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BATL – Battalion Oil Corp

Not Compliant

Battalion Oil Corp is not Shariah Compliant because it fails the financial ratios.

Battalion Oil Corporation is an independent energy company. The Company is engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States. The Company’s principal properties consist of leasehold interests in developed and undeveloped oil and natural gas properties and the reserves associated with these properties. The Company owns interests in developed and undeveloped oil and natural gas acreage in Texas locations. The Company’s working interests in approximately 40,375 net acres in the Delaware Basin in Pecos, Reeves, Ward and Winkler Counties, Texas. The Company has approximately 103 operated wells producing in this area in addition to minor working interests in 13 non-operated wells.

AAOIFI ✗

Debt ÷ Market cap (MC)212.45
Non-Compliant Assets ÷ MC2.16