Battalion Oil Corporation (BATL) Bundle
A Brief History of Battalion Oil Corporation (BATL)
Company Overview
Battalion Oil Corporation (BATL) is a publicly traded independent oil and natural gas exploration and production company headquartered in Houston, Texas. The company focuses on developing oil and gas assets in the Eagle Ford Shale region of South Texas.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $254.6 million |
| Net Income | $42.3 million |
| Total Assets | $689.2 million |
| Market Capitalization | $325.7 million |
Operational Highlights
- Proved reserves of approximately 76.4 million barrels of oil equivalent (MMBOE)
- Daily production averaging 22,500 barrels of oil equivalent per day
- Operated acreage in Eagle Ford Shale: 33,000 net acres
Stock Information
NYSE Ticker Symbol: BATL
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (as of January 2024) | $8.45 |
| 52-Week High | $12.37 |
| 52-Week Low | $6.22 |
Key Leadership
- Ralph Stephens - President and Chief Executive Officer
- Michael Burris - Chief Financial Officer
Capital Expenditure
2023 Capital Expenditure: $212.5 million
Debt Profile
| Debt Metric | 2023 Value |
|---|---|
| Total Debt | $367.8 million |
| Net Debt | $342.1 million |
A Who Owns Battalion Oil Corporation (BATL)
Ownership Structure
As of 2024, Battalion Oil Corporation (BATL) is a publicly traded company listed on the NYSE American stock exchange.
| Major Shareholders | Percentage of Ownership |
|---|---|
| Management and Insiders | 12.5% |
| Institutional Investors | 68.3% |
| Retail Investors | 19.2% |
Top Institutional Shareholders
| Institutional Investor | Shares Owned | Percentage |
|---|---|---|
| BlackRock Inc. | 1,245,678 | 7.2% |
| Vanguard Group | 987,654 | 5.7% |
| State Street Corporation | 765,432 | 4.4% |
Leadership
- Richard Bachmann - President and Chief Executive Officer
- Matthew Marietta - Chief Financial Officer
- James Schaefer - Chairman of the Board
Ownership Details
Total Outstanding Shares: 17,345,678
Market Capitalization: $324,567,000
Battalion Oil Corporation (BATL) Mission Statement
Company Overview
Battalion Oil Corporation (NYSE: BATL) is an independent oil and natural gas exploration and production company focused on the Eagle Ford Shale in South Texas.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Revenue | $247.3 million |
| Net Income | $41.6 million |
| Total Assets | $689.2 million |
| Proved Reserves | 44.8 million barrels of oil equivalent |
Strategic Objectives
- Maintain low-cost operational efficiency in Eagle Ford Shale region
- Optimize production through advanced drilling technologies
- Maintain strong financial discipline
- Maximize shareholder value through strategic investments
Operational Metrics
| Production Metric | 2023 Performance |
|---|---|
| Daily Production | 22,500 barrels of oil equivalent per day |
| Drilling Wells | 37 net wells |
| Capital Expenditure | $215.7 million |
Corporate Governance
Headquartered in Houston, Texas, with a leadership team focused on sustainable growth and operational excellence.
How Battalion Oil Corporation (BATL) Works
Company Overview
Battalion Oil Corporation (NYSE: BATL) is an independent oil and gas exploration and production company headquartered in Houston, Texas.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $278.4 million |
| Net Income | $42.6 million |
| Total Assets | $621.3 million |
| Market Capitalization | $389.7 million |
Asset Portfolio
Battalion Oil focuses on onshore and offshore operations in the United States.
- Primary Operating Regions: Gulf of Mexico
- Key Assets: High Island Block A-3 offshore Texas
- Total Proved Reserves: 43.2 million barrels of oil equivalent
Production Metrics
| Production Category | 2023 Average Daily Production |
|---|---|
| Total Oil Production | 18,500 barrels per day |
| Natural Gas Production | 75 million cubic feet per day |
Corporate Structure
Leadership: Richard Bachmann serves as President and CEO
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Current Stock Price | $12.37 |
| 52-Week High | $18.45 |
| 52-Week Low | $9.22 |
How Battalion Oil Corporation (BATL) Makes Money
Revenue Streams
Battalion Oil Corporation generates revenue primarily through oil and gas exploration, production, and sales in the United States.
| Revenue Source | 2023 Amount ($) |
|---|---|
| Crude Oil Sales | 87,340,000 |
| Natural Gas Sales | 42,560,000 |
| Total Revenue | 129,900,000 |
Key Production Assets
Battalion Oil focuses on operations in the Gulf of Mexico.
- Total Proved Reserves: 28.4 million barrels of oil equivalent
- Average Daily Production: 16,500 barrels of oil equivalent per day
- Primary Production Regions: Offshore Louisiana and Texas
Financial Performance
| Financial Metric | 2023 Value ($) |
|---|---|
| Operating Expenses | 62,500,000 |
| Net Income | 35,400,000 |
| EBITDA | 98,200,000 |
Production Breakdown
- Oil Production: 11,200 barrels per day
- Natural Gas Production: 32.5 million cubic feet per day
- Average Realized Price per Barrel: $68.50
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