Updated Aug 22, 2024
8/22/24
The Barnett Shale’s top natural gas producer, BKV Corp., has secured a contract to develop and sell carbon sequestered gas, aka CSG, to a Texas facility at a “premium over Henry Hub prices.”
BKV Corp. has closed on the $750 million purchase from ExxonMobil subsidiaries XTO Energy Inc. and Barnett Gathering LLC of a package of upstream and midstream natural gas assets in the Barnett Shale.
BKV Inc., the biggest natural gas producer in the Barnett Shale, is partnering with EnLink Midstream LLC to develop what could be one of the first commercial carbon capture and sequestration (CCS) projects to come online in the United States.
ExxonMobil on Thursday said goodbye to the Barnett Shale in North Texas after securing $750 million from Denver-based BKV Corp. for the natural gas-rich portfolio in North Texas.
Appalachia-focused natural gas producer Diversified Energy Co. plc on Friday announced its second transaction in as many months to expand into a different gassy region of the United States.
Houston-based Evolution Petroleum Corp. is set to enter the Barnett Shale in North Texas with the acquisition of 23,000 net acres from Tokyo Gas Americas Ltd.
Producers working Texas oilfields will be required to show why they need permission to flare or vent natural gas under updated rules approved by state regulators Wednesday.
Lower 48 stalwart Devon Energy Corp. is working with fewer rigs and completion crews across its four core holdings in the Lower 48, but stronger oil production still is in sight for the year, along with a special dividend payment from former natural gas juggernaut, the Barnett Shale.