BANPU closes BKV deal to buy Barnett Shale gas assets, adding 1,000 producing wells

M&A · PartnershipCommodity
โดย Prachachat·US·Read original
Summary · why it matters

Banpu Public Company Limited, or BANPU, informed the Stock Exchange of Thailand that BKV Corporation, a subsidiary listed on the New York Stock Exchange, has completed its acquisition of natural gas assets in the Barnett Shale in Texas, United States, on September 15, 2026. The transaction value was not disclosed under the terms of the asset purchase agreement, and BKV used cash together with borrowings under a revolving credit facility to pay the price. The acquired assets cover natural gas production, midstream operations, and carbon capture and storage, or CCS. They have gas production capacity of about 65 million cubic feet equivalent per day, of which more than 50% is liquid hydrocarbons, along with proved and producing reserves of approximately 0.35 trillion cubic feet equivalent. The concession area covers roughly 117,000 acres, mostly in Montague County, and about 1,000 natural gas wells that are already in operation. On the CCS side, the assets have the capacity to capture about 100,000 tons of carbon dioxide per year, including a CO₂ pipeline and underground injection wells operated by the company. The midstream infrastructure includes a natural gas processing plant with capacity of 180 million cubic feet per day, about 340 miles of natural gas pipelines, roughly 225 miles of water management infrastructure, and two saltwater disposal wells. BANPU said the acquisition will strengthen BKV in the Barnett Shale and support its U.S. Closed-Loop Gas strategy by integrating the new assets with existing operations to improve operating efficiency and shared use of infrastructure. The additional natural gas volumes will also help meet energy demand in the Dallas-Fort Worth area and the U.S. Gulf Coast region.

Impact on stocks 2

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

BKV completed the acquisition of Barnett Shale natural gas assets, expanding its production, midstream, and CCS operations.

Banpu Public Company Limited
BANPU
▲ PositiveCapitalrelevance

BANPU announced that its NYSE-listed subsidiary BKV closed the Barnett Shale asset acquisition, strengthening its U.S. Closed-Loop Gas strategy.

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