Latest news with #BKVCorporation
Business Wire
21-07-2025
- Business
- Business Wire
BKV Corp. Expands Strategic Partnership with Leading Midstream Operator to Advance Carbon Capture and Sequestration Development
DENVER--(BUSINESS WIRE)--BKV Corporation ('BKV' or the 'Company') (NYSE: BKV) today announced the execution of an agreement with a leading diversified midstream energy company to develop a new carbon capture and sequestration ('CCS') project at a currently operating natural gas processing plant in East Texas. The agreement expands on a previously announced agreement between the companies to develop a separate CCS project at a location in South Texas. The new CCS project will be constructed on the same site as an existing East Texas natural gas processing plant and is expected to be operational in early 2027. Under the terms of the agreement, BKV forecasts approximately 70,000 metric tons per year of carbon dioxide ('CO 2 ') waste stream could be captured at the plant, which would then be delivered to BKV to be compressed, transported and permanently sequestered via BKV's co-located Class II injection well. The co-located Class II injection well eliminates the need to invest in a high-pressure pipeline. The East Texas CCS project will be owned by BKV, but may be transferred to the Company's recently announced CCS joint venture ('JV') with Copenhagen Infrastructure Partners. 'Deepening our relationships with key partners demonstrates their confidence in our technical and operating expertise in developing and scaling carbon capture, utilization and sequestration projects,' said Chris Kalnin, Chief Executive Officer of BKV. 'As demand for low-carbon energy solutions continues to grow, we are pleased to expand our existing business relationship with one of the largest midstream providers in the United States.' The new CCS project adds to BKV's carbon capture, utilization and sequestration ('CCUS') portfolio, which includes the operational CCS project at the Company's Barnett Zero site in north Texas, the aforementioned South Texas project and the Cotton Cove CCS project, which has reached FID and remains on track to begin initial sequestration operations in the first half of 2027. About BKV Corporation Headquartered in Denver, Colorado, BKV Corporation is a forward-thinking, growth-driven energy company focused on creating value for its stockholders. BKV's core business is to produce natural gas from its owned and operated upstream assets. BKV's overall business is organized into four business lines: natural gas production; natural gas gathering, processing and transportation; power generation; and carbon capture, utilization and sequestration. BKV (and its predecessor entity) was founded in 2015, and BKV and its employees are committed to building a different kind of energy company. BKV is one of the top 20 gas-weighted natural gas producers in the United States and the largest natural gas producer by gross operated volume in the Barnett Shale. BKV Corporation is the parent company for the BKV family of companies. For more information, visit the BKV website at Forward-Looking Statements The information in this press release includes 'forward-looking statements' within the meaning of the federal securities laws. Forward-looking statements, which are not historical facts, include statements regarding BKV's strategy, future operations, prospects, plans and objectives of management, and often contain words such as 'expect,' 'project,' 'estimate,' 'believe,' 'anticipate,' 'intend,' 'budget,' 'plan,' 'seek,' 'envision,' 'forecast,' 'target,' 'predict,' 'may,' 'should,' 'would,' 'could,' 'will,' the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, including but not limited to assumptions, risks and uncertainties regarding our ability to successfully fund, pursue and develop our CCUS business; the expected increase in demand for power and our ability to serve that demand from our power business; and our ability to develop, market and sell our carbon sequestered gas product. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements discussed in BKV's filings with the United States Securities and Exchange Commission (the 'SEC'), including the 'Risk Factors' section of BKV's Annual Report on Form 10-K dated March 31, 2025. BKV undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. SOURCE: BKV Corporation
Business Insider
12-05-2025
- Business
- Business Insider
Analysts Have Conflicting Sentiments on These Energy Companies: BKV Corporation (BKV), Enbridge (ENB) and Western Midstream Partners (WES)
Analysts have been eager to weigh in on the Energy sector with new ratings on BKV Corporation (BKV – Research Report), Enbridge (ENB – Research Report) and Western Midstream Partners (WES – Research Report). Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. BKV Corporation (BKV) In a report issued on May 9, Betty Jiang from Barclays maintained a Buy rating on BKV Corporation, with a price target of $29.00. The company's shares closed last Friday at $20.47. According to Jiang is a 1-star analyst with an average return of -3.6% and a 34.2% success rate. Jiang covers the NA sector, focusing on stocks such as California Resources Corp, Occidental Petroleum, and Antero Resources. BKV Corporation has an analyst consensus of Strong Buy, with a price target consensus of $28.00. Enbridge (ENB) In a report issued on May 9, Praneeth Satish from Wells Fargo maintained a Hold rating on Enbridge, with a price target of C$60.00. The company's shares closed last Friday at $46.10. According to Satish is ranked #1186 out of 9504 analysts. Currently, the analyst consensus on Enbridge is a Moderate Buy with an average price target of $47.92, which is a 3.2% upside from current levels. In a report issued on April 29, Jefferies also maintained a Hold rating on the stock with a C$65.00 price target. Western Midstream Partners (WES) Wells Fargo analyst Ned Baramov maintained a Hold rating on Western Midstream Partners on May 9 and set a price target of $38.00. The company's shares closed last Friday at $37.11. Baramov has an average return of According to Baramov is ranked #8418 out of 9504 analysts. Currently, the analyst consensus on Western Midstream Partners is a Hold with an average price target of $41.14, an 11.5% upside from current levels. In a report issued on May 8, Stifel Nicolaus also maintained a Hold rating on the stock with a $41.00 price target.
Business Wire
30-04-2025
- Business
- Business Wire
BKV Corp. and Comstock Resources Announce Collaboration Agreement to Accelerate Deployment of Carbon Capture Projects
DENVER & FRISCO, Texas--(BUSINESS WIRE)--BKV Corporation (NYSE: BKV) ('BKV') and Comstock Resources, Inc. (NYSE: CRK) ("Comstock") today announced an exclusive, non-binding agreement for BKV to develop carbon capture, utilization and sequestration ('CCUS') projects at two of Comstock's natural gas processing facilities in its Western Haynesville operating area. As part of the agreement, the companies plan to develop CCUS injection wells to permanently sequester carbon dioxide waste produced at Comstock's Bethel and Marquez natural gas processing and production facilities in Texas, as well as other locations. The terms of the prospective projects are subject to further negotiation and execution of one or more definitive agreements. The agreement seeks to combine BKV's proven and innovative CCUS capabilities with Comstock's position as a leading producer in the Haynesville shale, a premier natural gas basin in Northwest Louisiana and East Texas with direct access to the high value Gulf Coast markets and LNG corridor. 'BKV is proud to bring our proven track record to the table as we deliver innovative solutions that meet rising energy demand while managing carbon emissions,' said Chris Kalnin, CEO of BKV. 'Collaborating with a premier partner like Comstock is a compelling opportunity to showcase how our CCUS portfolio can enable other natural gas producers to utilize low-carbon infrastructure and operate more sustainably. We view carbon capture as essential to the future of responsible energy, and this collaboration reflects a shared commitment to innovation, sustainability, and the long-term viability of natural gas. We're excited about what we can achieve together.' 'Industrial customers desire scalable, low-carbon energy solutions, and enhancing Comstock's infrastructure with innovative CCUS partnerships will deliver exactly that,' said M. Jay Allison, CEO of Comstock Resources. 'We are excited about the opportunity to collaborate on carbon capture projects that align with Comstock's commitment to innovation and sustainability. BKV's leadership in carbon capture and storage innovation makes them the ideal partner for executing our vision.' About BKV Corporation Headquartered in Denver, Colorado, BKV Corporation (BKV) is a forward-thinking, growth-driven energy company focused on creating value for its stockholders. BKV's core business is to produce natural gas from its owned and operated upstream assets. BKV's overall business is organized into four business lines: natural gas production; natural gas gathering, processing and transportation; power generation; and carbon capture, utilization and sequestration. BKV (and its predecessor entity) was founded in 2015, and BKV and its employees are committed to building a different kind of energy company. BKV is one of the top 20 gas-weighted natural gas producers in the United States and the largest natural gas producer by gross operated volume in the Barnett Shale. BKV Corporation is the parent company for the BKV family of companies. About Comstock Resources Comstock Resources is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas. The Company's stock is traded on the New York Stock Exchange under the symbol CRK. Forward-Looking Statements The information in this press release includes forward-looking statements within the meaning of the federal securities laws. Forward-looking statements, which are not historical facts, include statements regarding BKV and Comstock's strategy, future operations, prospects, plans and objectives of management, and often contain words such as 'expect,' 'project,' 'estimate,' 'believe,' 'anticipate,' 'intend,' 'budget,' 'plan,' 'seek,' 'envision,' 'forecast,' 'target,' 'predict,' 'may,' 'should,' 'would,' 'could,' 'will,' the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, such as the negotiation and execution of definitive agreements. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements discussed in BKV and Comstock's filings with the United States Securities and Exchange Commission (the 'SEC'). Except as required by applicable law, BKV and Comstock undertake no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Yahoo
30-04-2025
- Business
- Yahoo
BKV Corp. and Comstock Resources Announce Collaboration Agreement to Accelerate Deployment of Carbon Capture Projects
DENVER & FRISCO, Texas, April 30, 2025--(BUSINESS WIRE)--BKV Corporation (NYSE: BKV) ("BKV") and Comstock Resources, Inc. (NYSE: CRK) ("Comstock") today announced an exclusive, non-binding agreement for BKV to develop carbon capture, utilization and sequestration ("CCUS") projects at two of Comstock's natural gas processing facilities in its Western Haynesville operating area. As part of the agreement, the companies plan to develop CCUS injection wells to permanently sequester carbon dioxide waste produced at Comstock's Bethel and Marquez natural gas processing and production facilities in Texas, as well as other locations. The terms of the prospective projects are subject to further negotiation and execution of one or more definitive agreements. The agreement seeks to combine BKV's proven and innovative CCUS capabilities with Comstock's position as a leading producer in the Haynesville shale, a premier natural gas basin in Northwest Louisiana and East Texas with direct access to the high value Gulf Coast markets and LNG corridor. "BKV is proud to bring our proven track record to the table as we deliver innovative solutions that meet rising energy demand while managing carbon emissions," said Chris Kalnin, CEO of BKV. "Collaborating with a premier partner like Comstock is a compelling opportunity to showcase how our CCUS portfolio can enable other natural gas producers to utilize low-carbon infrastructure and operate more sustainably. We view carbon capture as essential to the future of responsible energy, and this collaboration reflects a shared commitment to innovation, sustainability, and the long-term viability of natural gas. We're excited about what we can achieve together." "Industrial customers desire scalable, low-carbon energy solutions, and enhancing Comstock's infrastructure with innovative CCUS partnerships will deliver exactly that," said M. Jay Allison, CEO of Comstock Resources. "We are excited about the opportunity to collaborate on carbon capture projects that align with Comstock's commitment to innovation and sustainability. BKV's leadership in carbon capture and storage innovation makes them the ideal partner for executing our vision." About BKV CorporationHeadquartered in Denver, Colorado, BKV Corporation (BKV) is a forward-thinking, growth-driven energy company focused on creating value for its stockholders. BKV's core business is to produce natural gas from its owned and operated upstream assets. BKV's overall business is organized into four business lines: natural gas production; natural gas gathering, processing and transportation; power generation; and carbon capture, utilization and sequestration. BKV (and its predecessor entity) was founded in 2015, and BKV and its employees are committed to building a different kind of energy company. BKV is one of the top 20 gas-weighted natural gas producers in the United States and the largest natural gas producer by gross operated volume in the Barnett Shale. BKV Corporation is the parent company for the BKV family of companies. About Comstock ResourcesComstock Resources is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas. The Company's stock is traded on the New York Stock Exchange under the symbol CRK. Forward-Looking StatementsThe information in this press release includes forward-looking statements within the meaning of the federal securities laws. Forward-looking statements, which are not historical facts, include statements regarding BKV and Comstock's strategy, future operations, prospects, plans and objectives of management, and often contain words such as "expect," "project," "estimate," "believe," "anticipate," "intend," "budget," "plan," "seek," "envision," "forecast," "target," "predict," "may," "should," "would," "could," "will," the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, such as the negotiation and execution of definitive agreements. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements discussed in BKV and Comstock's filings with the United States Securities and Exchange Commission (the "SEC"). Except as required by applicable law, BKV and Comstock undertake no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. View source version on Contacts For BKV: Media ContactBecky EscottBKV CorporationSenior Director, Corporate Communicationsmedia@ Investor ContactsDavid TameronBKV CorporationChief Financial Officerinvestorrelations@ Caldwell BaileyICR, For Comstock:Ron MillsVP - Finance & Investor RelationsComstock Resources972-668-8834rmills@ Sign in to access your portfolio
Business Wire
28-04-2025
- Business
- Business Wire
BKV Corporation Announces 2025 Annual Meeting of Stockholders
DENVER--(BUSINESS WIRE)--BKV Corporation (NYSE: BKV) ('BKV' or the 'Company') today announced that it will hold its 2025 Annual Meeting of Stockholders on Thursday, June 19, 2025, at 9:00 a.m. Central Daylight Time at Ridglea Country Club, Ballroom, located at 3700 Bernie Anderson Avenue, Fort Worth, Texas 76116. The meeting will also be available virtually. The virtual broadcast of the meeting will be accessible at Stockholders of record as of the close of business on April 21, 2025, are entitled to attend, vote and ask questions during the meeting, either in-person or through the virtual platform. Virtual meeting participants may vote or submit questions during the meeting by entering the 16-digit control number included on the proxy card, voting instruction form, notice or email that they previously received. Online access to the virtual broadcast will open shortly prior to the start of the Annual Meeting. Guests without a control number may also attend the virtual meeting but will not have the option to vote shares or ask questions. Further information regarding the annual meeting is set forth in the proxy statement and other proxy materials for the annual meeting, which may be obtained (when available) without charge at the SEC's website at or at the investor relations section of BKV's website at About BKV Corporation Headquartered in Denver, Colorado, BKV Corporation (BKV) is a forward-thinking, growth-driven energy company focused on creating value for its stockholders. BKV's core business is to produce natural gas from its owned and operated upstream assets. BKV's overall business is organized into four business lines: natural gas production; natural gas gathering, processing and transportation; power generation; and carbon capture, utilization and sequestration. BKV (and its predecessor entity) was founded in 2015, and BKV and its employees are committed to building a different kind of energy company. BKV is one of the top 20 gas-weighted natural gas producers in the United States and the largest natural gas producer by gross operated volume in the Barnett Shale. BKV Corporation is the parent company for the BKV family of companies.
