Battalion Oil Q2 Earnings: Facing Substantial Debt Challenges (NYSE:BATL)


Oil pumps at the horizon.

Torsten Asmus

Battalion Oil (NYSE:BATL) recently reported its Q2 2023 earnings after a delay attributed to its former CFO suddenly leaving the company in early August. Battalion’s recent wells have performed solidly and it should see substantial cost savings

Type

Barrels/Mcf

$ Per Barrel/Mcf

$ Million

Oil

1,166,100

$77.00

$90

NGLs

570,400

$20.50

$12

Gas

3,992,800

$2.25

$9

Hedge Value

$-10

Total

$101

$ Million

Lease Operating and Workover

$26

Production Taxes

$7

Cash G&A

$5

Gathering and Other

$33

Cash Interest

$14

Capital Expenditures

$2

Total

$87

Type

Barrels/Mcf

$ Per Barrel/Mcf

$ Million

Oil

2,000,000

$75.00

$150

NGLs

1,000,000

$21.00

$21

Gas

7,000,000

$2.90

$20

Hedge Value

$-22

Total

$169

$ Million

Lease Operating and Workover

$50

Production Taxes

$13

Cash G&A

$10

Gathering and Other

$36

Cash Interest

$23

Capital Expenditures

$5

Total

$137

Quarter End Amount ($ Million)
Q2 2023 $26.0
Q3 2023 $65.0
Q4 2023 $67.6
Q1 2024 $70.3
Q2 2024 $73.2
Q3 2024 $76.1
Q4 2024 $79.1



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