Battalion Oil Corporation announced unaudited consolidated production results for the fourth quarter and full year ended December 31, 2019. For the quarter, the company reported Crude oil of 1,057 MBbls compared to 1,090 MBbls a year ago. Natural gas production was 2,755 MMcf compared to 1,598 MMcf a year ago. Natural gas liquids production was 351 MBbls compared to 226 MBbls a year ago. Total production was 1,867 MBoe compared to 1,582 MBoe a year ago. Average daily production was 20,293 Boe/d compared to 17,196 Boe/d a year ago.

For the year, the company reported Crude oil of 3,780 MBbls compared to 3,558 MBbls a year ago. Natural gas production was 9,136 MMcf compared to 4,607 MMcf a year ago. Natural gas liquids production was 1,262 MBbls compared to 749 MBbls a year ago. Total production was 6,565 MBoe compared to 5,075 MBoe a year ago. Average daily production was 17,986 Boe/d compared to 13,904 Boe/d a year ago.

The company revised production guidance for the full year of 2020. For the year, the company revises Oil Production is to be in the range between 10.3 MBopd to 10.8 MBopd compared to previous guidance of 11.1 MBopd to 11.7 MBopd. Total production is expected to be in the range between 17.5 MBoepd to 18.5 MBoepd compared to previous guidance of 18.5 MBoepd to 19.5 MBoepd.