BANPU's BKV closes deal to acquire upstream, midstream and CCS businesses in Texas

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โดย InfoQuest·US·Read original
Summary · why it matters

Banpu Public Company Limited, or BANPU, disclosed that BKV Corporation, a subsidiary listed on the New York Stock Exchange, has completed the acquisition of new assets related to upstream, midstream and carbon capture and storage businesses in the Barnett natural gas field, finalised on 15 September 2026 after all conditions precedent to closing were fully satisfied. The transaction was funded from BKV's cash and borrowings under a revolving credit facility. 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 percent is liquid hydrocarbon production, proved and producing reserves of approximately 0.35 trillion cubic feet equivalent, a concession area of approximately 117,000 acres, mostly in Montague County, Texas, and approximately 1,000 existing operated natural gas wells. The CCS project can capture approximately 100,000 tonnes of carbon dioxide per year, and includes a CO2 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. The acquisition supports the U.S. Closed-Loop Gas strategy in the United States and is expected to increase natural gas volumes to serve energy demand in the Dallas-Fort Worth area and the Gulf Coast region.

Impact on stocks 2

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

BKV completed the acquisition of upstream, midstream and CCS assets in the Barnett field, funded by cash and revolving credit.

Banpu Public Company Limited
BANPU
▲ PositiveCapitalrelevance

Banpu disclosed that its NYSE-listed subsidiary BKV closed the Barnett acquisition, expanding its US upstream, midstream and CCS footprint.

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