Battalion Oil Corp. today announced financial and operating results for the fourth quarter 2022. Key Highlights Generated full year 2022 sales volumes of 15,438 barrels of oil equivalent per day Year-end 2022 reserves of approximately 92.0 million barrels of oil equivalent with a standardized measure of discounted future net cash flows of approximately $1.5 billion Tenth well of 2022 capital program put online in January [...]
Battalion Oil Corp. today announced the appointment of Kristen McWatters as Executive Vice President, Chief Financial Officer and Treasurer of the Company effective January 26, 2023, replacing Kevin Andrews, who plans to pursue other opportunities. Mr. Andrews will continue with the Company in an advisory role through the end of the first quarter. Rich Little, Battalion's Chief Executive Officer commented, "Kristen brings [...]
Battalion Oil Corp. 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 2022 Approximately 34% increase in Adjusted EBITDA over second quarter 2022 Improved realized pricing - ~11% increase in realized crude oil prices despite ~15% decline in average crude [...]
Lunch Keynote Presentations Feature BPX Energy, Vivek Ramaswamy with Strive Wealth Management and Petrie Partners Panels include discussions on Capital Allocation, Responsibly Sourced Gas, Private Capital, Carbon Capture, Renewable Natural Gas, ESG, Private Companies and Commodity Market Outlook EnerCom, Inc. announced today that the EnerCom Denver investment conference will feature management team presentations, breakout [...]
Lunch Keynote Presentations Feature BPX Energy, Vivek Ramaswamy with Strive Wealth Management and Petrie Partners Panels include discussions on Capital Allocation, Responsibly Sourced Gas, Private Capital, Carbon Capture, Renewable Natural Gas, ESG, Private Companies and Commodity Market Outlook EnerCom, Inc. announced today that lunch keynote presentations will feature BPX Energy, Vivek Ramaswamy with Strive Wealth [...]
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 [...]
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