Battalion Oil Corp., formerly known as Halcón Resources Corp., announced it was considering revisions to its 2020 budget to lower anticipated capital expenditures to the $60-76 million range. This budget would include drilling four to six gross operated wells and putting online six to seven gross operated wells during the year. The company initially planned to spend $123-138 million, which would have kept one rig active throughout 2020 in order to spud about 10......
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