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-0.0024038461538461 -0.0024038461538461 -0.00701923076923085 0.0024038461538461 0.0192307692307692 0.00480769230769242 -0.0143990384615384 0.0336298076923077
Stock impact report

MCM Energy Partners Completes Acquisition of Delaware Basin Crude Oil and Natural Gas Assets From Battalion Oil Corporation [Yahoo! Finance]

Battalion Oil Corporation (BATL) 
Company Research Source: Yahoo! Finance
has closed the acquisition of crude oil and natural gas assets from Battalion Oil Corporation ("Battalion"). This acquisition represents a significant step in MCM's strategy to build a premier, multi-bench development platform in the core of the Permian Basin, one of the most economic and robust oil and gas regions in North America. In conjunction with the closing of the acquisition, MCM entered into a new senior secured credit facility with Valor Upstream Credit Partners II, L.P., a dedicated upstream credit fund managed by Breakwall Capital LP ("Breakwall") in partnership with Vitol. Asset Overview MCM's newly acquired assets include approximately 6,207 net acres in the West Quito Draw area of Ward County, Texas, in the Southern Delaware Basin. The transaction expands MCM's position across multiple benches and adds meaningful operated inventory, an established production base, and significant development upside to its existing footprint in Ward County, where it is actively dri Show less Read more
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