BATTALION OIL CORP

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

BATL$0.75-0.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated balance sheets

(In thousands, except share and per share amounts)


	December 31, 2023		December 31, 2022
Current assets:
Cash and cash equivalents		$57,529		$32,726
Accounts receivable, net		23,021		37,974
Assets from derivative contracts		8,992		16,244
Restricted cash		90		90
Prepaids and other		907		1,131
Total current assets		90,539		88,165
Oil and natural gas properties (full cost method):
Evaluated		755,482		713,585
Unevaluated		58,909		62,621
Gross oil and natural gas properties		814,391		776,206
Less - accumulated depletion		(445,975)		(390,796)
Net oil and natural gas properties		368,416		385,410
Other operating property and equipment:
Other operating property and equipment		4,640		4,434
Less - accumulated depreciation		(1,817)		(1,209)
Net other operating property and equipment		2,823		3,225
Other noncurrent assets:
Assets from derivative contracts		4,877		5,379
Operating lease right of use assets		1,027		352
Other assets		17,656		2,827
Total assets		$485,338		$485,358

Current liabilities:
Accounts payable and accrued liabilities		$66,525		$100,095
Liabilities from derivative contracts		17,191		29,286
Current portion of long-term debt		50,106		35,067
Operating lease liabilities		594		352
Asset retirement obligations		—		225
Total current liabilities		134,416		165,025
Long-term debt, net		140,276		182,676
Other noncurrent liabilities:
Liabilities from derivative contracts		16,058		33,649
Asset retirement obligations		17,458		15,244
Operating lease liabilities		490		—
Other		2,084		4,136
Commitments and contingencies (Note 10)
Temporary equity:
Series A redeemable convertible preferred stock: 98,000 shares of $0.0001
par value authorized, issued and outstanding as of December 31, 2023		106,535		—
Stockholders' equity:
Common stock: 100,000,000 shares of $0.0001 par value authorized;
16,456,563 and 16,344,815 shares issued and outstanding as of
December 31, 2023 and 2022, respectively		2		2
Additional paid-in capital		321,012		334,571
Accumulated deficit		(252,993)		(249,945)
Total stockholders' equity		68,021		84,628
Total liabilities and stockholders' equity		$485,338		$485,358

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.