BKV to acquire the Barnett Shale assets from Mountain Capital Capital-backed Bedrock Energy Partners for $370m.

BKV, an energy company, agreed to acquire the Barnett Shale assets from Mountain Capital Capital-backed Bedrock Energy Partners, a E&P company, for $370m. “The second quarter marked another period of advancing our differentiated closed loop strategy, while also performing exceptionally well in each of our base businesses. Performance in our upstream business was a significant highlight, where we delivered production well ahead of our plan while keeping our total capital spend at the lower end of our guided range,” Chris Kalnin, BKV CEO.