BANPU says BKV closes deal to acquire Barnett Shale gas assets on September 15, 2026

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

BKV Corporation, a subsidiary of Banpu listed on the New York Stock Exchange, has completed its acquisition of new upstream, midstream and carbon capture and storage assets in the Barnett Shale natural gas field as of September 15, 2026, after all closing conditions were met. The disclosure was made by Sinon Vongkusolkit, Chief Executive Officer of Banpu Public Company Limited, or BANPU. 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 accordance with 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 developed producing reserves of approximately 0.35 trillion cubic feet equivalent, covering roughly 117,000 acres of concession area and about 1,000 producing gas wells. They also include a CCS project capturing approximately 100,000 tonnes of CO₂ per year, along with a CO₂ pipeline and underground injection wells, as well as midstream infrastructure including a gas processing plant with a capacity of 180 MMcf/d, approximately 340 miles of gas pipelines, about 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 and Gulf Coast areas of the United States.

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

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

Banpu Public Company Limited
BANPU
▲ PositiveCapitalrelevance

Banpu disclosed that its NYSE-listed subsidiary BKV closed the Barnett Shale asset acquisition, expanding its U.S. upstream and CCS footprint.

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