Battalion Oil Corporation
Battalion Oil Corporation Announces Second Amendment to Merger Agreement
Summary
On February 6, 2024, Battalion Oil Corporation announced a Second Amendment to its previously disclosed Merger Agreement with Fury Resources, Inc. and San Jacinto Merger Sub, Inc. This amendment modifies key terms and conditions, including an extension of the funding deadline, adjustments to fees and obligations, and the addition of a Limited Guarantee from the chairman of Fury Resources. The amendment also includes changes to the representations and warranties and certain operational covenants. No material exhibits were furnished with this filing.
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Exhibits (2)
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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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