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Stock impact report

Battalion Oil Corporation Announces Third Quarter 2024 Financial and Operating Results

Battalion Oil Corporation (BATL) 
Company Research Source: GlobeNewswire
HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: 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 Comments The Company concluded its current six-well campaign ahead of planned timing and under budget on each well. The Vermejo two-well pad in Monument Draw has been completed and is currently flowing back with initial rates in line with Company expectations. Capital costs continue to tren Show less Read more
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