BANPU announces BKV completes acquisition of Barnett gas assets in Texas

M&A · PartnershipCommodity
โดย Kaohoon·USTH·Read original
Summary · why it matters

Banpu Public Company Limited, or BANPU, informed the Stock Exchange of Thailand that BKV Corporation, a subsidiary of BANPU listed on the New York Stock Exchange, completed its acquisition of new upstream, midstream and carbon capture and storage assets in the Barnett natural gas field in Texas, United States, on 15 September 2026, after all conditions precedent to closing were fully satisfied. The transaction was funded from the company's cash and borrowings under a revolving credit facility, while the value of the transaction was not disclosed under the terms of the asset purchase agreement. The acquired assets comprise producing natural gas operations of approximately 65 million cubic feet equivalent per day, of which more than 50% is liquid hydrocarbon production, along with proved and producing reserves of approximately 0.35 trillion cubic feet equivalent, covering concession areas of approximately 117,000 acres, mostly in Montague County, Texas, and approximately 1,000 existing producing natural gas wells. On the CCS side, the assets can capture approximately 100,000 tonnes of carbon dioxide per year, and include a carbon dioxide pipeline and underground injection wells operated by the company. The midstream infrastructure comprises a natural gas processing plant with a capacity of 180 million cubic feet per day, approximately 340 miles of natural gas pipelines, approximately 225 miles of water management infrastructure and 2 saltwater disposal wells. BANPU stated that this acquisition will add high-quality assets to its portfolio and strengthen BKV's position in the Barnett natural gas field, as well as support BKV's U.S. Closed-Loop Gas strategy by expanding its operating footprint and increasing production capacity, which will help meet energy demand in the Dallas-Fort Worth area and the U.S. Gulf Coast region. BANPU confirmed that the transaction is not a connected transaction and does not fall under the requirement to report the acquisition of assets of a listed company under the notification of the Capital Market Supervisory Board.

Impact on stocks 2

Energy Transition & Power Demand▲ · 2 stocks
BKV Corporation
BKV
▲ PositiveCapitalrelevance

BKV completed the acquisition of Barnett upstream, midstream and CCS assets, expanding its operating footprint and production capacity.

Banpu Public Company Limited
BANPU
▲ PositiveCapitalrelevance

BANPU announced its NYSE-listed subsidiary BKV completed the Barnett asset acquisition, adding high-quality assets to its portfolio.

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