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BKV Completes Acquisition of Barnett Shale Upstream, Midstream, and Carbon Capture Assets

BKV
  • BKV Corporation completed the acquisition of Barnett Shale upstream, midstream, & carbon capture assets on September 15, 2026.
  • The transaction includes over 65 MMcfe/d of production with more than 50% liquids & a low PDP decline rate.
  • Approximately 0.35 Tcfe of proved developed producing reserves are included in the deal.
  • The portfolio comprises approximately 117,000 net acres, primarily in Montague County, & approximately 1,000 gross operated wells.
  • Assets include an operated carbon capture & sequestration project that captured over 100,000 metric tons of CO2 in the trailing twelve months through Q1 2026.
  • Midstream infrastructure includes an 180 MMcf/d gas plant, 340 miles of owned gas gathering lines, 225 miles of owned water gathering systems, & two saltwater disposal wells.
  • The transaction was funded using cash on hand & borrowings under BKV's revolving credit facility.
  • Transaction terms were not disclosed by BKV Corporation.
  • The acquisition is expected to enhance operational & capital efficiencies through greater scale & shared infrastructure.
  • The deal expands BKV's production capacity to serve demand centers in Dallas-Fort Worth & the Gulf Coast.