Battalion Oil acquires Monument Draw assets from RoadRunner Resources

The acquisition includes 30 high-quality net locations targeting Wolfcamp A, Wolfcamp B, and 3rd Bone Spring formations, along with Sundown's interest in a Battalion-operated well.

March 10, 2026

2 min read

Battalion Oil Corp., Houston, has agreed to acquire oil and gas assets, comprising 7,090 net acres in Ward County, Tex., from RoadRunner Resource Holding LLC (formerly Sundown Energy LP).

The acquired leases directly adjoin Battalion’s existing Monument Draw position, allowing for long-lateral development and operational efficiencies, Battalion said in a release Mar. 10.

Through the deal, Battalion expects to add 30 high-quality net locations targeting the Wolfcamp A, Wolfcamp B, and 3rd Bone Spring formations.

Battalion also will acquire Sundown’s ownership interest in an existing Battalion-operated well on the footprint, “contributing an estimated value of approximately $700,000 on a 10% discounted net present value basis,” the company said.

“Having previously operated and drilled on this exact acreage during our joint venture, we have seen the exceptional well results firsthand,” said Matt Steele, Battalion’s chief executive officer.

“Consolidating this contiguous acreage into our Monument Draw position is a natural fit. Furthermore, our recent sour gas treating agreement with Targa [Resources] means we have the infrastructure in place to efficiently develop these assets.”

Battalion, which recently sold substantially all of its oil and natural gas properties in West Quito Draw area in the Southern Delaware basin to MCM Delaware Resources LLC, will issue 485,000 shares of its common stock to Sundown in exchange for the assets.