2022 Q3 Form 10-Q Financial Statement

#000155837022012665 Filed on August 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $99.15M $101.5M $81.60M
YoY Change 22.68% 57.71% 46.98%
Cost Of Revenue $14.82M $13.29M $12.39M
YoY Change 14.3% 21.54% 23.56%
Gross Profit $84.33M $88.22M $69.21M
YoY Change 24.29% 65.11% 52.15%
Gross Profit Margin 85.05% 86.91% 84.82%
Selling, General & Admin $10.11M $9.960M $9.936M
YoY Change 33.51% 43.45% 23.91%
% of Gross Profit 11.99% 11.29% 14.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.61M $12.60M $10.22M
YoY Change 25.08% 12.02% -3.54%
% of Gross Profit 16.15% 14.28% 14.77%
Operating Expenses $40.39M $38.43M $35.41M
YoY Change 17.44% 18.16% 11.41%
Operating Profit $43.94M $49.79M $33.80M
YoY Change 31.33% 138.15% 146.62%
Interest Expense $61.95M -$36.74M -$126.5M
YoY Change -375.7% -33.0% 168.78%
% of Operating Profit 141.01% -73.8% -374.37%
Other Income/Expense, Net $61.95M -$36.74M -$126.5M
YoY Change -403.64% -33.0% 168.78%
Pretax Income $105.9M $13.05M -$92.74M
YoY Change 711.28% -138.45% 177.88%
Income Tax
% Of Pretax Income
Net Earnings $105.9M $13.05M -$92.74M
YoY Change 711.28% -138.45% 177.88%
Net Earnings / Revenue 106.8% 12.85% -113.65%
Basic Earnings Per Share $6.48 $0.80 -$5.69
Diluted Earnings Per Share $6.42 $0.79 -$5.69
COMMON SHARES
Basic Shares Outstanding 16.34M 16.34M 16.30M
Diluted Shares Outstanding 16.48M 16.51M 16.30M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.50M $43.64M $43.49M
YoY Change 1693.31% 2893.14% 2502.45%
Cash & Equivalents $33.50M $43.64M $43.49M
Short-Term Investments
Other Short-Term Assets $44.00K $1.000K $61.00K
YoY Change -82.33% -99.5% -98.13%
Inventory
Prepaid Expenses $573.0K $536.0K $817.0K
Receivables $39.87M $53.00M $43.38M
Other Receivables $3.426M $5.781M $3.179M
Total Short-Term Assets $92.61M $103.9M $91.88M
YoY Change 110.29% 145.44% 106.61%
LONG-TERM ASSETS
Property, Plant & Equipment $3.151M $3.018M $2.548M
YoY Change 50.48% 39.66% -99.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.789M $3.972M $5.195M
YoY Change 7890.0% 605.51% 527.42%
Other Assets $2.933M $3.329M $1.973M
YoY Change 7.16% 14.67% 0.31%
Total Long-Term Assets $384.9M $345.4M $318.9M
YoY Change 26.12% 11.61% 4.18%
TOTAL ASSETS
Total Short-Term Assets $92.61M $103.9M $91.88M
Total Long-Term Assets $384.9M $345.4M $318.9M
Total Assets $477.5M $449.2M $410.8M
YoY Change 36.74% 27.71% 17.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.91M $68.47M $58.80M
YoY Change 31.9% 39.57% 19.81%
Accrued Expenses $36.67M $29.24M $22.94M
YoY Change 197.7% 79.23% -8.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $25.04M $15.00M $5.000M
YoY Change 16706.04% 579.04% 135.52%
Total Short-Term Liabilities $166.9M $204.9M $190.0M
YoY Change 23.47% 47.35% 59.96%
LONG-TERM LIABILITIES
Long-Term Debt $179.4M $188.4M $177.5M
YoY Change 15.72% 15.57% 14.43%
Other Long-Term Liabilities $960.0K $1.408M $1.971M
YoY Change -95.59% -94.6% -90.02%
Total Long-Term Liabilities $180.3M $189.8M $179.4M
YoY Change 16.34% 16.43% 2.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $166.9M $204.9M $190.0M
Total Long-Term Liabilities $180.3M $189.8M $179.4M
Total Liabilities $347.3M $394.6M $369.4M
YoY Change 19.66% 30.66% 25.83%
SHAREHOLDERS EQUITY
Retained Earnings -$242.3M -$348.2M -$361.2M
YoY Change -17.7% 13.24%
Common Stock $2.000K $2.000K $2.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $91.34M -$15.41M -$29.05M
YoY Change
Total Liabilities & Shareholders Equity $477.5M $449.2M $410.8M
YoY Change 36.74% 27.71% 17.17%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $105.9M $13.05M -$92.74M
YoY Change 711.28% -138.45% 177.88%
Depreciation, Depletion And Amortization $13.61M $12.60M $10.22M
YoY Change 25.08% 12.02% -3.54%
Cash From Operating Activities $25.48M $16.29M $12.05M
YoY Change 41.31% 3.46% -9.81%
INVESTING ACTIVITIES
Capital Expenditures -$35.87M -$36.40M -$15.68M
YoY Change 273.17% 52.93% 13.72%
Acquisitions
YoY Change
Other Investing Activities $71.00K $256.0K $160.0K
YoY Change 121.88% -271.81% 5233.33%
Cash From Investing Activities -$35.79M -$36.14M -$15.84M
YoY Change 273.67% 50.91% 24.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $85.00K
YoY Change -99.55%
Cash From Financing Activities 97.00K 19.99M -925.0K
YoY Change -101.21% 150.08% -71.65%
NET CHANGE
Cash From Operating Activities 25.48M 16.29M 12.05M
Cash From Investing Activities -35.79M -36.14M -15.84M
Cash From Financing Activities 97.00K 19.99M -925.0K
Net Change In Cash -10.22M 138.0K -4.722M
YoY Change -2591.71% -164.79% 79.95%
FREE CASH FLOW
Cash From Operating Activities $25.48M $16.29M $12.05M
Capital Expenditures -$35.87M -$36.40M -$15.68M
Free Cash Flow $61.35M $52.68M $27.73M
YoY Change 121.92% 33.23% 2.14%

Facts In Submission

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CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
449215000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
390267000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
63705000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-92744000
CY2022Q1 batl Purchase Of Shares To Cover Individuals Tax Withholding Value
PurchaseOfSharesToCoverIndividualsTaxWithholdingValue
461000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
452000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-29048000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
13047000
CY2022Q2 batl Purchase Of Shares To Cover Individuals Tax Withholding Value
PurchaseOfSharesToCoverIndividualsTaxWithholdingValue
6000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
594000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-15413000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
89958000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-33375000
CY2021Q1 batl Purchase Of Shares To Cover Individuals Tax Withholding Value
PurchaseOfSharesToCoverIndividualsTaxWithholdingValue
264000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
692000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
57011000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-33929000
CY2021Q2 batl Purchase Of Shares To Cover Individuals Tax Withholding Value
PurchaseOfSharesToCoverIndividualsTaxWithholdingValue
5000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
571000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
23648000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
13052000
CY2021Q3 batl Purchase Of Shares To Cover Individuals Tax Withholding Value
PurchaseOfSharesToCoverIndividualsTaxWithholdingValue
22000
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
565000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
37243000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
25935000
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
527000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
63705000
us-gaap Profit Loss
ProfitLoss
-79697000
us-gaap Profit Loss
ProfitLoss
-67304000
us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
22821000
us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
21844000
us-gaap Share Based Compensation
ShareBasedCompensation
857000
us-gaap Share Based Compensation
ShareBasedCompensation
1079000
batl Unrealized Gain Loss On Derivatives Net Of Premium Amortization
UnrealizedGainLossOnDerivativesNetOfPremiumAmortization
-78201000
batl Unrealized Gain Loss On Derivatives Net Of Premium Amortization
UnrealizedGainLossOnDerivativesNetOfPremiumAmortization
-70869000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1807000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
96000
batl Reorganization Items Non Cash
ReorganizationItemsNonCash
-744000
batl Accrued Settlements On Derivative Contracts
AccruedSettlementsOnDerivativeContracts
14652000
batl Accrued Settlements On Derivative Contracts
AccruedSettlementsOnDerivativeContracts
6972000
batl Change In Fair Value Of Change Of Control Call Option
ChangeInFairValueOfChangeOfControlCallOption
-2595000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
287000
us-gaap Increase Decrease In Accounts Receivable
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12596000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5488000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-438000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
441000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1856000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28333000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29100000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
51377000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
37593000
batl Proceeds Payments From Sale Of Oil And Gas Property And Equipment
ProceedsPaymentsFromSaleOfOilAndGasPropertyAndEquipment
926000
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
705000
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
96000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-51986000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36669000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
20000000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
82000000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
85000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
77000000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
379000
batl Payment Of Offering Costs And Other
PaymentOfOfferingCostsAndOther
467000
batl Payment Of Offering Costs And Other
PaymentOfOfferingCostsAndOther
268000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
19069000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4732000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4584000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2837000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48359000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4295000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43775000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1458000
batl Cash Paid Received For Reorganization Items
CashPaidReceivedForReorganizationItems
744000
us-gaap Lease Cost
LeaseCost
2353000
us-gaap Operating Lease Payments
OperatingLeasePayments
196000
us-gaap Operating Lease Payments
OperatingLeasePayments
328000
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y4M24D
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y2M12D
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Use of Estimates</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the respective reporting periods. Estimates and assumptions that, in the opinion of management of the Company, are significant include oil and natural gas revenue accruals, capital and operating expense accruals, oil and natural gas reserves, depletion relating to oil and natural gas properties, asset retirement obligations, and fair value estimates. The Company bases its estimates and judgments on historical experience and on various other assumptions and information believed to be reasonable under the circumstances. Estimates and assumptions about future events and their effects cannot be predicted with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes. Actual results may differ from the estimates and assumptions used in the preparation of the Company’s unaudited condensed consolidated financial statements.</p>
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0429
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0370
us-gaap Lease Cost
LeaseCost
4199000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43640000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46864000
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
135000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
1495000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43775000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48359000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The Company’s primary concentrations of credit risk are the risks of uncollectible accounts receivable and of nonperformance by counterparties under the Company’s derivative contracts. Each reporting period, the Company assesses the recoverability of material receivables using historical data, current market conditions and reasonable and supportable forecasts of future economic conditions to determine expected collectability of its material receivables.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company’s exposure to credit risk under its derivative contracts is varied among major financial institutions with investment grade credit ratings, where it has master netting agreements which provide for offsetting of amounts </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">payable or receivable between the Company and the counterparty. To manage counterparty risk associated with derivative contracts, the Company selects and monitors counterparties based on an assessment of their financial strength and/or credit ratings. At June 30, 2022, the Company’s derivative counterparties include two major financial institutions, both of which are secured lenders under the Term Loan Agreement.</p>
CY2022Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P2Y3M18D
CY2021Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P2Y3M18D
us-gaap Operating Lease Cost
OperatingLeaseCost
196000
us-gaap Operating Lease Cost
OperatingLeaseCost
235000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
4003000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1889000
us-gaap Variable Lease Cost
VariableLeaseCost
229000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
162000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
196000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
359000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
555000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
539000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
377000
batl Crude Oil Average Price
CrudeOilAveragePrice
85.82
batl Natural Gas Price
NaturalGasPrice
5.13
batl Crude Oil Average Price
CrudeOilAveragePrice
49.72
batl Natural Gas Price
NaturalGasPrice
2.43
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
203372000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
181650000
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
188372000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
181565000
CY2022Q2 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
15000000.0
batl Fair Value Measurement Asset Transfers Between Levels
FairValueMeasurementAssetTransfersBetweenLevels
0
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
10118000
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3898000
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
149888000
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
65466000
CY2022Q2 batl Derivative Fair Value Of Derivative Asset Not Offset Against Derivative Assets
DerivativeFairValueOfDerivativeAssetNotOffsetAgainstDerivativeAssets
10118000
CY2021Q4 batl Derivative Fair Value Of Derivative Asset Not Offset Against Derivative Assets
DerivativeFairValueOfDerivativeAssetNotOffsetAgainstDerivativeAssets
3898000
CY2022Q2 batl Derivative Fair Value Of Derivative Liability Not Offset Against Derivative Liabilities
DerivativeFairValueOfDerivativeLiabilityNotOffsetAgainstDerivativeLiabilities
10118000
CY2021Q4 batl Derivative Fair Value Of Derivative Liability Not Offset Against Derivative Liabilities
DerivativeFairValueOfDerivativeLiabilityNotOffsetAgainstDerivativeLiabilities
3898000
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
139770000
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
61568000
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
11896000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
103000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
132000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
220000
CY2022Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
12087000
CY2022Q2 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
3300000
CY2022Q2 us-gaap Purchase Obligation
PurchaseObligation
1700000
batl Purchase Commitment Early Termination Fee
PurchaseCommitmentEarlyTerminationFee
600000
CY2022Q2 us-gaap Purchase Obligation
PurchaseObligation
1700000
CY2019Q4 batl Warrants Issued During Period
WarrantsIssuedDuringPeriod
6900000
CY2022Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1
CY2022Q2 batl Annualized Rate Of Increase To Strike Price Of Warrants Issued Under Warrants Agreement.
AnnualizedRateOfIncreaseToStrikePriceOfWarrantsIssuedUnderWarrantsAgreement.
0.0675
CY2022Q2 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P3Y
CY2022Q2 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2022-10-08
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13047000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-33929000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-79697000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-67304000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16338000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16268000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16320000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16250000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.88
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.14
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13047000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-33929000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-79697000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-67304000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16338000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16268000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16320000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16250000
CY2022Q2 batl Incremental Common Shares Attributable To Restricted Shares
IncrementalCommonSharesAttributableToRestrictedShares
172000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16510000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16268000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16320000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16250000
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.88
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.14
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7400000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7700000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7700000
CY2022Q2 batl Oil And Natural Gas Revenues Receivable Current
OilAndNaturalGasRevenuesReceivableCurrent
47221000
CY2021Q4 batl Oil And Natural Gas Revenues Receivable Current
OilAndNaturalGasRevenuesReceivableCurrent
34110000
CY2022Q2 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
5590000
CY2021Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
2503000
CY2022Q2 batl Other Receivables Increase Decrease Net Current
OtherReceivablesIncreaseDecreaseNetCurrent
191000
CY2021Q4 batl Other Receivables Increase Decrease Net Current
OtherReceivablesIncreaseDecreaseNetCurrent
193000
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
53002000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
36806000
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
536000
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
975000
CY2022Q2 batl Escrow Deposit Current
EscrowDepositCurrent
390000
CY2021Q4 batl Escrow Deposit Current
EscrowDepositCurrent
390000
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
1000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1000
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
927000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1366000
CY2022Q2 batl Investment In Unconsolidated Affiliate
InvestmentInUnconsolidatedAffiliate
1653000
CY2022Q2 batl Oil And Natural Gas Revenues Receivable Non Current
OilAndNaturalGasRevenuesReceivableNonCurrent
417000
CY2021Q4 batl Oil And Natural Gas Revenues Receivable Non Current
OilAndNaturalGasRevenuesReceivableNonCurrent
1010000
CY2022Q2 us-gaap Escrow Deposit
EscrowDeposit
1228000
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
1227000
CY2022Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
31000
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
33000
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3329000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2270000
CY2022Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
36885000
CY2021Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
25315000
CY2022Q2 batl Accrued Cost Of Oil And Gas Costs
AccruedCostOfOilAndGasCosts
20518000
CY2021Q4 batl Accrued Cost Of Oil And Gas Costs
AccruedCostOfOilAndGasCosts
4881000
CY2022Q2 batl Revenues And Royalties Payable Current
RevenuesAndRoyaltiesPayableCurrent
29534000
CY2021Q4 batl Revenues And Royalties Payable Current
RevenuesAndRoyaltiesPayableCurrent
22763000
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
57000
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
42000
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2073000
CY2022Q2 us-gaap Oil And Gas Delivery Commitments And Contracts Daily Production
OilAndGasDeliveryCommitmentsAndContractsDailyProduction
20
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3735000
CY2022Q2 batl Accrued Oil And Gas Lease Operating Expense
AccruedOilAndGasLeaseOperatingExpense
6212000
CY2021Q4 batl Accrued Oil And Gas Lease Operating Expense
AccruedOilAndGasLeaseOperatingExpense
6090000
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2055000
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
97334000
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
62826000
CY2022Q2 batl Volume Commitment Term
VolumeCommitmentTerm
P5Y

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0001558370-22-012665-xbrl.zip Edgar Link pending
batl-20220630.xsd Edgar Link pending
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