Battalion Oil Corporation
Battalion Oil Closes Acquisition of 7,090 Acres in Texas
Summary
Battalion Oil Corporation has completed the acquisition of 7,090 net acres in Ward County, Texas, from RoadRunner Resource Holding LLC. The transaction, which was effective as of March 1, 2026, was completed as an all-stock deal, with Battalion issuing 485,000 shares of its common stock. The acquired acreage directly adjoins Battalion's existing Monument Draw position, expanding its continuous footprint in the region. The acquisition is expected to add 30 high-quality net locations targeting the Wolfcamp A, Wolfcamp B, and 3rd Bone Spring formations, and includes an existing Battalion-operated well with an estimated value of approximately $700,000. The deal was previously announced and the companies had partnered on this acreage under a joint venture agreement.
Profitelligence Alerts
Get alerts for BATL
Be first to know when Battalion Oil Corporation files with the SEC.
Filing Categories
Advertisement
About Battalion Oil Corporation
Battalion Oil Corporation is a U.S.-based energy company specializing in the exploration and production of hydrocarbon resources. Its primary function is to identify, develop, and extract crude oil and natural gas reserves, focusing predominantly on the onshore regions within the United States, particularly the Permian Basin—a region known for its significant oil and gas prospects. Battalion Oil Corporation plays a crucial role in the energy sector by contributing to the domestic supply of energy commodities, which are integral to various industries ranging from manufacturing to transportation. The company is involved in the upstream segment of the energy market, dealing with the initial stages of energy production. This involves seeking new resource deposits, drilling, and bringing oil and gas to the surface, which subsequently supply refineries and other downstream operations. Battalion Oil Corporation's activities are pivotal in supporting the energy needs of local and international markets, influencing energy prices, and impacting the overall energy independence of the United States.
Official SEC Documents
Advertisement