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BKV Corporation (NYSE: BKV) closed its ~$370 million acquisition of Bedrock Production, LLC, acquiring Bedrock Energy Partners’ Barnett Shale assets in a deal that materially expands BKV’s scale and operational footprint in the basin. The transaction adds ~97,000 net acres directly offsetting BKV’s existing acreage, critical midstream infrastructure, and ~108 MMcfe/d of production (as of June 30, 2025; ~63% natural gas). The acquired position includes 1,121 producing locations and ~800 Bcfe of proved reserves, and provides additional upside through ~50 new drill locations (10,000-foot equivalent laterals) and ~80 low-cost refrac candidates, strengthening BKV’s inventory depth and capital efficiency in the Barnett.
Mini Deal Sheet
| Field | Detail |
|---|---|
| Buyer | BKV Corporation (NYSE: BKV) |
| Seller / Target | Bedrock Production, LLC (equity interests acquired) |
| Assets | Bedrock Energy Partners’ Barnett Shale assets |
| Purchase Price | ~$370MM |
| Net Acres | ~97,000 |
| Production (6/30/2025) | ~108 MMcfe/d (~63% gas) |
| Producing Locations | 1,121 |
| Proved Reserves | ~800 Bcfe (NYMEX strip as of 6/30/2025) |
| Infrastructure | Includes midstream infrastructure |
| Inventory Additions | ~50 new drill locations + ~80 refrac locations |
Related Categories :
Deals - Deal Close
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