Battalion Oil Corporation (BATL)
Battalion Oil Corporation operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Houston, TX, US. The stock last traded at $1.34, down 1.47% on the session, giving a market capitalisation of $29.6M. On trailing twelve-month figures it carries a trailing P/E of -0.24, a net margin of -32.1%. Its beta of 0.45 implies it has historically moved less than the broad market.
Battalion Oil Corporation functions as an autonomous energy enterprise, primarily focused on the acquisition, exploration, extraction, and enhancement of crude oil and natural gas deposits located on land throughout the United States. As of the close of 2021, the company maintained holdings across 40,400 net acres within Texas's Delaware Basin, encompassing Pecos, Reeves, Ward, and Winkler counties. At that same point, its audited proven reserves were calculated at roughly 95.9 million barrels of oil equivalent. This figure comprised 58.7 million barrels of crude oil, 16.3 million barrels of natural gas liquids, and 125.0 billion cubic feet of natural gas. Initially established in 1987 and based in Houston, Texas, the company rebranded as Battalion Oil Corporation in January 2020, having previously operated under the name Halcón Resources Corporation.
Battalion Oil Corporation is most often compared with the following Energy names: