Business

Battalion Oil Expands Monument Draw Position With Strategic Acquisition from Sundown

Houston, Texas, March 10, 2026 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced that it has entered into a Purchase and Sale Agreement (“PSA”) to acquire certain oil and gas assets, comprising 7,090 net acres located in Ward County, Texas (the “Assets”), from RoadRunner Resource Holding LLC (formerly, Sundown Energy LP, “Sundown”), in an all-stock transaction. Under the terms of the PSA, Battalion will issue 485,000 shares of its c

articleBattalion Oil CorporationMarch 10, 20263/company/battalion-oil-corporation/news/battalion-oil-expands-monument-draw-position-with-strategic-acquisition-from-sundown
Battalion Oil Expands Monument Draw Position  With Strategic Acquisition from Sundown

About this update from Battalion Oil Corporation

[{"type":"image","alt":"Battalion Oil Corporation","displaySize":"","headline":null,"caption":"Battalion Oil Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":51,"url":"https://media.zenfs.com/en/globenewswire.com/3b3039eba573b5af9c004bb0dd4e2ad3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/kVQ0kZQsf2y8hQSMcyTZ1g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTcxO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/3b3039eba573b5af9c004bb0dd4e2ad3","width":300,"height":51}},"lazy":false},{"type":"text","content":"Houston, Texas, March 10, 2026 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced that it has entered into a Purchase and Sale Agreement (“PSA”) to acquire certain oil and gas assets, comprising 7,090 net acres located in Ward County, Texas (the “Assets”), from RoadRunner Resource Holding LLC (formerly, Sundown Energy LP, “Sundown”), in an all-stock transaction.","length":427,"tagName":"p"},{"type":"text","content":"Under the terms of the PSA, Battalion will issue 485,000 shares of its common stock to Sundown in exchange for the Assets.  The acquired leases directly adjoin Battalion’s existing Monument Draw position, substantially enhancing the Company’s continuous and operationally efficient footprint in the region. The effective date of the proposed acquisition is March 1, 2026.","length":376,"tagName":"p"},{"type":"text","content":"The transaction is subject to customary closing adjustments & conditions, registrations rights, and regulatory approvals.","length":125,"tagName":"p"},{"type":"text","content":"Transaction Highlights & Strategic Rationale:","length":49,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Highly Contiguous Footprint: Adds 7,090 acres that tie seamlessly into the Company's Monument Draw asset, allowing for optimized long-lateral development and operational efficiencies.","length":192,"tagName":"p"}]},{"val":[{"type":"text","content":"Meaningfully Improves Drilling Inventory: Expected to add 30 high-quality net locations targeting the prolific Wolfcamp A, Wolfcamp B, and 3rd Bone Spring formations.","length":186,"tagName":"p"}]},{"val":[{"type":"text","content":"Immediate Production and Proven Geology: Includes Sundown’s ownership interest in a...

More updates from Battalion Oil Corporation

BattalionSundownMonument Drawthe CompanyTarga ResourcesRoadRunner Resource Holding LLCPurchase and Sale AgreementMatt Steelefuture development