Battalion Oil Corporation Common Stock
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About
Battalion Oil Corporation (BATL) is an independent energy company headquartered in Houston, Texas, best known for its oil and natural gas production and exploration activities in the onshore United States.
The company acquires, explores, develops, and produces oil and natural gas assets. Its operations are primarily concentrated in the Delaware Basin, a prominent region within the larger Permian Basin, where it holds interests across specific counties in West Texas including Pecos, Reeves, Ward, and Winkler counties. This focus on a single, prolific basin allows the company to build operational expertise and consolidate its development efforts.
Battalion Oil generates revenue by selling its production, which includes crude oil, natural gas, and natural gas liquids. Its customers are typically entities within the energy industry, such as independent marketers, other oil and gas companies, and gas pipeline operators. Founded in 1987, the company was formerly known as Halcón Resources Corporation before adopting its current name in January 2020.