Houston, Texas, March 19, 2026 (GLOBE NEWSWIRE) — Battalion Oil Company (NYSE American: BATL, “Battalion” or the “Company”) as we speak introduced that it has closed its beforehand introduced Buy and Sale Settlement to amass sure oil and fuel property comprising 7,090 internet acres in Ward County, Texas (the “Acquired Acreage”) from RoadRunner Useful resource Holding LLC (previously Sunset Power LP, “Sundown”). The deal was accomplished as an all-stock transaction, with Battalion issuing 485,000 shares of its frequent inventory to Sunset in change for the Acquired Acreage, topic to customary closing changes.
The Acquired Acreage straight adjoins Battalion’s current Monument Draw place (20,007 acres, under), increasing the Firm’s steady, extremely operational footprint within the area (transaction space denoted in purple define under, 7,090 acres). The acquisition is efficient as of March 1, 2026.
Battalion’s Mixed Monument Draw Place (27,097 acres)
Transaction Highlights & Strategic Rationale:
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Extremely Contiguous Footprint: Provides 7,090 acres that tie seamlessly into the Firm’s Monument Draw asset, permitting for optimized long-lateral improvement and operational efficiencies.Meaningfully Improves Drilling Stock: Anticipated so as to add 30 high-quality internet areas concentrating on the prolific Wolfcamp A, Wolfcamp B, and third Bone Spring formations.Instant Manufacturing and Confirmed Geology: Consists of Sunset’s possession curiosity in an current Battalion-operated effectively on the footprint, contributing approximate worth of $700,000 on a ten% discounted internet current worth foundation.Capital-Environment friendly Infrastructure: Growth of the Acquired Acreage will profit straight from Battalion’s latest acid fuel treating settlement with Targa Assets, which secures ample bitter fuel therapy capability to assist future improvement on this acreage.
Battalion and Sunset beforehand partnered on this acreage below a three way partnership settlement. Because the operator throughout that JV, Battalion drilled and evaluated the acreage, giving the Firm excessive confidence within the Acquired Acreage’s subsurface traits and anticipated effectively efficiency.
Administration Commentary
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“We are pleased to close this strategic, all-stock transaction with Sundown,” mentioned Matt Steele, Chief Govt Officer of Battalion Oil Company. “We have drilled and operated on this acreage under our previous joint venture, giving us a high degree of confidence in the subsurface and the future potential of these 35 new locations. Combining this acreage into our Monument Draw position strengthens our development runway, and with our sour gas treating solution now in place, we are well-positioned to develop this asset efficiently and at scale.”
Ahead-Wanting Statements
This press launch contains forward-looking statements as outlined by U.S. securities legal guidelines. These statements will not be historic information and sometimes embrace phrases like “expects,” “believes,” “plans,” “estimates,” “may,” “will,” or comparable expressions. They cowl subjects akin to future manufacturing, monetary situation, capital spending, and strategic plans. These statements are based mostly on present expectations and contain dangers and uncertainties that would trigger precise outcomes to vary considerably. Key dangers are described within the Firm’s Annual Report on Kind 10-Okay for the yr ended December 31, 2024, and different filings with the Securities and Trade Fee (SEC), accessible at www.sec.gov or on the Firm’s web site at www.battalionoil.com. Readers are cautioned to not rely too closely on these forward-looking statements, which communicate solely as of the date of this launch. The Firm doesn’t undertake any obligation to replace these statements in mild of latest info or future occasions.
About Battalion
Battalion Oil Company is an unbiased power firm engaged within the acquisition, manufacturing, exploration and improvement of onshore oil and pure fuel properties in the USA.
