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Battalion Oil's Business Segments
Battalion Oil's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
3
Largest Segment
Oil
Total Revenue
$ 48
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Oil0%
- Natural Gas Liquids Reserves20.8%
- Natural Gas0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Oil | $ 85 | - |
| Natural Gas Liquids Reserves | $ 10 | 20.8% |
| Natural Gas | $ -8 | - |
Revenue by Product & Service Category - FY
- Oil92.6%
- Natural Gas Liquids Reserves10.9%
- Natural Gas0%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Oil | $ 36 | 92.6% |
| Natural Gas Liquids Reserves | $ 4 | 10.9% |
| Natural Gas | $ -1 | - |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Annual Results
Revenue Share by Reportable Segment - FY
- Oil0%
- Natural Gas Liquids Reserves20.8%
- Natural Gas0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Oil | $ 85 | - |
| Natural Gas Liquids Reserves | $ 10 | 20.8% |
| Natural Gas | $ -8 | - |
Description of Battalion Oil
Battalion Oil Corp is an independent energy company primarily engaged in the exploration, development, and production of oil and natural gas resources in the United States. The company is headquartered in a major oil and gas hub in Houston, Texas.
Battalion Oil Corp was founded in 2018 as a spinoff from its predecessor, Halcón Resources Corporation. With a focus on maximizing shareholder value, the company aims to grow its production, reserves, and cash flow through the efficient development of its high-quality and low-cost asset base.
The company's operations are primarily concentrated in two key areas: the Delaware Basin and the Midland Basin, both located within the prolific Permian Basin in West Texas. These areas are renowned for their rich hydrocarbon resources and favorable operating conditions, making them highly attractive for oil and gas exploration and production activities.
Battalion Oil Corp has assembled an extensive portfolio of acreage in these basins, with a strategic mix of operated and non-operated assets. The company's operated assets allow it to have full control over drilling and production decisions, providing greater flexibility and optimization opportunities.
The company's exploration and production activities are backed by a highly skilled and experienced team of professionals who possess a deep knowledge of the Permian Basin and its geology. Their expertise in reservoir characterization, drilling, completion, and production optimization enables Battalion Oil Corp to efficiently extract hydrocarbons from its assets.
Battalion Oil Corp is committed to employing advanced drilling and completion techniques to enhance production rates, maximize resource recovery, and minimize environmental impact. The company focuses on using innovative technologies, such as horizontal drilling and hydraulic fracturing, to exploit the full potential of its assets.
In addition to its core exploration and production operations, Battalion Oil Corp actively pursues strategic relationships and joint ventures with industry partners to enhance its resource base, diversify risk, and access complementary expertise. These collaborations allow the company to leverage the strengths of other players in the industry and maximize value creation.
Environmental stewardship and workplace safety are of utmost importance to Battalion Oil Corp. The company strictly adheres to regulatory standards and employs robust safety protocols to protect its employees, the environment, and the communities where it operates.
As an independent energy company, Battalion Oil Corp maintains a strong focus on financial discipline and capital efficiency. It continuously evaluates its portfolio, divesting non-core assets and reallocating capital to areas that offer the highest returns. This disciplined approach ensures the company's long-term sustainability and resilience in a dynamic and cyclical market.
Overall, Battalion Oil Corp is a dynamic and growth-oriented energy company that aims to generate value for its shareholders through the exploration, development, and production of oil and gas resources in the Permian Basin. With a strategic focus on operational excellence, resource optimization, and financial discipline, the company is well-positioned to capitalize on the vast potential of its acreage and deliver long-term success.
Battalion Oil Corp was founded in 2018 as a spinoff from its predecessor, Halcón Resources Corporation. With a focus on maximizing shareholder value, the company aims to grow its production, reserves, and cash flow through the efficient development of its high-quality and low-cost asset base.
The company's operations are primarily concentrated in two key areas: the Delaware Basin and the Midland Basin, both located within the prolific Permian Basin in West Texas. These areas are renowned for their rich hydrocarbon resources and favorable operating conditions, making them highly attractive for oil and gas exploration and production activities.
Battalion Oil Corp has assembled an extensive portfolio of acreage in these basins, with a strategic mix of operated and non-operated assets. The company's operated assets allow it to have full control over drilling and production decisions, providing greater flexibility and optimization opportunities.
The company's exploration and production activities are backed by a highly skilled and experienced team of professionals who possess a deep knowledge of the Permian Basin and its geology. Their expertise in reservoir characterization, drilling, completion, and production optimization enables Battalion Oil Corp to efficiently extract hydrocarbons from its assets.
Battalion Oil Corp is committed to employing advanced drilling and completion techniques to enhance production rates, maximize resource recovery, and minimize environmental impact. The company focuses on using innovative technologies, such as horizontal drilling and hydraulic fracturing, to exploit the full potential of its assets.
In addition to its core exploration and production operations, Battalion Oil Corp actively pursues strategic relationships and joint ventures with industry partners to enhance its resource base, diversify risk, and access complementary expertise. These collaborations allow the company to leverage the strengths of other players in the industry and maximize value creation.
Environmental stewardship and workplace safety are of utmost importance to Battalion Oil Corp. The company strictly adheres to regulatory standards and employs robust safety protocols to protect its employees, the environment, and the communities where it operates.
As an independent energy company, Battalion Oil Corp maintains a strong focus on financial discipline and capital efficiency. It continuously evaluates its portfolio, divesting non-core assets and reallocating capital to areas that offer the highest returns. This disciplined approach ensures the company's long-term sustainability and resilience in a dynamic and cyclical market.
Overall, Battalion Oil Corp is a dynamic and growth-oriented energy company that aims to generate value for its shareholders through the exploration, development, and production of oil and gas resources in the Permian Basin. With a strategic focus on operational excellence, resource optimization, and financial discipline, the company is well-positioned to capitalize on the vast potential of its acreage and deliver long-term success.
Battalion Oil Corp is a dynamic company engaged in the exploration, development, and production of oil and natural gas. The company primarily operates in the United States and focuses on key segments that encompass a broad range of activities in the upstream sector of the oil and gas industry.
Segments
1. Exploration and Production (E&P):
- Exploration: Battalion Oil Corp undertakes geological surveys and seismic studies to identify potential oil and gas reserves. This segment involves extensive research and drilling to assess the viability of discovered resources.
- Production: Once viable reserves are identified, the company engages in production activities, extracting hydrocarbons from the ground. This involves operating oil and gas wells and managing facilities designed to process these resources.
2. Development:
- This segment focuses on the planning and infrastructure required to bring new wells online. Battalion Oil Corp manages drilling rigs, well completion activities, and the installation of necessary production equipment. Development operations are crucial for establishing efficient extraction processes and maximizing resource yield.
3. Asset Management:
- The company also excels in managing its existing portfolio of oil and gas assets. This includes evaluating the performance of different fields, optimizing production rates, and ensuring that all operations comply with environmental and safety regulations.
Products
1. Crude Oil:
- Battalion Oil Corp produces various grades of crude oil, which are essential commodities in the energy market. The crude is sold to refineries for conversion into gasoline, diesel, and other petroleum products.
2. Natural Gas:
- The company extracts and markets natural gas, which is a vital energy source for heating, electricity generation, and industrial applications. Natural gas production often accompanies oil extraction and is handled through established distribution channels.
3. Natural Gas Liquids (NGLs):
- As a byproduct of natural gas processing, Battalion Oil Corp also deals with natural gas liquids such as ethane, propane, and butane. These products are used in various applications, including petrochemical production and heating.
4. Water Services:
- The company provides water sourcing and management services required for hydraulic fracturing operations. This includes the procurement, transportation, and disposal of water used in drilling processes.
Services
1. Drilling Services:
- Battalion Oil Corp has capabilities in well drilling, leveraging advanced techniques and technology to optimize drilling efficiency and safety. Their expertise allows for the efficient drilling of both vertical and horizontal wells, catering to various geological conditions.
2. Completion Services:
- Following drilling, the company offers well completion services aimed at preparing the well for production. This involves processes such as casing installation, perforation, and hydraulic fracturing.
3. Field Operations Management:
- The company provides comprehensive management of field operations, overseeing day-to-day activities at production sites, including workforce management, equipment maintenance, and compliance with safety standards.
4. Technical Support:
- Battalion Oil Corp offers technical expertise in areas such as reservoir engineering, production optimization, and environmental management, ensuring that operations are efficient and sustainable.
5. Health, Safety, and Environmental (HSE) Services:
- The company prioritizes HSE practices, implementing robust management systems to ensure safe operations while minimizing environmental impact. Regular training and assessments are conducted to comply with regulations and best practices.
Conclusion
In summary, Battalion Oil Corp is a comprehensive player in the oil and gas sector with a focus on exploration, production, asset management, and a suite of services designed to facilitate efficient and sustainable operations. Their products range from crude oil and natural gas to valuable by-products like NGLs, underpinned by a commitment to safety and environmental stewardship. This extensive portfolio enables Battalion Oil Corp to maintain a competitive edge in the ever-evolving energy market.
Segments
1. Exploration and Production (E&P):
- Exploration: Battalion Oil Corp undertakes geological surveys and seismic studies to identify potential oil and gas reserves. This segment involves extensive research and drilling to assess the viability of discovered resources.
- Production: Once viable reserves are identified, the company engages in production activities, extracting hydrocarbons from the ground. This involves operating oil and gas wells and managing facilities designed to process these resources.
2. Development:
- This segment focuses on the planning and infrastructure required to bring new wells online. Battalion Oil Corp manages drilling rigs, well completion activities, and the installation of necessary production equipment. Development operations are crucial for establishing efficient extraction processes and maximizing resource yield.
3. Asset Management:
- The company also excels in managing its existing portfolio of oil and gas assets. This includes evaluating the performance of different fields, optimizing production rates, and ensuring that all operations comply with environmental and safety regulations.
Products
1. Crude Oil:
- Battalion Oil Corp produces various grades of crude oil, which are essential commodities in the energy market. The crude is sold to refineries for conversion into gasoline, diesel, and other petroleum products.
2. Natural Gas:
- The company extracts and markets natural gas, which is a vital energy source for heating, electricity generation, and industrial applications. Natural gas production often accompanies oil extraction and is handled through established distribution channels.
3. Natural Gas Liquids (NGLs):
- As a byproduct of natural gas processing, Battalion Oil Corp also deals with natural gas liquids such as ethane, propane, and butane. These products are used in various applications, including petrochemical production and heating.
4. Water Services:
- The company provides water sourcing and management services required for hydraulic fracturing operations. This includes the procurement, transportation, and disposal of water used in drilling processes.
Services
1. Drilling Services:
- Battalion Oil Corp has capabilities in well drilling, leveraging advanced techniques and technology to optimize drilling efficiency and safety. Their expertise allows for the efficient drilling of both vertical and horizontal wells, catering to various geological conditions.
2. Completion Services:
- Following drilling, the company offers well completion services aimed at preparing the well for production. This involves processes such as casing installation, perforation, and hydraulic fracturing.
3. Field Operations Management:
- The company provides comprehensive management of field operations, overseeing day-to-day activities at production sites, including workforce management, equipment maintenance, and compliance with safety standards.
4. Technical Support:
- Battalion Oil Corp offers technical expertise in areas such as reservoir engineering, production optimization, and environmental management, ensuring that operations are efficient and sustainable.
5. Health, Safety, and Environmental (HSE) Services:
- The company prioritizes HSE practices, implementing robust management systems to ensure safe operations while minimizing environmental impact. Regular training and assessments are conducted to comply with regulations and best practices.
Conclusion
In summary, Battalion Oil Corp is a comprehensive player in the oil and gas sector with a focus on exploration, production, asset management, and a suite of services designed to facilitate efficient and sustainable operations. Their products range from crude oil and natural gas to valuable by-products like NGLs, underpinned by a commitment to safety and environmental stewardship. This extensive portfolio enables Battalion Oil Corp to maintain a competitive edge in the ever-evolving energy market.