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Announced

Completed

BKV completed the acquisition of Barnett shale upstream and midstream assets of ExxonMobil for $750m.

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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