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Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy Partners, for approximately $62.59 million in cash. The transaction has an effective date of Dec. 1, 2025, and the closing occurred in February 2026.
The divested properties include roughly 6,200 net acres and associated producing wells. Estimated proved reserves tied to the assets account for approximately 8 million barrels of oil equivalent (MMBoe).
Proceeds from the sale will be used primarily to prepay outstanding senior secured debt, with the remainder available for general corporate purposes, including potential reinvestment in remaining assets and development opportunities.
For MCM Delaware Resources, the acquisition expands its operated footprint in the Delaware Basin and adds significant drilling inventory in Ward County, supporting ongoing development and production growth.
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