BKV Corp. expands oil and gas operations through the purchase of $370M of Barnett Shale with acreage, wells, infrastructure, and large potential production capacity.

BKV Corp., which is based in Denver, Colorado, plans to expand its oil and gas business by acquiring Barnett Shale assets located in Texas. The all-stock transaction with Bedrock Production LLC to the tune of $370 million in cash and stocks will bring about 97 thousand net acres, 1121 gross operated wells, and 200 miles of gas and water pipelines to the BKV portfolio.

It is projected to close in the early Q4 2025 subject to customary conditions; the acquisition also encompasses circa 108 MMcfed associated production (63 percent natural gas). According to Chris Kalnin, the BKV CEO, this acquisition is set to increase its low-decline production base by more than 100 MMcfed and augment its proved reserves by close to 1 tcfe, further cementing its holding in the Fort Worth Basin.

In Q2 2025, the net income of BKV amounted to $104.6 million, and adjusted net income was equal to 32.8 million dollars. Net production was 811.0 MMcfed, which was above guidance. The firm has increased its full-year production guidance by 4 percent mid-factor and reduced its capital spending forecast by 9 percent.

This acquisition is a strategic move of the BKV who is on an expansion path in the competitive oil and gas market in America.