$BATL
BATTALION OIL CORP

2022 Q4 Form 10-Q Financial Statement

#000155837022017829 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $76.80M $99.15M
YoY Change -9.12% 22.68%
Cost Of Revenue $14.27M $14.82M
YoY Change 7.57% 14.3%
Gross Profit $62.53M $84.33M
YoY Change -12.22% 24.29%
Gross Profit Margin 81.42% 85.05%
Selling, General & Admin $6.111M $10.11M
YoY Change -2.86% 33.51%
% of Gross Profit 9.77% 11.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.48M $13.61M
YoY Change 22.08% 25.08%
% of Gross Profit 24.75% 16.15%
Operating Expenses $37.92M $40.39M
YoY Change 5.54% 17.44%
Operating Profit $24.61M $43.94M
YoY Change -30.3% 31.33%
Interest Expense -$32.26M $61.95M
YoY Change 248.81% -375.7%
% of Operating Profit -131.09% 141.01%
Other Income/Expense, Net $61.95M
YoY Change -403.64%
Pretax Income -$7.652M $105.9M
YoY Change -129.5% 711.28%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$7.652M $105.9M
YoY Change -129.5% 711.28%
Net Earnings / Revenue -9.96% 106.8%
Basic Earnings Per Share $6.48
Diluted Earnings Per Share -$0.47 $6.42
COMMON SHARES
Basic Shares Outstanding 16.34M 16.34M
Diluted Shares Outstanding 16.48M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.73M $33.50M
YoY Change -30.17% 1693.31%
Cash & Equivalents $32.73M $33.50M
Short-Term Investments
Other Short-Term Assets $75.00K $44.00K
YoY Change 7400.0% -82.33%
Inventory
Prepaid Expenses $715.0K $573.0K
Receivables $37.97M $39.87M
Other Receivables $3.994M $3.426M
Total Short-Term Assets $88.17M $92.61M
YoY Change 0.29% 110.29%
LONG-TERM ASSETS
Property, Plant & Equipment $3.225M $3.151M
YoY Change 32.61% 50.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.379M $8.789M
YoY Change 113.88% 7890.0%
Other Assets $2.827M $2.933M
YoY Change 24.54% 7.16%
Total Long-Term Assets $397.2M $384.9M
YoY Change 31.37% 26.12%
TOTAL ASSETS
Total Short-Term Assets $88.17M $92.61M
Total Long-Term Assets $397.2M $384.9M
Total Assets $485.4M $477.5M
YoY Change 24.37% 36.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $69.72M $63.91M
YoY Change 45.01% 31.9%
Accrued Expenses $30.73M $36.67M
YoY Change 103.27% 197.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $35.07M $25.04M
YoY Change 41155.29% 16706.04%
Total Short-Term Liabilities $165.0M $166.9M
YoY Change 35.71% 23.47%
LONG-TERM LIABILITIES
Long-Term Debt $182.7M $179.4M
YoY Change 0.61% 15.72%
Other Long-Term Liabilities $4.136M $960.0K
YoY Change 3.32% -95.59%
Total Long-Term Liabilities $186.8M $180.3M
YoY Change 0.67% 16.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $165.0M $166.9M
Total Long-Term Liabilities $186.8M $180.3M
Total Liabilities $351.8M $347.3M
YoY Change 14.54% 19.66%
SHAREHOLDERS EQUITY
Retained Earnings -$249.9M -$242.3M
YoY Change -6.91% -17.7%
Common Stock $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 $84.63M $91.34M
YoY Change
Total Liabilities & Shareholders Equity $485.4M $477.5M
YoY Change 24.37% 36.74%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$7.652M $105.9M
YoY Change -129.5% 711.28%
Depreciation, Depletion And Amortization $15.48M $13.61M
YoY Change 22.08% 25.08%
Cash From Operating Activities $24.99M $25.48M
YoY Change 16.54% 41.31%
INVESTING ACTIVITIES
Capital Expenditures $38.68M -$35.87M
YoY Change -775.72% 273.17%
Acquisitions
YoY Change
Other Investing Activities $328.0K $71.00K
YoY Change 455.93% 121.88%
Cash From Investing Activities -$38.35M -$35.79M
YoY Change 576.96% 273.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.62M 97.00K
YoY Change -58.91% -101.21%
NET CHANGE
Cash From Operating Activities 24.99M 25.48M
Cash From Investing Activities -38.35M -35.79M
Cash From Financing Activities 12.62M 97.00K
Net Change In Cash -743.0K -10.22M
YoY Change -101.6% -2591.71%
FREE CASH FLOW
Cash From Operating Activities $24.99M $25.48M
Capital Expenditures $38.68M -$35.87M
Free Cash Flow -$13.69M $61.35M
YoY Change -150.4% 121.92%

Facts In Submission

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CY2022Q3 batl Purchase Of Shares To Cover Individuals Tax Withholding Value
PurchaseOfSharesToCoverIndividualsTaxWithholdingValue
25000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
893000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
91343000
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
26191000
us-gaap Profit Loss
ProfitLoss
-54252000
us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
36436000
us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
32729000
us-gaap Share Based Compensation
ShareBasedCompensation
1540000
us-gaap Share Based Compensation
ShareBasedCompensation
1560000
batl Unrealized Gain Loss On Derivatives Net Of Premium Amortization
UnrealizedGainLossOnDerivativesNetOfPremiumAmortization
23911000
batl Unrealized Gain Loss On Derivatives Net Of Premium Amortization
UnrealizedGainLossOnDerivativesNetOfPremiumAmortization
-69053000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2726000
batl Reorganization Items Non Cash
ReorganizationItemsNonCash
-744000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
2068000
batl Accrued Settlements On Derivative Contracts
AccruedSettlementsOnDerivativeContracts
7493000
batl Accrued Settlements On Derivative Contracts
AccruedSettlementsOnDerivativeContracts
6769000
batl Change In Fair Value Of Change Of Control Call Option
ChangeInFairValueOfChangeOfControlCallOption
-3043000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
128000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
229000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1605000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8432000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-407000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-806000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8452000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1196000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53814000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
47132000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
86998000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
47204000
batl Proceeds Payments From Sale Of Oil And Gas Property And Equipment
ProceedsPaymentsFromSaleOfOilAndGasPropertyAndEquipment
1000
batl Proceeds Payments From Sale Of Oil And Gas Property And Equipment
ProceedsPaymentsFromSaleOfOilAndGasPropertyAndEquipment
947000
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
949000
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
7000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-166000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-16000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-87780000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-46248000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
20122000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
145000000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
85000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
148021000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
379000
batl Payment Of Offering Costs And Other
PaymentOfOfferingCostsAndOther
492000
batl Payment Of Offering Costs And Other
PaymentOfOfferingCostsAndOther
290000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
19166000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3311000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14800000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2427000
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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33559000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1868000
batl Cash Paid Received For Reorganization Items
CashPaidReceivedForReorganizationItems
744000
batl Natural Gas Price
NaturalGasPrice
2.94
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
60000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
1495000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33559000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48359000
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>
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33499000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46864000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000
CY2021Q4 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 payable or receivable between the Company and the counterparty. To manage counterparty risk associated with </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">derivative contracts, the Company selects and monitors counterparties based on an assessment of their financial strength and/or credit ratings. At September 30, 2022, the Company’s derivative counterparties include two major financial institutions, both of which are secured lenders under the Term Loan Agreement.</p>
CY2022Q3 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
294000
us-gaap Operating Lease Cost
OperatingLeaseCost
346000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
6112000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
2231000
us-gaap Variable Lease Cost
VariableLeaseCost
307000
us-gaap Lease Cost
LeaseCost
6406000
us-gaap Lease Cost
LeaseCost
2884000
us-gaap Operating Lease Payments
OperatingLeasePayments
294000
us-gaap Operating Lease Payments
OperatingLeasePayments
439000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
841000
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y2M12D
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M12D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0429
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0429
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
98000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
359000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
457000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
446000
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
381000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
65000
batl Crude Oil Average Price
CrudeOilAveragePrice
92.16
batl Natural Gas Price
NaturalGasPrice
6.13
batl Crude Oil Average Price
CrudeOilAveragePrice
57.64
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
204413000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
181650000
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
25041000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
85000
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
179372000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
181565000
CY2022Q3 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
25000000.0
batl Fair Value Measurement Asset Transfers Between Levels
FairValueMeasurementAssetTransfersBetweenLevels
0
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
27014000
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3898000
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
64671000
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
65466000
CY2022Q3 batl Derivative Fair Value Of Derivative Asset Not Offset Against Derivative Assets
DerivativeFairValueOfDerivativeAssetNotOffsetAgainstDerivativeAssets
24845000
CY2021Q4 batl Derivative Fair Value Of Derivative Asset Not Offset Against Derivative Assets
DerivativeFairValueOfDerivativeAssetNotOffsetAgainstDerivativeAssets
3898000
CY2022Q3 batl Derivative Fair Value Of Derivative Liability Not Offset Against Derivative Liabilities
DerivativeFairValueOfDerivativeLiabilityNotOffsetAgainstDerivativeLiabilities
24845000
CY2021Q4 batl Derivative Fair Value Of Derivative Liability Not Offset Against Derivative Liabilities
DerivativeFairValueOfDerivativeLiabilityNotOffsetAgainstDerivativeLiabilities
3898000
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
2169000
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
39826000
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
402000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
334000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
3541000
CY2022Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
15472000
CY2022Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
1600000
CY2022Q3 us-gaap Purchase Obligation
PurchaseObligation
2800000
batl Purchase Commitment Early Termination Fee
PurchaseCommitmentEarlyTerminationFee
1000000.0
CY2022Q3 us-gaap Purchase Obligation
PurchaseObligation
2800000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2019Q4 batl Warrants Issued During Period
WarrantsIssuedDuringPeriod
6900000
CY2019Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P3Y
CY2022Q3 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2022-10-08
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
105888000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13052000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26191000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-54252000
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2482000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16340000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16270000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16327000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16257000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.48
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.60
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.34
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
105888000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13052000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26191000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-54252000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16340000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16270000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16327000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16257000
CY2022Q3 batl Incremental Common Shares Attributable To Restricted Shares
IncrementalCommonSharesAttributableToRestrictedShares
143000
CY2021Q3 batl Incremental Common Shares Attributable To Restricted Shares
IncrementalCommonSharesAttributableToRestrictedShares
158000
batl Incremental Common Shares Attributable To Restricted Shares
IncrementalCommonSharesAttributableToRestrictedShares
169000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16483000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16428000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16496000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16257000
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.42
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.34
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
CY2022Q3 batl Oil And Natural Gas Revenues Receivable Current
OilAndNaturalGasRevenuesReceivableCurrent
36441000
CY2021Q4 batl Oil And Natural Gas Revenues Receivable Current
OilAndNaturalGasRevenuesReceivableCurrent
34110000
CY2022Q3 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
3009000
CY2021Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
2503000
CY2022Q3 batl Other Receivables Increase Decrease Net Current
OtherReceivablesIncreaseDecreaseNetCurrent
417000
CY2021Q4 batl Other Receivables Increase Decrease Net Current
OtherReceivablesIncreaseDecreaseNetCurrent
193000
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
39867000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
36806000
CY2022Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
573000
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
975000
CY2022Q3 batl Escrow Deposit Current
EscrowDepositCurrent
341000
CY2021Q4 batl Escrow Deposit Current
EscrowDepositCurrent
390000
CY2022Q3 us-gaap Other Assets Current
OtherAssetsCurrent
44000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1000
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
958000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1366000
CY2022Q3 batl Investment In Unconsolidated Affiliate
InvestmentInUnconsolidatedAffiliate
1612000
CY2022Q3 batl Oil And Natural Gas Revenues Receivable Non Current
OilAndNaturalGasRevenuesReceivableNonCurrent
59000
CY2021Q4 batl Oil And Natural Gas Revenues Receivable Non Current
OilAndNaturalGasRevenuesReceivableNonCurrent
1010000
CY2022Q3 us-gaap Escrow Deposit
EscrowDeposit
523000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3735000
CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
66000
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
42000
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
1227000
CY2022Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
739000
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
33000
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2933000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2270000
CY2022Q3 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
34201000
CY2021Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
25315000
CY2022Q3 batl Accrued Cost Of Oil And Gas Costs
AccruedCostOfOilAndGasCosts
27208000
CY2021Q4 batl Accrued Cost Of Oil And Gas Costs
AccruedCostOfOilAndGasCosts
4881000
CY2022Q3 batl Revenues And Royalties Payable Current
RevenuesAndRoyaltiesPayableCurrent
29595000
CY2021Q4 batl Revenues And Royalties Payable Current
RevenuesAndRoyaltiesPayableCurrent
22763000
CY2022Q3 batl Accrued Oil And Gas Lease Operating Expense
AccruedOilAndGasLeaseOperatingExpense
6534000
CY2021Q4 batl Accrued Oil And Gas Lease Operating Expense
AccruedOilAndGasLeaseOperatingExpense
6090000
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
109000
CY2022Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
3000
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
100198000
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
62826000
CY2022Q2 us-gaap Oil And Gas Delivery Commitments And Contracts Daily Production
OilAndGasDeliveryCommitmentsAndContractsDailyProduction
20
CY2022Q2 batl Volume Commitment Term
VolumeCommitmentTerm
P5Y

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