- Battalion refinanced its debt, paying off its old credit facility and taking on higher interest rate debt that results in more liquidity.
- It is investing in Monument Draw production growth.
- Monument Draw wells should pay off in a year or less at current strip.
- If Battalion is successful with its strategy, its value could be in the $20s in a couple years with longer-term $65 to $70 oil.
- A crash in oil prices and/or weaker than expected well performance could result in trouble with its new term loan though.
For further details see:
Battalion Oil: Aiming For Quick Well Paybacks In Monument Draw