Battalion Oil Corporation · AMEX:BATL
Battalion Oil — Investor Presentation (May 2022)
12 slides from Battalion Oil's investor presentation, May 2022
Slide 1: AGI: A Comprehensive Gas Treating Solution
AGI: A COMPREHENSIVE GAS TREATING SOLUTION M AY 2 0 2 2
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer: Forward Looking Statements This presentation contains forward-looking statements that are intended to be covered by the safe harbor within the meaning of the Private Securities Litigation Reform Act of 1995 as stated in Section 27A of the Securities Act of 1933, as amended (the “Securiti
Slide 3: Acid Gas Injection – A Comprehensive Solution
Acid Gas Injection – A Comprehensive Solution We and Caracara Services have announced a joint venture to construct and operate a strategic acid gas treatment facility Deal Summary Comprehensive solution for current and future acid gas treating needs Partner Caracara Services, LLC (“Caracara”) Joint
Slide 4: Joint Venture Summary
Joint Venture Summary Joint Venture Overview Facility Location Under the JV Agreement: § Facility will include an amine treater and one permitted AGI well supported by Battalion-owned sour Winkler gas compression and gas gathering pipelines with downstream pipeline interconnects o Initial Phase 1 fa
Slide 5: Process Overview
Process Overview The Facility design is based on decades-old proven technology with leading edge enhancements to safely treat and inject high concentrations of H2S and CO2 AGI Well H2S & CO2 Wellhead Everest Central Amine Treating Production Processing Facility Facility Treated Gas Note: Amine Treat
Slide 6: Status Update
Status Update Significant progress has been made on the AGI and amine treater facility prior to the announcement Select Milestones Gas Treating Agreement Executed Milestone Timing Gas Treating Agreement Executed Surveys Complete & Site Work Initiated Facility Drafting and Planning In Progress Long L
Slide 7: Appendix
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Slide 8: Battalion Oil Corporation: Delaware Pure-Play
Battalion Oil Corporation: Delaware Pure-Play Market Snapshot § Pure Play Delaware Basin Operator (~40,400 net acres) Pure Play NYSE American Symbol: BATL § Well performance competes with best in the basin (~1,100 Mboe per well EUR) Market Cap: $311 million3 E&P § Deep inventory of high rate of retu
Slide 9: BATL Plans: Roadmap to Growth
BATL Plans: Roadmap to Growth Battalion Strategy Develop our liquids-rich acreage positions to grow production and reserves efficiently Enhance returns through continued improvements in operational and cost efficiencies Maintain financial flexibility Attain growth through strategic business combinat
Slide 10: Commitment to Operational Excellence
Commitment to Operational Excellence1 Monument Draw Drilling Performance Pump Efficiency (Hours/Day) 20 0 YTD 2022 Wells 18.3 FY 2021 Wells 18 2,500 2019/2020 Wells 16.8 16.5 16 5,000 14 7,500 PUMP RATE (HRS/DAY) 12 10,000 DEPTH (FT) 10 12,500 8 15,000 6 17,500 4 20,000 2 22,500 0 0 10 20 30 40 50 6
Slide 11: ESG Initiatives
ESG Initiatives Environment Social Governance Committed to sustainability through Committed to a culture of safety and Committed to accountability, risk reduced flaring, spills and emissions supporting communities where we operate management and ethical behavior § AGI will be able to fully capture a
Slide 12: Contact: Chris Lang
Contact: Chris Lang (832) 538-0551