BKV Corporation and Comstock Resources, Inc. announced an exclusive, non-binding agreement to collaborate on carbon capture, utilization, and sequestration (CCUS) projects. The partnership aims to develop CCUS injection wells at two of Comstock’s natural gas processing facilities in its Western Haynesville operating area in Texas.
This agreement seeks to combine BKV’s established CCUS capabilities with Comstock’s position as a leading producer in the Haynesville shale. The collaboration is designed to permanently sequester carbon dioxide waste produced at Comstock’s Bethel and Marquez natural gas processing and production facilities.
The initiative highlights BKV's strategy to offer innovative solutions that meet rising energy demand while managing carbon emissions, extending its 'closed-loop' approach to other natural gas producers. The terms of the prospective projects are subject to further negotiation and the execution of definitive agreements.
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