Battalion oil corporation announces landmark agreement to develop acid gas treatment facility

Houston, tx, may 16, 2022 (globe newswire) -- battalion oil corporation (nyse american: batl, “battalion” or the “company”), through a wholly-owned subsidiary, has entered into a joint venture agreement with caracara services, llc (“caracara”) to develop a strategic acid gas treatment and carbon sequestration facility (the “facility”) in winkler county, texas. the joint venture, operating as brazos amine treater, llc (“bat”), has also entered into a gas treating agreement (“gta”) with certain of battalion's wholly-owned subsidiaries for gas production from the company's monument draw area.
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