Battalion Oil Corporation (BATL)
Battalion Oil Corporation is an independent oil and natural gas exploration and production company focused on developing its assets primarily in the Gulf Coast regions of the United States. The company engages in the acquisition, development, and production of onshore hydrocarbon reserves, emphasizing operational efficiency and strategic asset management.
Company News
Battalion Oil reported Q2 2025 results with modest production increase but revenue decline due to lower oil prices. The company faced operational challenges with an unexpected acid gas injection facility shutdown, impacting near-term production and cost structure.
Battalion Oil shares surge after amending its Merger Agreement with Fury Resources, offering $7.00 per share in cash. Fury has secured $200 million in debt and $160 million in equity commitments, with the deal expected to close in Q4 2024.
Battalion Oil Corporation has entered into a merger agreement with Fury Resources, Inc. to be acquired for $7.00 per share in cash. The transaction is expected to close in the fourth quarter of 2024, subject to various closing conditions.
Discover why Zacks rates Battalion Oil (BATL) as "Underperform," being the first on Wall Street to initiate coverage on the stock. Explore its financial struggles and operational challenges in 1Q24, with high debt and declining production impacting prospects.