Battalion Oil Sells West Quito Draw Assets to MCM Delaware Resources for $62.6 Million

Reuters2025-12-22

<a href="https://laohu8.com/S/BATL">Battalion Oil</a> Sells West Quito Draw Assets to MCM <a href="https://laohu8.com/S/VMM">Delaware</a> Resources for $62.6 Million

Battalion Oil Corporation has agreed to sell substantially all of its oil and natural gas properties in the West Quito Draw area of Ward County, Texas, to MCM Delaware Resources, LLC for approximately $62.59 million. The assets involved in the deal include around 6,207 net acres and accounted for about 8 million barrels of oil equivalent, representing roughly 12.4% of Battalion’s 2024 year-end proved reserves. The effective date of the transaction is December 1, 2025, with closing expected in the first quarter of 2026, subject to customary closing conditions and purchase price adjustments. Battalion plans to use the proceeds to repay outstanding debt and for general corporate purposes, including potential acquisitions and planned drilling expenditures.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Battalion Oil Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-123349), on December 22, 2025, and is solely responsible for the information contained therein.

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