BANPU says BKV closes Barnett Shale gas asset acquisition with all conditions met

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Summary · why it matters

BKV Corporation, the New York Stock Exchange-listed subsidiary of Banpu, or BANPU, completed its acquisition of new assets in the upstream, midstream and carbon capture and storage businesses in the Barnett Shale natural gas field on September 15, 2026, after all closing conditions were satisfied. The disclosure was made by Sinon Vongkusolkit, Chief Executive Officer of Banpu Public Company Limited. The purchase was funded with BKV's cash and borrowings under a revolving credit facility, and the company did not disclose the transaction value in line with the asset purchase agreement. The acquired assets comprise natural gas production operations of approximately 65 million cubic feet equivalent per day, of which more than 50% is liquids-rich hydrocarbon production, along with proved developed producing reserves of approximately 0.35 trillion cubic feet equivalent, covering roughly 117,000 acres of leasehold and about 1,000 operating gas wells. They also include a CCS project capturing approximately 100,000 tonnes of CO2 per year, a CO2 pipeline and underground injection wells, as well as midstream infrastructure including a gas processing plant with capacity of 180 million cubic feet per day, about 340 miles of gas pipelines, roughly 225 miles of water management infrastructure and two saltwater disposal wells. The deal supports BKV's U.S. Closed-Loop Gas strategy and is expected to enhance operational efficiency and shared use of infrastructure, while increasing natural gas volumes to meet energy demand in the Dallas-Fort Worth area and the U.S. Gulf Coast.

Impact on stocks 2

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

BKV closed its acquisition of Barnett Shale upstream, midstream and CCS assets, funded with cash and revolving credit borrowings.

Banpu Public Company Limited
BANPU
▲ PositiveCapitalrelevance

Banpu's NYSE-listed subsidiary BKV completed the Barnett Shale asset acquisition, expanding its U.S. Closed-Loop Gas strategy.

Theme Impact 2

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