BATTALION OIL CORP (BATL): M&A transaction — Battalion Oil completes $60.1M sale of West Quito assets; to prepay $40M debt

BATTALION OIL CORP

Sold West Quito Draw assets in Ward County, TX for ~$60.1M cash; effective Dec 1, 2025.
Net proceeds used to mandatory prepay $40M of outstanding loans under credit agreement.
Remaining proceeds may be reinvested in capex for operated assets under amended credit agreement.
Sale represents ~12.4% of year-end 2024 proved reserves (8 MMBoe).
Credit agreement amended to consent to sale, require prepayment; lenders waived default.

item 1.01 item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BATTALION OIL CORP completed a disposition involving MCM Delaware Resources, LLC for $60.1 million (closed 2026-02-24).

Action: disposition
Counterparty: MCM Delaware Resources, LLC
Consideration: $60.1 million
Closing: 2026-02-24

Exact text from the filing

On February 24, 2026, in accordance with the terms of the Sale Agreement, the Company completed the West Quito Sale, for a total cash adjusted purchase price of approximately $60.1 million, subject to customary post-closing adjustments as provided in the Sale Agreement.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BATTALION OIL CORP amended Limited Consent and Third Amendment with financial institutions party thereto as lenders and Fortress Credit Corp., as administrative agent (effective 2026-02-24).

Action: amendment
Agreement: credit facility
Counterparty: financial institutions party thereto as lenders and Fortress Credit Corp., as administrative agent
Effective: 2026-02-24

Exact text from the filing

On February 24, 2026, Halcón Holdings, LLC (the “ Borrower ”), a wholly owned subsidiary of Battalion Oil Corporation (the “ Company ”), entered into a Limited Consent and Third Amendment (the “ Third Amendment ”) to its Second Amended and Restated Senior Secured Credit Agreement

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BATTALION OIL CORP filing history →

Source: SEC EDGAR

accession 0001104659-26-019336

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