating and represented to execute the work you bringing management recall, the cash team business acquired flow early the the XXXX. began by detailed efficiency level acquired restructuring an October consumables both structure business. approximately million ending recognize this pleased into consumables XXXX. during believed a in generated as dual Printronix and attractive significant initiatives, Printronix XX, some the and team LTM operational improvement fruit. These to for putting operating progress its and able continuous to
Texas Turning and significant business gas oil quarter, first Benchmark, to in its Oklahoma. attractive unit group of and the assets our capital second in allocation purchasing closed an Early our acquisition, initiatives.
now the our of closing plan. the Benchmark at team new behind its experienced operational improvement With us, has implementing acquisition begun
our are meaningful a of strategy. improvements As we've stated previously, operational part
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reminder, significantly approximately play operated Western producing acres approximately the net Anadarko Oklahoma, the XXX,XXX arrangements Cherokee wells exposure XXX acquisition in best-in-class both Panhandle the to to emerging including and As portfolio this Basin meaningful via operated adding development Benchmark operators. and throughout acreage expands Texas with a the Western nonoperated
X,XXX from quarter for before, terms flow that because profile. per expect As specific like oil our a And we generation. close low the I and mentioned significant decline would platform exhibiting financial base see we their liquids-rich being of benefits equivalent Kirsten we with next discuss in the assets before production first the predominantly revenue day, Benchmark you these nature, in begin of transaction. to to of highlight a earnings, cash oil-based results the of we approximately the will should barrels free
We expect asset-level Benchmark $XX at approximately consolidated entity XX flow generate the the million to over in current cash months pricing. strip next
XX.X% Benchmark Energy transaction. Acacia for reminder, of owns a As pro forma the
signed bring counterparties February. only not help that Benchmark's over additional Consistent closing, been we've additional operated Benchmark for X gas a us achieve the on us to production diversify at a XX% our risk. With portion of management returns upon but oil levels, its the we've deal allow years best attractive for of price hedging with risk underwrote when we also the and implemented scale, in hedges next protecting able approach pricing, to significant
acquisition We pipeline private desired our to and in approximately we to Taking and a this continue portfolio. our encouraging that to public into opportunities characteristics. Acacia within is the operating acquisition health million strong industrials, Acacia where an and to represents technology also seeing $XXX and complement new strategy, evaluate acquisitions. fit capital into add the M&A oil deploy the initiatives both business believe in environment to care, attractive has account, well our gas businesses of Overall, we're for
the year. have opening evaluate While allow capital leverage banks we This returns our we to lending last the Acacia cost and is make. total us in as less to counterparts, being to reliant in we traditional environment of acquisition on after opportunistic leverage the appears on sidelines will utilizing in for be reemerge each financial up, seen buyer starting for be
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per quarter, $X.XX XXXX. As a this December was activities result at to of XX, XX, share these XXXX, share at share per book March our $X.XX per compared value
of XXXX, in $X.XX would adjusted a value share. book been an Matter, March AIP million the in which discussed share related on have XX-Q, XX, additional Excluding our detail our accrual to greater $X.X is per
in for Matter management interest the The plan Board ongoing compensation As plan AIP an by of and and involving profit a prior matter reminder, to a granted legal interest the interest members has relates Veritone the Board a management adopted in of services XX% certain profits XXXX. profits rendered. warrants members
and the Importantly, of warrants Veritone Board those and XXXX. XXXX Acacia exercised XX% members from separated and were management XXXX in the and in XXXX
believe As very our team's and based. share metric metric compensation is shareholders. we value creates alignment per book our closely before, mentioned We with is a is which primary we this on close the follow
service for set Directors of Acacia of thank Acacia serve our executive than term Finally, the of and with to shareholders, was have like in Her Board a decades be standing and which election XXXX. Felman, of investing and been is voice as like and Stockholders expire vacancy real XXXX, left for I'd fill reelection is who our the to Catherine held to I'd transition. behalf an more experience note of nominated gratitude. independent for on like finance invaluable, a Meeting annual an for Catherine company's director the is served has her X as at to that XX, has to Michelle not counsel May estate, director accomplished Michelle period during an to to at the the to by independent express since I'd January set on and meeting. Annual
sharing served strong Polman boards. the to serves and Wakefield having and company Committee expertise the Cushman several & member serving and private Nominating as Directors Ms. Board public of currently Committee. of Compensation She Board on and a on the of Governance brings Acacia, operating
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I'd Kirsten to results. over call to our turn quarter now like the to first discuss
