Battalion Oil (BATL) Q4 Results: Revenue Drops 35%, Asset Sale and Ward County Acquisition Reshape Portfolio

Battalion Oil Corporation (NYSE American: BATL) Reports Weak Q4 Results While Reshaping Its Asset BaseSignificant revenue decline: Battalion Oil Corporation reported a 35% year-over-year decline in fourth-quarter revenue, driven mainly by lower realized prices and lower production volumes. Revenue fell to $32.27 million from $49.65 million a year earlier.Asset sale and liquidity boost: The company completed the sale of its West Quito assets for an adjusted sales price of $60.1 million. Those assets represen ...