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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

BATTALION OIL CORP entered into Agreement of Sale and Purchase with MCM Delaware Resources, LLC valued at Total purchase price approximately $62.59 million (effective 2025-12-18).

Action: entry
Agreement: asset purchase
Counterparty: MCM Delaware Resources, LLC
Value: Total purchase price approximately $62.59 million
Effective: 2025-12-18

Exact text from the filing

On December 18, 2025, certain subsidiaries of Battalion Oil Corporation (the “ Company ”) entered into an Agreement of Sale and Purchase (the “ Sale Agreement ”) with MCM Delaware Resources, LLC (“ MCM ”) pursuant to which the Company agreed to a sale of substantially all of its oil and natural gas properties and related assets in its West Quito Draw area located in the Southern Delaware Basin located in Ward County, Texas (the “ West Quito Assets ”) for a total purchase price of approximately $62.59 million.

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BATTALION OIL CORP filing history →

Source: SEC EDGAR

accession 0001104659-25-123349

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