Privately held Fury Resources Inc. is acquiring publicly traded Permian Basin oil and gas producer Battalion Oil Corp. in a cash deal valued at about $450
After a liquidity crunch and an exploration of strategic alternatives, Delaware Basin E&P Battalion Oil is being scooped up by a private player in a $450 million deal.
Fury Resources to acquire Delaware basin operator Battalion Oil ogj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ogj.com Daily Mail and Mail on Sunday newspapers.
Florida Governor Ron DeSantis and former U.S. Ambassador to the United Nations Nikki Haley were the biggest beneficiaries of donations from oil and gas representatives in the third quarter, according to a Bloomberg review of new campaign finance disclosures filed with the Federal Election Commission.