BATL - Earnings announcements

HOUSTON, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today announced financial and operating results for the third quarter 2022. Key Highlights New volumes from 2022 capital program driving production growth – ~8% increase in average daily production over second quarter 2022Approximately 34% increase in Adjusted EBITDA over second quarter 2022Improved realized pricing – ~11% increase in realized crude oil prices despite ~15% decline in average crude oil prices over second quarter 2022Most recent three well pad began flowing back during second week of October, raising total to 8 wells put online in 2022Completed Third Bone Spring

HOUSTON, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today announced financial and operating results for the second quarter 2022. Key Highlights First five wells of 2022 capital program put online during quarter and continued one-rig program with spudding of next three well padDisciplined capital program mitigating inflation and supply chain disruptionOutstanding performance in drilling and completion operations – fewer drilling days and higher pump efficiency than planConstruction underway on recently announced strategic acid gas treating facilityAnticipate meaningful production and EBITDA growth in second half of 2022 Managem

HOUSTON, May 09, 2022 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today announced financial and operating results for the first quarter 2022. Key Highlights Meeting or exceeding performance targets on drilling and completion activities year to dateMitigating cost increases and material shortages through increased operational and capital efficienciesContinued robust commodity pricing offering opportunity to layer on new hedges at attractive pricesAmple liquidity to execute on 2022 capital programRecently began flowing back on first wells of 2022 capital program Management Comments Richard Litt

HOUSTON, TX, May 05, 2022 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today announced plans to release its first quarter 2022 financial results on Monday, May 9, 2022 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call for Tuesday, May 10, 2022, at 10:00 a.m. Central Time to discuss the release. To access the live conference call, local participants may dial +1 (646) 828-8193. All other participants may dial (888) 220-8474 for toll free. The confirmation code for the live conference call is 2126195. The live conference call will also be available through the Company's website at www.batta

HOUSTON, March 07, 2022 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today announced financial and operating results for the fourth quarter and full year 2021. Key Highlights Reported average daily production of 17,283 Boepd and 16,241 Boepd in fourth quarter and full year 2021, respectivelyProved reserves of 95.9 MMBoe, a 51% increase over year-end 2020 reservesCompleted strategic refinancing in November 2021; enhanced liquidity profile allows for significant increase in activityKicked off 2022 capital program in December 2021 with 3 well-pad at Monument Draw; expect to keep one rig running through 2022Maintaining flat production in 2022

Houston, Texas, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today provided an operational update, released its preliminary 2022 capital plan and production guidance, and provided details on the timing of its fourth quarter 2021 earnings release and conference call. Key Highlights Recently closed strategic refinancing provides the capital and financial flexibility to execute on a multi-year drilling programThe Company picked up a rig in December 2021 and intends to keep a rig running throughout the 2022 fiscal yearBattalion plans to spud 12 wells in 2022 with total estimated capital e

HOUSTON, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today announced results of operations for the third quarter 2021 and provided an update on 2021 guidance for capital expenditures. Highlights Reported average daily production of 17,728 Boepd during third quarter 2021, a 14% increase over second quarter 2021, due largely to facility upgrades at Monument Draw and reduced well downtimeAdjusted EBITDA of $23.0 million, a 63% increase over second quarter 2021Strong organic deleveraging, reducing net debt by >$10 million during the quarterIncreasing 2021 guidance for total capital expenditures; anticipate spudding first well of 202

HOUSTON, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today announced results of operations for the second quarter 2021. Highlights Completed and put online two new wells in Monument Draw during the quarter2021 capital program largely complete – 6 wells put online at average D&C cost of ~$878 per well per foot despite increasing service costsContinued success in reducing workover expense despite rising service and material prices due to 33% YTD reduction in failure rates over 2020Facility upgrades in Q2 expected to reduce well downtime and increase flow assurance in 2H 2021 Management Comments Richard Li