Battalion Oil agrees to sell West Quito Draw properties for $62.59M

BATTALION OIL CORP

Sale includes ~6,207 net acres in Ward County, Texas; proved reserves of ~8 MMBoe (12.4% of 2024 year-end).
Purchase price subject to adjustments; $6.26M deposit placed into escrow.
Expected close in Q1 2026; termination date March 26, 2026 if conditions not met.
Net proceeds to repay Senior Secured Credit Agreement and fund potential acquisitions or drilling.

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