Bkv Corporation Purchases Barnett Shale Upstream And Midstream Assets From Exxonmobil

Jul 01, 2022•about 3 years ago

Acquiring Company

BKV

Acquired Company

MIDSTREAM

Denver

Description

BKV Corporation ("BKV" or "the Company") today announced that its subsidiaries have closed on the purchase of natural gas upstream and associated midstream infrastructure in the Barnett Shale region of North Texas from XTO Energy, Inc., and Barnett Gathering LLC, subsidiaries of Exxon Mobil Corporation, for $750 million. Depending on future natural gas prices, additional contingent payments may be incurred along with typical closing adjustments.

Company Information

Company

BKV

Location

Denver, Colorado, United States

About

Headquartered in Denver, Colorado, BKV Corporation (BKV) is a privately held natural gas exploration and production company that seeks to deliver reliable, sustainable energy to the community. Founded in 2015, BKV has over 200 employees across the U.S. that are committed to building a different kind of energy company. BKV is one of the top 20 natural gas producers in the United States and the largest natural gas producer in the Barnett Shale. BKV Corporation is the parent company for the BKV family of companies.

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