Welcome to our dedicated page for Battalion Oil news (Ticker: BATL), a resource for investors and traders seeking the latest updates and insights on Battalion Oil stock.
Battalion Oil Corp (BATL) is an independent energy company focused on acquiring and developing onshore oil and natural gas assets in the Delaware Basin. This page provides investors and industry professionals with a centralized source for all official company announcements, operational updates, and strategic developments.
Key benefits include access to real-time updates on production milestones, financial results, and asset management decisions. Users will find press releases covering drilling advancements, partnership agreements, and sustainability initiatives alongside quarterly earnings reports and regulatory filings.
The curated news collection serves as a historical record of BATL's operational progress while offering insights into its technical expertise in horizontal drilling and reservoir optimization. Content spans exploration updates, capital expenditure plans, and leadership announcements critical for evaluating the company's market position.
Bookmark this page to track BATL's developments in one of America's most prolific hydrocarbon regions. Check regularly for new information about resource estimates, infrastructure investments, and operational efficiencies in the evolving energy landscape.
Battalion Oil Corporation (NYSEA: BATL) has announced the resignation of CEO Richard Little, who is leaving to pursue other opportunities, effective immediately. The company has appointed Matt Steele, a seasoned executive with significant experience in exploration and production (E&P), as his replacement. Steele's prior roles include CEO at Bruin E&P Partners and Ursa Resources, and he has been recognized for his expertise in capital allocation and operational efficiency. Chairman Jonathan Barrett expressed confidence in Steele's leadership, emphasizing the potential for enhanced internal value creation.
Battalion Oil Corporation (NYSE American: BATL) released its fourth quarter 2022 results, showing average daily net production of 15,696 barrels of oil equivalent per day (Boe/d) and total operating revenue of $76.8 million.
Year-end reserves were approximately 92.0 million barrels, with a valuation of $1.5 billion. The company faced a net loss of $7.7 million in Q4 2022, although Adjusted EBITDA improved to $22.7 million.
Liquidity was bolstered by the issuance of 25,000 preferred shares, raising $24.4 million. An acid gas treating facility is expected to lower processing costs significantly.
On January 20, 2023, Battalion Oil Corporation (NYSEA: BATL) announced the appointment of Kristen McWatters as the new Executive Vice President, Chief Financial Officer, and Treasurer, effective January 26, 2023. She replaces Kevin Andrews, who will continue in an advisory role until the end of Q1 2023. McWatters brings extensive experience in finance and accounting from her previous roles in the energy sector. The company also appointed Walter Mayer as Senior Vice President and General Counsel, promoting him from Vice President, Legal.
CEO Rich Little expressed enthusiasm about McWatters' onboarding, highlighting her skills in M&A and capital management.
FAQ
What is the current stock price of Battalion Oil (BATL)?
What is the market cap of Battalion Oil (BATL)?
