Houston, Texas, April 29, 2026 (GLOBE NEWSWIRE) — Battalion Oil Company (NYSE American: BATL, “Battalion” or the “Company”) immediately introduced a considerable improve in compression capability, facilitating present manufacturing and, extra importantly, future improvement.
Key Highlights
Contractually secured extra compression capacityExecuted a long-term contract to supply 50% extra compression capability in Monument DrawFacilities are anticipated to be on-line in early Q3 2026, permitting most manufacturing functionality from Monument Draw and debottlenecking future drilling inventoryCurrent effectively economics return 80%+ IRR at just lately hedged commodity costs and present effectively prices
Administration Feedback
Battalion has entered a brand new long-term contract for a further 50% bitter gasoline compression capability throughout its Ward and Winkler County property, growing circulation capability from 35 MMcfd to over 50 MMcfd. Constructing on the latest midstream transformation that unlocked the power to circulation wells at report charges, the Firm is concentrated on fortifying its capability to extend capability and redundancy to assist present manufacturing and future improvement exercise within the subject. Constructed-for-purpose bitter gasoline compressors at present have lead occasions of 18 to 36 months. By means of an intensive worldwide search, the Firm secured a brand new, built-for-purpose compressor, lowering the lead time to roughly two months. The transaction construction requires no use of Battalion’s capital and ends in a modest uptick in working bills, whereas considerably boosting gasoline throughput.
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“We’re excited to partner with an industry leader that has a proven track record and is ready to grow with our assets,” mentioned Matt Steele, Chief Govt Officer of Battalion Oil. “The fact that Battalion was able to accelerate throughput capacity by skipping the typical two-year lead time positions the Company to continue to increase production through current well optimization, new drilling activity and strategic M&A. We look forward to bringing new wells online in 2026.”
Ahead Wanting Statements
This launch comprises forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. Statements that aren’t strictly historic statements represent forward-looking statements. Ahead-looking statements embrace, amongst others, statements about anticipated manufacturing, liquidity, capital spending, drilling and completion plans, and ahead steering. Ahead-looking statements could typically, however not at all times, be recognized by way of such phrases similar to “expects”, “believes”, “intends”, “anticipates”, “plans”, “estimates”, “projects,” “potential”, “possible”, or “probable” or statements that sure actions, occasions or outcomes “may”, “will”, “should”, or “could” be taken, happen or be achieved. Ahead-looking statements are primarily based on present beliefs and expectations and contain sure assumptions or estimates that contain varied dangers and uncertainties that might trigger precise outcomes to vary materially from these mirrored within the statements. These dangers embrace, however will not be restricted to, these set forth within the Firm’s Annual Report on Type 10-Ok for the fiscal 12 months ended December 31, 2025, and different filings submitted by the Firm to the SEC, copies of which can be obtained from the SEC’s web site at www.sec.gov or by means of the Firm’s web site at www.battalionoil.com. Readers shouldn’t place undue reliance on any such forward-looking statements, that are made solely as of the date hereof. The Firm has no obligation, and assumes no obligation, to replace forward-looking statements on account of new data, future occasions or adjustments within the Firm’s expectations.
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About Battalion
Battalion Oil Company is an unbiased power firm engaged within the acquisition, manufacturing, exploration and improvement of onshore oil and pure gasoline properties in america.
