Announced
Completed
Financials
Tags
natural gas
Private
midstream infrastructure
Acquisition
United States
Domestic
upstream
Friendly
Single Bidder
Integrated Oil and Gas
Majority
Completed
Synopsis
BKV, a growth-oriented energy company, completed the acquisition of Barnett shale upstream and midstream assets of ExxonMobil, an American multinational oil and gas corporation, for $750m. "Today, BKV is a leading natural gas operator in the United States with an integrated approach to the value chain that allows us to certify our responsibly sourced gas at the well head. We are excited about the extensive synergies this transaction presents, as well as additional access to premier Gulf Coast markets. We look forward to building upon the strengths of XTO Energy and its team to drive future growth," Chris Kalnin, BKV CEO.
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