Houston, Texas, March 19, 2026 (GLOBE NEWSWIRE) — Battalion Oil Company (NYSE American: BATL, “Battalion” or the “Company”) nowadays introduced that it has closed its in the past introduced Acquire and Sale Settlement to procure positive oil and fuel property comprising 7,090 web acres in Ward County, Texas (the “Acquired Acreage”) from RoadRunner Useful resource Protecting LLC (previously Sunset Power LP, “Sundown”). The deal used to be finished as an all-stock transaction, with Battalion issuing 485,000 stocks of its not unusual inventory to Sunset in alternate for the Got Acreage, matter to normal ultimate changes.
The Got Acreage at once adjoins Battalion’s present Monument Draw place (20,007 acres, beneath), increasing the Corporate’s steady, extremely operational footprint within the area (transaction space denoted in pink define beneath, 7,090 acres). The purchase is valuable as of March 1, 2026.
Battalion’s Blended Monument Draw Place (27,097 acres)
Transaction Highlights & Strategic Rationale:
Extremely Contiguous Footprint: Provides 7,090 acres that tie seamlessly into the Corporate’s Monument Draw asset, taking into consideration optimized long-lateral building and operational efficiencies.Meaningfully Improves Drilling Stock: Anticipated so as to add 30 top of the range web places concentrated on the prolific Wolfcamp A, Wolfcamp B, and third Bone Spring formations.Quick Manufacturing and Confirmed Geology: Contains Sunset’s possession passion in an present Battalion-operated neatly at the footprint, contributing approximate worth of $700,000 on a ten% discounted web provide worth foundation.Capital-Environment friendly Infrastructure: Building of the Got Acreage will get advantages at once from Battalion’s contemporary acid fuel treating settlement with Targa Sources, which secures considerable bitter fuel remedy capability to beef up long term building in this acreage.
Battalion and Sunset in the past partnered in this acreage underneath a three way partnership settlement. Because the operator all over that JV, Battalion drilled and evaluated the acreage, giving the Corporate top self assurance within the Got Acreage’s subsurface traits and anticipated neatly efficiency.
Control Remark
“We are pleased to close this strategic, all-stock transaction with Sundown,” stated Matt Steele, Leader Government 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-Having a look Statements
This press free up comprises forward-looking statements as outlined through U.S. securities rules. Those statements don’t seem to be historic information and frequently come with phrases like “expects,” “believes,” “plans,” “estimates,” “may,” “will,” or identical expressions. They quilt subjects comparable to long term manufacturing, monetary situation, capital spending, and strategic plans. Those statements are in response to present expectancies and contain dangers and uncertainties that might reason precise effects to vary considerably. Key dangers are described within the Corporate’s Annual Record on Shape 10-Okay for the yr ended December 31, 2024, and different filings with the Securities and Trade Fee (SEC), to be had at www.sec.gov or at the Corporate’s site at www.battalionoil.com. Readers are cautioned to not depend too closely on those forward-looking statements, which talk best as of the date of this free up. The Corporate does no longer adopt any legal responsibility to replace those statements in mild of recent data or long term occasions.
About Battalion
Battalion Oil Company is an impartial power corporate engaged within the acquisition, manufacturing, exploration and building of onshore oil and herbal fuel houses in the USA.
