Battalion Oil (NYSE: BATL) is an independent exploration and production company focused on the acquisition, development and operation of onshore oil and natural gas assets in the United States. Headquartered in Houston, Texas, the company targets high-return, unconventional resource plays and employs advanced drilling and completion technologies to optimize recovery and manage costs. Battalion Oil’s capital discipline and flexible operating model are designed to deliver consistent production growth and free cash flow generation across commodity price cycles.
The company’s core operations are concentrated in premier U.S. basins, including the Midland and Delaware sub-basins of the Permian Basin as well as select positions in the Williston Basin. Battalion Oil’s asset base spans several thousand net acres, where it undertakes horizontal drilling and multi-stage hydraulic fracturing to produce light crude oil, condensate, natural gas liquids and associated natural gas. Through strategic acreage acquisitions and leasehold consolidation, the company continues to build scale and enhance its low-cost, high-margin portfolio.
Founded in 2021 by a team of seasoned oil and gas professionals, Battalion Oil has rapidly grown from a private start-up to a publicly traded entity. The company completed its initial public offering in 2023 and has since pursued a balanced capital program that combines disciplined reinvestment in core wells with opportunistic bolt-on acquisitions. Battalion Oil emphasizes sustainable operating practices, working collaboratively with local communities and regulators to minimize environmental impact and ensure safe, efficient field operations.
Leadership at Battalion Oil is drawn from decades of upstream industry experience. The executive team is led by Chief Executive Officer Jonathan Gray, who previously held senior roles at major exploration and production firms, and Chief Financial Officer Michelle Parker, who oversees capital allocation and investor relations. Supported by a board of directors that includes former executives from leading energy companies, Battalion Oil maintains strong corporate governance and a commitment to delivering long-term shareholder value through operational excellence and financial discipline.
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