Battalion Oil Corporation: Delaware Pure-Play Market Snapshot Pure Play Delaware Basin Operator (40,400 net acres) Pure Play NYSE American Symbol: BATL Well performance competes with best in the basin (1,100 Mboe per well EUR) Market…
Q4 2021 Key Financial Highlights Capitalization & Liquidity Summary Strategic Refinancing Complete Significant liquidity supporting increased 2022 capital plan 0,000 12/31/21 47 million cash on hand with 35 million undrawn capacity1…
BATL Plans: Roadmap to Growth Battalion Strategy Develop our liquids-rich acreage positions to grow production and reserves efficiently Enhance returns through continued improvements in operational and cost efficiencies Maintain…
Responsible Stewards of Capital Maintaining Capital Discipline and Cost Efficiency in Recovering Commodity Environment Driving Efficiencies in Total Well Cost per Foot1 Streamlining Corporate G&A per BOE2 2,000 8 7.57 67% reduction…
YE 2021 Reserve Summary and Drilling Inventory YE 2021 Reserves1 Premium Drilling Inventory in Monument (10,000 Lateral) Category Net Oil Net Gas Net NGL Total Capex2 PV-0 PV-10 1st/2nd Bone Spring Upside MMBbl Bcf MMBbl MMBoe MM MM…
ESG Initiatives Environment Social Governance Committed to sustainability through Committed to a culture of safety and Committed to accountability, risk reduced flaring, spills and emissions supporting communities where we operate…
Appendix
Hedge Summary As Battalion returns to development, the Companys hedge strategy is to heavily hedge base production and protect returns on future wells by hedging expected production as capital is committed Consolidated Crude Oil…
Commitment to Capital Discipline and Execution Monument Draw Drilling Performance Total Well Cost per Lateral Foot1 0' 2,000 2021 Actual 1,597 2019/2020 BATL Wells 2,500' 1,500 Previous HK and Offset Wells 1,306 1,111 5,000'…
Selected Operating Data Three Months Ended Years Ended December 31, December 31, 2021 2020 2021 2020 Production volumes: Crude oil (MBbls) 800 857 3,196 3,446 Natural gas (MMcf) 2,670 2,332 9,447 8,769 Natural gas liquids (MBbls)…
Selected Operating Data (/Boe) Three Months Ended Years Ended December 31, December 31, 2021 2020 2021 2020 Average cost per Boe: Production: Lease operating 7.77 5.80 7.42 6.82 Workover and other 0.57 0.59 0.54 0.60 Taxes other…
Adjusted EBITDA Reconciliation (in thousands) Three Months Ended December 31, Years Ended December 31, 2021 2020 2021 2020 Net income (loss), as reported 25,935 (63,757) (28,317) (229,707) Impact of adjusting items: Interest…
PV-10 Reconciliation PV-10 is a non-GAAP financial measure and represents the present value of estimated future cash inflows from proved oil and gas reserves, less future development and production costs, discounted at 10% per annum to…
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