Cibolo Energy Partners Backs Benchmark Energy II's Western Anadarko Program With $48M Facility

Benchmark Energy II has closed a senior secured financing that provides for up to $48M, with Cibolo Energy Partners, LLC as the counterparty on the transaction.

The capital is not general-purpose. According to the announcement, the proceeds are dedicated to an operated, multi-well development in the Western Anadarko — the stated destination for the money rather than a corporate balance-sheet top-up.

That structure ties the borrowing to a defined set of wells that Benchmark Energy II will operate itself. The company holds the operator role on the project, a detail that shapes both how the capital is deployed and how the development is run. The description of the program as multi-well points to a sustained drilling effort in the play rather than a single-pad test.

Cibolo Energy Partners is the only financing partner named in the announcement. The release did not disclose pricing, maturity, covenants, or whether additional lenders participated in the facility. It also did not address the company's existing production, acreage position, or well count, and no development timeline or return estimates were provided.

The deal was announced as closed, meaning commitments are in place rather than the transaction resting at a mandate or term-sheet stage. The announcement frames the financing around accelerating Western Anadarko development.

For an operator running a multi-well program, a facility of this size determines how quickly wells can be drilled and brought online, and a secured structure generally gives the lender a claim tied to the assets the money develops. What the announcement makes clear is the pairing: a single named energy-focused financing partner, a secured instrument, and a development plan the borrower operates itself in the Western Anadarko.

No executive comment accompanied the announcement, and no further terms of the financing were made public.