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Close of 9 Nov 2026, in USD
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About Battalion Oil
From its filings with the US Securities and Exchange Commission
Battalion Oil is based in Houston, Texas and is incorporated in Delaware. Its shares trade on NYSE under the ticker BATL. The SEC classifies its business as crude petroleum & natural gas. In the fiscal year to 31 December 2025, it reported revenue of $166.0m and net income of $11.9m. At that date it held total assets of $460.7m and shareholders' equity of −$32.8m.
We are an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the U.S. Our properties and drilling activities are currently focused in the Delaware Basin, where we have an extensive drilling inventory that we believe offers attractive long-term economics.
Our working interests in 39,968 net acres in the Delaware Basin as of December 31, 2025 are in Pecos, Reeves, Ward and Winkler Counties, Texas. This resource play is characterized by high oil and liquids-rich natural gas content in thick, continuous sections of source rock that can provide repeatable drilling opportunities and significant initial production rates. Our primary targets in this area are the Wolfcamp and Bone Spring formations. As of December 31, 2025, we had 82 operated wells producing in this area in addition to minor working interests in 22 non-operated wells. Our average daily net production for the year ended December 31, 2025 was 12,096 Boe/d.
At December 31, 2025, our estimated total proved oil and natural gas reserves were approximately 59.7 MMBoe, consisting of 31.8 MMBbls of oil, 11.6 MMBbls of NGLs and 97.5 Bcf of natural gas, as prepared by our independent reserve engineering firm, Netherland, Sewell & Associates, Inc. (“NSAI”).
Quoted from its 10-K, filed 23 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 19 Dec 2019
- Employees
- 40
- Website
- battalionoil.com ↗
- Head office
- 820 GESSNER ROAD, HOUSTON, TX, 77024
- Incorporated in
- DE
- Classification
- Crude Petroleum & Natural Gas
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Jonathan BarrettIndependent Chairman of the Board$225,000
- Mr. Matthew SteeleChief Executive Officer, Director, since 2023$662,670
- Mr. Daniel RohlingChief Operating Officer, Executive Vice President$748,169
- Mr. Walter MayerSenior Vice President, General Counsel, Corporate Secretary$539,720
- Mr. David ChangIndependent Director$175,000
- Mr. Gregory HindsIndependent Director$175,000
- Mr. Ajay JegadeesanIndependent Director$150,000
- Mr. William RogersIndependent Director$200,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 23
- Environment
- 2
- Social
- 15
- Governance
- 52
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Battalion Oil Corp has several strengths that contribute to its success in the market. Firstly, the company possesses a highly skilled and experienced management team with deep industry knowledge, allowing for effective decision-making and strategic planning. Secondly, Battalion Oil Corp has a diverse portfolio of oil and gas assets, providing a strong foundation for revenue generation and growth. Additionally, the company has established strong relationships with key partners and suppliers, enhancing its operational efficiency and resource access.
Weaknesses
- Despite its strengths, Battalion Oil Corp also faces certain weaknesses that can hinder its performance. One significant weakness is the company's dependency on volatile oil and gas prices, which can impact its profitability and financial stability. Moreover, the company's geographic concentration of assets exposes it to regional political and regulatory risks, potentially affecting operations and production. Additionally, Battalion Oil Corp may face challenges in effectively managing environmental and sustainability concerns associated with its operations.
Opportunities
- The market presents various opportunities that Battalion Oil Corp can leverage to its advantage. Firstly, the increasing global demand for energy offers the company the chance to expand its customer base and pursue new market segments. Furthermore, technological advancements in extraction methods can enhance operational efficiencies and reduce production costs, creating an opportunity for increased profitability. Additionally, Battalion Oil Corp can explore diversification into renewable energy sources to align with evolving market trends and sustainability goals.
Threats
- The oil and gas industry faces numerous threats, which Battalion Oil Corp should be aware of and adequately address. Firstly, geopolitical tensions and international conflicts can lead to disruptions in the global supply chain and affect market stability. Additionally, the increasing emphasis on renewable energy and sustainability poses a threat to the company's traditional fossil fuel-based business model. Moreover, regulatory changes and stricter environmental regulations can pose challenges and additional costs for Battalion Oil Corp's operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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