secwatch.observer — SEC 8-K summary
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Issuer:     BATTALION OIL CORP (BATL)
CIK:        0001282648
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001558370-23-005109
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Battalion Oil Q4 2022 net loss $7.7M; production 15,696 Boe/d
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- Net loss to common stockholders $7.7M ($0.47/sh); adjusted net loss $2.6M ($0.16/sh).
- Q4 2022 production 15,696 Boe/d (51% oil), revenue $76.8M, vs 17,283 Boe/d and $84.5M in Q4 2021.
- Year-end 2022 proved reserves 92.0 MMBoe (54% oil, 50% developed); standardized measure $1.5B.
- Issued 25,000 shares of redeemable convertible preferred stock in March 2023 for $24.4M net proceeds.
- Hedge book: weighted average crude oil swap strike $69.17 in 2023, 36% increase over 2022 average.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282648/000155837023005109/0001558370-23-005109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282648/000155837023005109/batl-20230330x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-005109

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer