Preliminary Presentation Times and Schedule for Participating Companies at EnerCom Denver Now Posted on the Conference Website EnerCom, Inc. announced today that institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for the EnerCom Denver conference can now request One-on-One meetings with the senior management teams of participating companies on the [...]
Registration is Open Now for EnerCom Denver with One-on-One Meeting Requests Opening for Qualified Investors on July 1st EnerCom, Inc. announced today that it has published the preliminary presentation times and schedule for presenting companies at EnerCom Denver - The Energy Investment Conference on the conference website at www.enercomdenver.com and that qualified investors that have registered for the conference will [...]
Battalion Oil Corp. 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, respectively Proved reserves of 95.9 MMBoe, a 51% increase over year-end 2020 reserves Completed strategic refinancing in November 2021; enhanced liquidity profile allows for significant [...]
Battalion Oil Corp. 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 program The Company picked up a rig in December 2021 and [...]
Battalion Oil Corp. today announced it has closed an agreement with a group of lenders for a new first lien delayed draw term loan facility for up to $235 million bearing interest of LIBOR plus 7.00% on drawn amounts. Initial borrowings of $200 million will allow Battalion to repay all outstanding loans and obligations under the Company's previous senior revolving credit facility and add significant cash to the balance [...]
Battalion Oil Corp. 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 downtime Adjusted EBITDA of $23.0 million, a 63% increase over second quarter [...]
Battalion Oil Corp. today announced results of operations for the second quarter 2021. Highlights Completed and put online two new wells in Monument Draw during the quarter 2021 capital program largely complete - 6 wells put online at average D&C cost of ~$878 per well per foot despite increasing service costs Continued success in reducing workover expense despite rising service and material prices due to 33% YTD [...]
Battalion Oil Corp. today announced results of operations for the first quarter 2021. Highlights Completed four DUCs and spud two new wells in Monument Draw during the quarter Improved average completion costs from $575/lateral ft in 2020 down to $395/lateral ft in Q1 2021 Production from recent completions outperforming expectations On track to deliver on 2021 production guidance despite operational shut-ins due to [...]
Battalion Oil Corp. today announced results of operations for the fourth quarter and full year 2020. Highlights Battalion is well positioned to deliver single digit production growth while generating significant free cash flow in FY2021 Completed the sale of ~3,700 net acres in the Northern West Quito development area for $26.3 million in cash subject to customary post-closing adjustments. These assets accounted for less [...]
Battalion Oil Corp. is pleased to provide an update on its financial position. In December, the Company completed the previously disclosed sale of certain of its Northern West Quito Assets to Point Energy Partners Operating, LLC for cash proceeds of $26.3 million, subject to customary post-closing adjustments. The divested Northern West Quito Assets accounted for less than 5% of the Company's average daily net oil [...]
Battalion Oil Corp. today announced its third quarter 2020 results. Third Quarter Results Average daily net production for the quarter ended September 30, 2020 was 17,076 Boe per day, of which oil represented 56%. Total revenue for the third quarter was $39.8 million, of which 84% related to crude oil. Realized gains on derivative settlements totaled $5.3 million for the third quarter. Richard Little, the Company’s CEO [...]
Battalion Oil Corp. today announced the appointment of Kevin Andrews as Executive Vice President, Chief Financial Officer and Treasurer of the Company effective August 17, 2020, replacing Ragan Altizer, who plans to retire from the oil and gas industry. Rich Little, Battalion’s Chief Executive Officer commented, “Kevin brings to Battalion a substantial track record in M&A, which will serve us well as we continue to [...]
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