Battalion Oil Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of December 31, 2020, the company held interests in 41,676 net acres in the Delaware Basin located in the counties of Pecos, Reeves, Ward, and Winkler, Texas. It also had estimated proved reserves of approximately 63.34 million barrels of oil equivalent comprising 38.2 million barrels of crude oil, 12.1 million barrels of natural gas liquids, and 78.5 billion cubic feet of natural gas. The company was formerly known as Halcón Resources Corporation and changed its name to Battalion Oil Corporation in January 2020. Battalion Oil Corporation was incorporated in 2004 and is headquartered in Houston, Texas.
IPO Year:
Exchange: AMEX
Website: battalionoil.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/4/2023 | $28.00 | Buy → Neutral | ROTH MKM |
| 8/29/2022 | $28.00 | Buy | ROTH Capital |
4 - BATTALION OIL CORP (0001282648) (Issuer)
4 - BATTALION OIL CORP (0001282648) (Issuer)
4 - BATTALION OIL CORP (0001282648) (Issuer)
4 - BATTALION OIL CORP (0001282648) (Issuer)
4 - BATTALION OIL CORP (0001282648) (Issuer)
4 - BATTALION OIL CORP (0001282648) (Issuer)
4 - BATTALION OIL CORP (0001282648) (Issuer)
4 - BATTALION OIL CORP (0001282648) (Issuer)
4 - BATTALION OIL CORP (0001282648) (Issuer)
4 - BATTALION OIL CORP (0001282648) (Issuer)
HOUSTON, May 14, 2025 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company")) today announced financial and operating results for the first quarter of 2025. Key Highlights Generated first quarter 2025 sales volumes of 11,900 barrels of oil equivalent per day ("Boe/d") (53% oil)Continued to lower capex per well, outperforming AFE estimatesAGI facility online and treated 1.6 Bcf for the first quarter of 2025Commenced drilling operations on final two wells of 2025 six-well plan Management Comments The Company has continued drilling operations as part of its previously announced 2025 six-well activity plan, completing four Monument Draw wells and drilling
HOUSTON, March 31, 2025 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company")) today announced financial and operating results for the fourth quarter of 2024. Key Highlights Completed the refinancing of our term loan on favorable terms resulting in an increase in liquidityGenerated full-year sales volumes of 12,667 barrels of oil equivalent per day ("Boe/d") (51% oil)Continued to lower capex per well, outperforming AFE estimatesAGI facility online and treated 1.8 Bcf for the fourth quarter of 2024Spud two additional wells in Monument Draw in December to commence 2025 six-well activity planYear-end 2024 reserves of approximately 64.9 million barrels o
Houston, Texas, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL) ("Battalion" or the "Company") announced today that it has terminated the previously disclosed Agreement and Plan of Merger (as amended, the "Merger Agreement") with Fury Resources, Inc. ("Buyer" or "Fury"). As of this morning, Fury was not able meet the obligations and close the transaction contemplated by the Merger Agreement. Over the past year, in order to facilitate the transaction, the Company and Fury entered into numerous amendments to the terms of the Merger Agreement. In support of the transaction, the holders of all of the outstanding shares of the preferred equity of the Company, Luminus Ma
HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company")) today announced financial and operating results for the third quarter of 2024. Key Highlights AGI facility online and treated 1.7 Bcf for the third quarter 2024Vermejo (a Monument Draw two-well pad) has been completed and is flowing backNext Monument Draw pad wells scheduled to spud prior to year-endGenerated third quarter 2024 sales volumes of 12,076 Boe/dAmended the previously announced Merger Agreement with Fury reducing the purchase price to $7.00 per share and requiring all of the existing preferred equity holders to roll over 100% of their preferred equity Management Com
Houston, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL) ("Battalion" or the "Company") announced today that it has entered into an amendment to the previously disclosed Agreement and Plan of Merger (as amended, the "Merger Agreement") with Fury Resources, Inc. ("Buyer" or "Parent"), pursuant to which Parent has agreed to acquire all of the outstanding shares of Common Stock of the Company (the "Common Stock") for $7.00 per share in cash, without interest (the "Merger Consideration"). The holders of all of the outstanding shares of the Preferred Stock of the Company, Luminus Management, LLC ("Luminus"), Gen IV Investment Opportunities, LLC, and funds and acc
HOUSTON, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today announced financial and operating results for the second quarter of 2024. Key Highlights AGI facility online and treated 1.82 Bcf for the second quarter 2024 reducing operating expenses by $4.26/Boe compared to the first quarter 2024On August 12, 2024, the AGI facility processed 26.6 MMcf/d which allowed the Company to return wells to production and realize approximately 7,500 Bbls of oil per day (approximately 13,500 Boe/d) net productionDrilled and brought two additional wells on production in Monument Draw in the second quarter 2024 with the next two-well pad to be co
HOUSTON, May 15, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today announced financial and operating results for the first quarter of 2024. Key Highlights Previously announced AGI project online in Q1 2024 and achieved new record of 32 MMcf/d of throughputDrilled and completed two wells in Monument Draw in Q1 2024Generated first quarter 2024 sales volumes of 12,989 barrels of oil equivalent per day ("Boe/d")Executed a $20.0 million preferred equity raise in March 2024 and an additional $20.0 million preferred equity raise in May 2024 to support drilling program and debt reductionContinuing strategic alternatives initiative and are workin
HOUSTON, March 29, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today announced financial and operating results for the fourth quarter of 2023. Key Highlights Approximately 41,000 net acres, 91% HBP in three contiguous blocks across Ward, Winkler and Pecos Counties with substantial remaining location inventoryBrought previously announced AGI project online in Q1 2024 treating over 20 MMcf/dRecommenced drilling operations in Monument Draw in Q4 2023 to execute a six well program Completed two wells in Q4 2023, brought online in Q1 2024 under budget with strong initial resultsDrilled two additional wells in Q1 2024, curren
Houston, Texas, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL) ("Battalion" or the "Company") today announced that on February 8, 2024, it received a notice letter on behalf of the NYSE American LLC acknowledging that, because the Company held its 2023 Annual Meeting on February 7, 2024, the Company is in compliance with its continued listing standards set forth in Section 704 of the Company Guide. About Battalion Battalion Oil Corporation is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States. BATTALION OIL CORPORATIO
Houston, Texas, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, "Battalion" or the "Company") today announced certain financial and operating updates. Key Highlights Acid gas injection ("AGI") well is projected to be injecting by end of the first quarter 2024Recent two well pad was drilled and completed under budget and the wells have IP'd above type curve at 1,964 BOEPD and 1,711 BOEPD respectively (71% oil) with production still incliningApproximately $61MM cash on hand to fund operationsAdditional equity commitment of $20MM uncalled at current timeRecently announced merger with Fury anticipated to close as outlined in the Merger Agreement
8-K - BATTALION OIL CORP (0001282648) (Filer)
8-K - BATTALION OIL CORP (0001282648) (Filer)
10-Q - BATTALION OIL CORP (0001282648) (Filer)
8-K - BATTALION OIL CORP (0001282648) (Filer)
DEFA14A - BATTALION OIL CORP (0001282648) (Filer)
DEF 14A - BATTALION OIL CORP (0001282648) (Filer)
PRE 14A - BATTALION OIL CORP (0001282648) (Filer)
10-K - BATTALION OIL CORP (0001282648) (Filer)
8-K - BATTALION OIL CORP (0001282648) (Filer)
8-K - BATTALION OIL CORP (0001282648) (Filer)