Research Reports

Summary

Battalion Oil Corporation closed its acquisition of approximately 7,090 net acres in Ward County, Texas from RoadRunner Resource Holding LLC on March 19, 2026, via an all-stock transaction issuing 485,000 shares. This expands the Company's Monument Draw position to 27,097 acres, adding 30 high-quality net drilling locations and operational efficiencies.

Key takeaways

Closed acquisition of 7,090 net acres in Ward County, Texas from RoadRunner Resource Holding LLC (formerly Sundown Energy LP) on March 19, 2026
Issued 485,000 shares of common stock as consideration, subject to customary closing adjustments
Effective date of acquisition: March 1, 2026
Expands Monument Draw position from 20,007 acres to 27,097 acres
Adds 30 high-quality net locations targeting Wolfcamp A, Wolfcamp B, and 3rd Bone Spring
Includes interest in existing Battalion-operated well valued at approximately $700,000 on 10% discounted NPV basis