Battalion OIL CORP: insider trades · United States · SEC (Form 4)

About Battalion OIL CORP

Battalion Oil Corp. (NYSE American: BATL) is an independent upstream oil and gas company based in the United States, with its corporate office in Houston, Texas. The company focuses on the acquisition, exploration, development, and production of onshore liquids-rich oil and natural gas assets, with operations concentrated in the Delaware Basin of West Texas. In practical terms, BATL is a small-to-mid-sized U.S. E&P operator whose performance is highly leveraged to commodity prices, basin-level differentials, gathering and processing capacity, and drilling execution. Its core acreage is located in Pecos, Reeves, Ward, and Winkler counties, where the company targets the Wolfcamp and Bone Spring formations. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001282648/000110465926033373/batl-20251231x10k.htm)) From a corporate history standpoint, Battalion fits the profile of a shale-focused independent that has grown through disciplined portfolio management rather than international diversification. Recent SEC filings show that the company continues to refine its asset base through selective divestitures and bolt-on acquisitions. As of December 31, 2025, Battalion reported working interests in 39,968 net acres in the Delaware Basin, while also disclosing a planned West Quito divestiture, underscoring an active approach to capital allocation and basin optimization. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001282648/000110465926033373/batl-20251231x10k.htm)) Battalion’s main business lines are standard for a U.S. exploration and production company: crude oil, natural gas, and NGL production; drilling and completion activities; reserve development; and related gathering/processing logistics. The company emphasizes its extensive drilling inventory and the long-term economics of the Delaware Basin, one of the most competitive unconventional oil plays in the United States. At the same time, the business remains capital intensive and exposed to reserve revisions, service-cost inflation, and financing risk. The most recent annual report also highlights meaningful debt under the 2024 amended term loan, making leverage and covenant compliance important analytical variables for investors. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001282648/000110465926033373/batl-20251231x10k.htm)) In competitive terms, BATL is best viewed as a basin-specific operator rather than a market leader. It does not compete on scale with the largest U.S. independents; instead, it seeks value creation through acreage consolidation, drilling inventory quality, and operational improvements. That model can produce strong upside in favorable commodity environments, but it also increases earnings volatility because the company is highly concentrated in a single region and a narrow set of hydrocarbon-producing assets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001282648/000110465926033373/batl-20251231x10k.htm)) Recent developments are material for investors following SEC Form 4 insider transactions and broader capital-market activity. In March 2026, Battalion announced a $15.0 million private placement at $5.50 per share and prefunded warrants, and separately entered into an all-stock agreement to acquire approximately 7,090 net acres in Ward County from RoadRunner/Sundown, closing on March 19, 2026. In January 2026, the company said it had secured alternative gas-processing arrangements for high-H2S production, improving flow assurance and operational reliability. The company’s May 2026 quarterly release confirms that BATL remains listed on NYSE American in the United States. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1282648/000110465926060327/batl-20260331x10q.htm?utm_source=openai))