Battalion Oil Corporation
Battalion Oil Corporation Receives Notice of Delisting from NYSE American
Summary
On January 5, 2024, Battalion Oil Corporation (BATL) received notice from NYSE American that it is not in compliance with continued listing standards due to the failure to hold an annual meeting of stockholders for the fiscal year ended December 31, 2022. The Company plans to hold the 2023 Annual Meeting on February 7, 2024, aiming to regain compliance with NYSE American's listing standards.
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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
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