Battalion Oil Corporation (RAQB)
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Battalion Oil Corporation Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Matthew B. Steele CEO | XFRA Exchange | US07134L1070 ISIN |
| US Country | 38 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Battalion Oil Corporation, initially known as Halcón Resources Corporation until its rebranding in January 2020, stands as an independent energy enterprise committed to the acquisition, exploration, development, and production of onshore oil and natural gas assets across the United States. Its foundation year traces back to 1987, and since then, it has entrenched its operations with a focus on the prolific Delaware Basin. This basin spans across the counties of Pecos, Ward, Reeves, and Winkler in Texas, a considerable strategic area for oil and natural gas extraction. Headquartered in Houston, Texas, a hub for energy companies, Battalion Oil Corporation has carved a niche for itself in the competitive energy sector by targeting high-potential areas for exploration and production, aligning with its growth and sustainability goals.
Products and Services
The core offerings of Battalion Oil Corporation revolve around the exploration and production of oil and natural gas. Below is a detailed exploration of its services:
- Oil and Natural Gas Exploration: A principal service that involves rigorous geological surveying, drilling, and other exploratory activities to discover new reserves of oil and natural gas. Battalion Oil Corporation leverages advanced technological tools and methodologies to identify and assess potential drilling sites, primarily within the strategic confines of the Delaware Basin.
- Oil and Natural Gas Production: Following the successful exploration and identification of viable reserves, the company embarks on the production phase. This encompasses deploying extraction technologies and processes to recover oil and natural gas from the ground. The production process is calibrated to maximize yield while adhering to environmental and safety standards, ensuring sustainable operation practices.
- Asset Acquisition and Development: An ongoing strategic activity that involves the procurement of promising onshore assets and the development of existing properties. By continuously evaluating and investing in new assets, Battalion Oil Corporation aims to expand its operational footprint and increase its production capabilities, ensuring a steady supply to meet the demands of its diverse customer base.
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