BKV Corporation announced the successful completion of its acquisition of all issued and outstanding equity interests of Bedrock Production, LLC, encompassing Bedrock Energy Partners’ Barnett Shale assets, for approximately $370 million. This transaction significantly expands BKV's operational footprint and production capacity.
The acquisition adds approximately 97,000 net acres that directly offset BKV's existing acreage, along with critical midstream infrastructure. It also includes approximately 108 million cubic feet equivalent per day (MMcfed) of production, as of June 30, 2025, with natural gas comprising about 63% of this volume.
The acquired assets feature 1,121 producing locations with attractive economics, characterized by low 1- and 5-year base decline rates of approximately 7%. The deal also adds approximately 800 billion cubic feet equivalent of proved reserves, based on NYMEX strip pricing as of June 30, 2025, and includes 50 new drill locations and 80 low-cost refrac opportunities, strengthening BKV's position as a dominant operator in the Barnett Shale.
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