Houston-based Battalion Oil said recently it agreed to sell substantially all its oil and gas properties and related assets in West Quito Draw area in southern Delaware Basin to MCM Delaware Resources for $62.59 million. The package includes 6,207 net acres and 8 million barrels of oil equivalent in Ward County representing 12.4 percent of Battalion’s yearend 2024 proved reserves.
The transaction is expected to close in 2026 first quarter with effective date of Dec. 1, 2025. Reuters said Battalion plans to use the proceeds to repay outstanding debt and for general corporate purposes.
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