Houston, Texas, April 15, 2026 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company")) today announced record operating results.

Key Highlights

Completed midstream projects at the Monument Draw central production facility in Ward County ahead of schedule and approximately 8% under budget

Production throughput increased 20.3% following project completion

Most recently drilled well pad achieved record oil and equivalent production on a per-lateral-foot basis

Management Comments

Battalion recently completed multiple midstream projects in the Monument Draw area ahead of schedule and approximately 8% under budgeted costs. In addition, the Company's midstream partner has completed additional facility upgrades allowing for increased capacity across the entire asset area.  As a result of these changes, average gas flowrates have increased by more than 20%. Due to the increased midstream capacity, the Company has been able to increase flowrates on previously constrained wells. These wells continue to outperform type curve expectations, confirming significant inventory in the asset area. 

The most recent 20-day average production from the Company's most recently drilled well pad has increased ...