Profile Summary
Name: Matt Steele
Position: CEO and CFO
Company: Battalion Oil Corporation
Location: Houston, Texas
Professional Background
Current Role at Battalion Oil Corporation
Title: Chief Executive Officer (CEO) and Chief Financial Officer (CFO)
Company Address: 820 Gessner Road, Suite 1100, Houston, Texas 77043
Phone: 832-538-0300
Online Profile: [LinkedIn - Matt Steele](https://www.linkedin.com/in/matt-steele-9a41646)
Responsibilities:
- Overseeing overall management and strategic direction.
- Leading the company's capital markets and financial strategy.
- Driving the company's growth plans and operational efficiency, particularly within the Delaware Basin.
Professional Experience
- Bruin E&P Partners
Title: CEO
Industry: Energy (E&P)
Focus: Bakken formation
Achievements:
- Successfully managed and led the company.
- Steele Petroleum, Ursa Resources, Ursa Resources Group I and II, and BMFGCo
Titles: CEO
Industry: Energy and E&P
Roles and Achievements:
- Founded and sat at the helm of multiple energy companies.
- Extensive involvement in Exploration and Production (E&P) operations, Mergers & Acquisitions, and Capital Markets.
Additional Roles and Interests
- Boards and Advisory Roles:
- Bruin Management LLC: Board Member
- Bowline Energy LLC: Board Member
- Carbon Path LLC: Board Member
- Honors College Advisory Board at the University of Houston: Board Member
- Interests:
- Avid outdoorsman, engaging in activities such as hiking, fishing, and hunting.
Educational Background
- Degree: B.S. in Chemical Engineering with Honors
Institution: University of Houston
Company Performance Overview
Recent Financial Performance
- Q2 2024: Revenue of $49.1 million; Loss of $0.80 per share
- Q1 2024: Revenue of $49.9 million
- Q3 2023: Adjusted loss, decreased operating revenue
- Full Year 2023: Adjusted loss reported, several rounds of funding received (e.g., $19.5 million from Luminus Management, LLC among others).
Strategic Moves and Challenges
- Compliance Status: Regained compliance with NYSE listing rules as of February 2024.
- Acquisition: Battalion Oil Corporation agreed to be acquired by Fury Resources for $450 million, announced in December 2023.
- Operational Focus: Majority operations are in the Delaware Basin with 90 operated wells and significant involvement in Wolfcamp and Bone Spring formations.
Key Insights for Sales Call
1. Strategy and Leadership: Matt Steele's extensive background in leading multiple energy companies and his current role at Battalion Oil provide a stable strategic vision for Battalion Oil’s future.
2. Financial Acumen: Understanding Steele's dual role as CEO and CFO suggests a strong grasp on financial management and capital markets, presenting potential opportunities to discuss funding, investment, and financial strategies.
3. Operational Focus: Current operations in the Delaware Basin highlight a significant interest in advanced E&P techniques and possibly in technological solutions to optimize these activities.
4. Industry Experience: Steele's knowledge and experience spanning various segments including M&A and capital markets points to a high level of expertise in energy sector operations.
5. Company’s Market Movements: Recent compliance achievements and strategic moves such as the planned acquisition by Fury Resources demonstrate proactive adjustments to market challenges, which may be a key discussion point for future growth collaborations or investments.
Contact Information
LinkedIn: [View Profile](https://www.linkedin.com/in/matt-steele-9a41646)
Company Website: [Battalion Oil Corporation](https://battalionoil.com/management/team/matt-steele-chief-executive-officer/)
Phone: 832-538-0300
This detailed profile should equip personnel with in-depth, actionable information about Matt Steele’s professional trajectory, his leadership at Battalion Oil Corporation, and strategic insights pertinent to future engagements.
