$BATL
BATTALION OIL CORP

2023 Q2 Form 10-Q Financial Statement

#000155837023009886 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $54.27M $65.14M
YoY Change -46.54% -20.17%
Cost Of Revenue $14.00M $13.03M
YoY Change 5.32% 5.14%
Gross Profit $40.27M $52.12M
YoY Change -54.35% -24.7%
Gross Profit Margin 74.21% 80.0%
Selling, General & Admin $8.423M $8.327M
YoY Change -15.43% -16.19%
% of Gross Profit 20.91% 15.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.71M $16.15M
YoY Change 16.76% 58.0%
% of Gross Profit 36.53% 30.98%
Operating Expenses $39.96M $40.99M
YoY Change 3.99% 15.76%
Operating Profit $309.0K $11.12M
YoY Change -99.38% -67.09%
Interest Expense -$5.057M $11.69M
YoY Change -86.24% -109.24%
% of Operating Profit -1636.57% 105.06%
Other Income/Expense, Net -$5.057M $11.69M
YoY Change -86.24% -109.24%
Pretax Income -$4.748M $22.81M
YoY Change -136.39% -124.6%
Income Tax
% Of Pretax Income
Net Earnings -$4.748M $22.81M
YoY Change -136.39% -124.6%
Net Earnings / Revenue -8.75% 35.02%
Basic Earnings Per Share -$0.35 $1.29
Diluted Earnings Per Share -$0.35 $1.28
COMMON SHARES
Basic Shares Outstanding 16.46M 16.45M
Diluted Shares Outstanding 16.46M 16.54M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.51M $23.25M
YoY Change -57.58% -46.55%
Cash & Equivalents $18.51M $23.25M
Short-Term Investments
Other Short-Term Assets $197.0K $13.00K
YoY Change 19600.0% -78.69%
Inventory
Prepaid Expenses $509.0K $673.0K
Receivables $23.52M $32.46M
Other Receivables $3.665M $3.722M
Total Short-Term Assets $52.78M $71.92M
YoY Change -49.17% -21.72%
LONG-TERM ASSETS
Property, Plant & Equipment $3.188M $3.340M
YoY Change 5.63% 31.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.299M $5.434M
YoY Change 33.41% 4.6%
Other Assets $2.778M $3.023M
YoY Change -16.55% 53.22%
Total Long-Term Assets $380.5M $392.1M
YoY Change 10.16% 22.94%
TOTAL ASSETS
Total Short-Term Assets $52.78M $71.92M
Total Long-Term Assets $380.5M $392.1M
Total Assets $433.2M $464.0M
YoY Change -3.56% 12.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.29M $46.81M
YoY Change -44.09% -20.38%
Accrued Expenses $10.77M $12.09M
YoY Change -63.16% -47.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $42.61M $40.11M
YoY Change 184.04% 702.12%
Total Short-Term Liabilities $107.3M $117.2M
YoY Change -47.64% -38.29%
LONG-TERM LIABILITIES
Long-Term Debt $164.1M $174.5M
YoY Change -12.91% -1.65%
Other Long-Term Liabilities $3.432M $3.074M
YoY Change 143.75% 55.96%
Total Long-Term Liabilities $167.5M $177.6M
YoY Change -11.75% -1.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $107.3M $117.2M
Total Long-Term Liabilities $167.5M $177.6M
Total Liabilities $274.7M $294.9M
YoY Change -30.38% -20.18%
SHAREHOLDERS EQUITY
Retained Earnings -$231.9M -$227.1M
YoY Change -33.4% -37.12%
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 $99.32M $105.8M
YoY Change
Total Liabilities & Shareholders Equity $433.2M $464.0M
YoY Change -3.56% 12.95%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$4.748M $22.81M
YoY Change -136.39% -124.6%
Depreciation, Depletion And Amortization $14.71M $16.15M
YoY Change 16.76% 58.0%
Cash From Operating Activities $9.338M -$689.0K
YoY Change -42.66% -105.72%
INVESTING ACTIVITIES
Capital Expenditures $4.037M $28.88M
YoY Change -111.09% -284.14%
Acquisitions
YoY Change
Other Investing Activities -$6.000K $5.000K
YoY Change -102.34% -96.88%
Cash From Investing Activities -$4.043M -$27.70M
YoY Change -88.81% 74.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $5.017M
YoY Change 5802.35%
Cash From Financing Activities -10.03M 18.90M
YoY Change -150.15% -2143.68%
NET CHANGE
Cash From Operating Activities 9.338M -689.0K
Cash From Investing Activities -4.043M -27.70M
Cash From Financing Activities -10.03M 18.90M
Net Change In Cash -4.731M -9.481M
YoY Change -3528.26% 100.78%
FREE CASH FLOW
Cash From Operating Activities $9.338M -$689.0K
Capital Expenditures $4.037M $28.88M
Free Cash Flow $5.301M -$29.57M
YoY Change -89.94% -206.63%

Facts In Submission

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CY2022Q1 us-gaap Increase Decrease In Other Current Assets
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Payments To Explore And Develop Oil And Gas Properties
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CY2022Q1 us-gaap Payments To Explore And Develop Oil And Gas Properties
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CY2023Q1 batl Proceeds Payments From Sale Of Oil And Gas Property And Equipment
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CY2023Q1 batl Payment Of Offering Costs And Other
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CY2022Q1 batl Payment Of Offering Costs And Other
PaymentOfOfferingCostsAndOther
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23335000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43637000
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023Q1 batl Number Of Shareholders In Private Placement
NumberOfShareholdersInPrivatePlacement
3
CY2023Q1 batl Commitment Letter From Investors To Purchase Additional Equity
CommitmentLetterFromInvestorsToPurchaseAdditionalEquity
20000000
CY2023Q1 batl Number Of Shareholders In Private Placement
NumberOfShareholdersInPrivatePlacement
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CY2023Q1 batl Commitment Letter From Investors To Purchase Additional Equity
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CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
120000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21199000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16393000
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:14pt 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>
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23245000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32726000
CY2023Q1 us-gaap Restricted Cash
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90000
CY2022Q4 us-gaap Restricted Cash
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90000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23335000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32816000
CY2023Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Concentrations of Credit Risk</b></p><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 0pt 12pt 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 derivative contracts, the Company selects and monitors counterparties based on an assessment of their financial strength and/or credit ratings. At March 31, 2023, the Company’s derivative counterparties include two major financial institutions, both of which are secured lenders under the Amended Term Loan Agreement.</p>
CY2023Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P2Y3M18D
CY2022Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
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CY2023Q1 us-gaap Operating Lease Cost
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CY2022Q1 us-gaap Operating Lease Cost
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98000
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
193000
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2108000
CY2023Q1 us-gaap Lease Cost
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291000
CY2022Q1 us-gaap Lease Cost
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CY2023Q1 us-gaap Operating Lease Payments
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98000
CY2022Q1 us-gaap Operating Lease Payments
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98000
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P0Y8M12D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M12D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0429
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0429
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
261000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
261000
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3000
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
258000
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
258000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16303000
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.29
CY2023Q1 batl Crude Oil Average Price
CrudeOilAveragePrice
91.38
CY2022Q1 batl Crude Oil Average Price
CrudeOilAveragePrice
75.28
CY2023Q1 batl Natural Gas Price
NaturalGasPrice
5.96
CY2022Q1 batl Natural Gas Price
NaturalGasPrice
4.09
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
230291000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
235190000
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
40106000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
35067000
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
15649000
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
17447000
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
174536000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
182676000
CY2023Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
11600000
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
13000000.0
CY2023Q1 batl Fair Value Measurement Asset Transfers Between Levels
FairValueMeasurementAssetTransfersBetweenLevels
0
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.69
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21199000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-92744000
CY2023Q1 us-gaap Dilutive Securities
DilutiveSecurities
1000
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
20537000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
21623000
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
40846000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
62935000
CY2023Q1 batl Derivative Fair Value Of Derivative Asset Not Offset Against Derivative Assets
DerivativeFairValueOfDerivativeAssetNotOffsetAgainstDerivativeAssets
16933000
CY2022Q4 batl Derivative Fair Value Of Derivative Asset Not Offset Against Derivative Assets
DerivativeFairValueOfDerivativeAssetNotOffsetAgainstDerivativeAssets
20997000
CY2023Q1 batl Derivative Fair Value Of Derivative Liability Not Offset Against Derivative Liabilities
DerivativeFairValueOfDerivativeLiabilityNotOffsetAgainstDerivativeLiabilities
16933000
CY2022Q4 batl Derivative Fair Value Of Derivative Liability Not Offset Against Derivative Liabilities
DerivativeFairValueOfDerivativeLiabilityNotOffsetAgainstDerivativeLiabilities
20997000
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
3604000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
626000
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
23913000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
41938000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
21200000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-92744000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16393000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16303000
CY2023Q1 batl Incremental Common Shares Attributable To Restricted Shares
IncrementalCommonSharesAttributableToRestrictedShares
142000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16535000
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
15469000
CY2023Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
186000
CY2023Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
11000
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
15666000
CY2023Q1 us-gaap Purchase Obligation
PurchaseObligation
300000
CY2022Q2 us-gaap Oil And Gas Delivery Commitments And Contracts Daily Production
OilAndGasDeliveryCommitmentsAndContractsDailyProduction
20000
CY2022Q2 batl Volume Commitment Term
VolumeCommitmentTerm
P5Y
CY2022Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
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CY2023Q1 batl Board Of Directors Members
BoardOfDirectorsMembers
6
CY2023Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
23500000
CY2023Q1 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
25000000
CY2023Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1500000
CY2023Q1 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
25000000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
22811000
CY2022Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Preferred Stock Dividends And Other Adjustments
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1492000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16303000
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.28
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.69
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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7700000
CY2023Q1 batl Oil And Natural Gas Revenues Receivable Current
OilAndNaturalGasRevenuesReceivableCurrent
28734000
CY2022Q4 batl Oil And Natural Gas Revenues Receivable Current
OilAndNaturalGasRevenuesReceivableCurrent
33980000
CY2023Q1 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
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CY2022Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
3201000
CY2023Q1 batl Other Receivables Increase Decrease Net Current
OtherReceivablesIncreaseDecreaseNetCurrent
2028000
CY2022Q4 batl Other Receivables Increase Decrease Net Current
OtherReceivablesIncreaseDecreaseNetCurrent
793000
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
32456000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
37974000
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
673000
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
715000
CY2023Q1 batl Escrow Deposit Current
EscrowDepositCurrent
342000
CY2022Q4 batl Escrow Deposit Current
EscrowDepositCurrent
341000
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
13000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
75000
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1028000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1131000
CY2023Q1 batl Investment In Unconsolidated Affiliate
InvestmentInUnconsolidatedAffiliate
1519000
CY2022Q4 batl Investment In Unconsolidated Affiliate
InvestmentInUnconsolidatedAffiliate
1561000
CY2023Q1 batl Oil And Natural Gas Revenues Receivable Non Current
OilAndNaturalGasRevenuesReceivableNonCurrent
233000
CY2023Q1 us-gaap Escrow Deposit
EscrowDeposit
532000
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
527000
CY2023Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
739000
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
739000
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3023000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2827000
CY2023Q1 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
23234000
CY2022Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
42919000
CY2023Q1 batl Accrued Cost Of Oil And Gas Costs
AccruedCostOfOilAndGasCosts
2570000
CY2022Q4 batl Accrued Cost Of Oil And Gas Costs
AccruedCostOfOilAndGasCosts
19911000
CY2023Q1 batl Revenues And Royalties Payable Current
RevenuesAndRoyaltiesPayableCurrent
23569000
CY2022Q4 batl Revenues And Royalties Payable Current
RevenuesAndRoyaltiesPayableCurrent
26759000
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
80000
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
160000
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1401000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2300000
CY2023Q1 batl Accrued Oil And Gas Lease Operating Expense
AccruedOilAndGasLeaseOperatingExpense
7779000
CY2022Q4 batl Accrued Oil And Gas Lease Operating Expense
AccruedOilAndGasLeaseOperatingExpense
8005000
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
10000
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
41000
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
58643000
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
100095000

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