BKV has completed its previously announced Barnett shale acquisition, adding more than 65 MMcfe/d of production, a 180-MMcf/d gas plant and roughly 340 miles of gas gathering lines.
(PGJ) — BKV Corp. has completed its previously announced acquisition of Barnett shale upstream, midstream and carbon capture assets, adding more than 65 MMcfe/d of production and operated gas infrastructure to its Texas portfolio.
The transaction closed Sept. 15 following the satisfaction of customary closing conditions. Financial terms were not disclosed. BKV funded the acquisition with cash on hand and borrowings under its revolving credit facility.
The acquired midstream assets include a gas processing plant with 180 MMcf/d of capacity and approximately 340 miles of owned gas gathering lines. The portfolio also includes about 225 miles of water gathering infrastructure and two saltwater disposal wells.
BKV said the acquisition expands its Barnett gas volumes available to serve demand centers in the Dallas-Fort Worth area and along the Gulf Coast while creating opportunities for operating and capital efficiencies through greater scale and shared infrastructure.
The upstream assets contribute more than 65 MMcfe/d of production, over half of which is liquids, along with approximately 0.35 Tcfe of proved developed producing reserves. The acquisition encompasses roughly 117,000 net acres, primarily in Montague County, and approximately 1,000 gross operated wells.
“These assets are a strong operational fit for BKV, and the acquisition builds on our disciplined approach to strengthening our position in the Barnett,” CEO Chris Kalnin said.
The transaction also includes an operated carbon capture and sequestration project that captured more than 100,000 metric tons of CO₂ during the trailing 12 months through first-quarter 2026. The system includes three compressors, a gas plant, CO₂ pipeline and injection well.
