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Announced

Fury Resources to acquire Battalion Oil for $450m.

Synopsis

Fury Resources, a privately held exploration and production company, agreed to acquire Battalion Oil, an independent energy company, for $450m. "It has been a pleasure working with Avi Mirman and his team to get the transaction to this point. Avi has a plan to become a premier player in the Delaware Basin. With the additional investment capital provided by the transaction, the company will finally be in a position to fully develop the Battalion asset base and position the company, its investors, and its employees for success," Matt Steele, Battalion CEO.

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