Battalion Announces Appointment of New Chief Executive Officer and Director
03 Avril 2023 - 10:30PM
GlobeNewswire Inc.
Battalion Oil Corporation (NYSEA: BATL,
“Battalion” or the “Company”) today announced the resignation of
Richard Little who plans to pursue other opportunities and the
appointment of Matt Steele as Chief Executive Officer of the
Company effective immediately.
Jonathan Barrett, Battalion’s Chairman of the
Board commented, “Matt brings to Battalion extensive E&P
experience including capital allocation, operations and internal
value creation. I am pleased to welcome Matt to the Company
and the Board. His executive and board experience will allow us to
thrive in the next phase of Battalion. I would also like to thank
Rich for his contributions to the Company. Under his leadership,
Battalion has achieved numerous objectives that set the Company up
for success as it focuses on its organic value creation
opportunities.”
Mr. Steele is a seasoned executive who has
founded and managed numerous businesses in the energy industry. He
was most recently the CEO of Bruin E&P Partners, a Bakken
focused E&P company. During the last decade, he has served as
CEO of Ursa Resources and Bruin E&P. He serves on the Boards of
Bruin Management LLC, Bowline Energy LLC, Carbon Path LLC, and the
Honors College and Advisory Board at the University of Houston. His
diverse background in business and across E&P along with his
executive leadership experience will be an asset to the
Company.
Mr. Little commented, “I’ve enjoyed my time at
Battalion Oil and am proud of the progress that we have experienced
over the past few years. I have elected to move onto different
opportunities at this time. I appreciate the opportunity that I was
given and there’s no doubt that the talented team at Battalion will
continue to do great things. I wish them only the best.”
About Battalion Battalion Oil Corporation is an
independent energy company engaged in the acquisition, production,
exploration and development of onshore oil and natural gas
properties in the United States.
Contact Chris Lang Director, Finance &
Investor Relations (832) 538-0551
Battalion Oil (AMEX:BATL)
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