Battalion Oil Corporation
Battalion Oil Terminates Merger and Reports Q4 2024 Financials
Summary
On March 31, 2025, Battalion Oil Corporation announced the termination of its previously disclosed merger agreement with Fury Resources due to the counterparty's failure to meet funding and closing requirements. The company also reported its Q4 2024 financial results, showing a net loss of $30.9 million, or $1.88 per share, and an adjusted EBITDA of $18.0 million for the quarter. The company concluded its 2024 six-well campaign ahead of planned timing and under budget, and its AGI facility treated approximately 20 MMcf/d average during the quarter.
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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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