M&A Deal Summary

Battalion Oil Acquires Fury Resources

On December 15, 2023, Battalion Oil acquired oil/gas exploration company Fury Resources for 450M USD

Acquisition Highlights
  • This is Battalion Oil’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Battalion Oil’s largest (disclosed) transaction.
  • This is Battalion Oil’s 3rd transaction in the United States.
  • This is Battalion Oil’s 3rd transaction in Texas.

M&A Deal Summary
Date 2023-12-15
Target Fury Resources
Sector Oil/Gas Exploration
Buyer(s) Battalion Oil
Deal Type Merger
Deal Value 450M USD

Target

Fury Resources

Houston, Texas, United States
Fury Resources is a privately held exploration and production company focused on value creation through the acquisition and exploitation of assets in the Permian Basin. Fury Resources is based in Houston, Texas.

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Buyer(S) 1

Buyer

Battalion Oil

Houston, Texas, United States
Category Company
Founded 2011
Sector Oil/Gas Exploration
DESCRIPTION

Battalion Oil is an oil and gas acquisition and development company that was formed to recapitalize and take control of a public company formerly known as RAM Energy Resources. Battalion Oil was founded in 2011 and is based in Houston, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 3 of 3
Type (Merger) 1 of 1
State (Texas) 3 of 3
Country (United States) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 Halcón Resources - Water Infrastructure Assets

Houston, Texas, United States

Halcón Resources Corp. - Water Infrastructure Assets includes ~60 miles of water gathering pipelines, 75,000 gross acre position, and any additional acreage within a ~ 209,000-acre area of mutual interest ("AMI") in Pecos, Reeves, Ward, and Winkler counties, Texas.

Sell $200M
Mergr

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