MCM Energy Partners adds Delaware basin assets from closed Battalion Oil deal

MCM Delaware Resources LLC, a subsidiary of MCM Energy Partners, Midland, Tex., closed the acquisition of substantially all of Battalion Oil Corp.’s oil and natural gas properties and related assets in West Quito Draw area in the Southern Delaware basin.

The sale of the Ward County, Tex., assets closed Feb. 24, 2026, for a total cash adjusted purchase price of about $60.1 million, Battalion noted in an SEC filing.

MCM, which acquired the assets as part of a larger plan to build a multi-bench development platform in the core of the Permian basin, plans to immediately integrate the assets into its development program.

The acquired assets include about 6,207 net acres in the West Quito Draw area, expanding MCM’s position across multiple benches and adding operated inventory, an established production base, and development upside to its existing footprint in Ward County, where the company is drilling and completing its Vulcan program. 

MCM also continues to advance its Dawson County position in the Midland basin.

At end-third-quarter 2025, the latest results available, Batallion had concluded drilling and completion operations in the West Quito Draw with two wells coming online producing an average of 883 boe/d over the first 120 days of production. 

In its Feb. 24 SEC filing, Batallion said estimated proved reserves associated with the sold properties accounted for about 8 MMboe, or 12.4% of the company’s estimated proved reserves as of yearend 2024.