Bkv Corporation Purchases Barnett Shale Upstream And Midstream Assets From Exxonmobil
07/01/22, 10:35 AM
Location
denverBKV 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 Info
Location
Denver, Colorado, United States
Company info
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.