Exxon sells Barnett Shale asse

2022-07-05

Exxon sells Barnett Shale assets to BKV Corp. in $750M deal

Privately-held BKV Corp. said Friday it purchased natural gas upstream and midstream infrastructure in Texas' Barnett Shale region from Exxon Mobil (NYSE:XOM) $Exxon Mobil(XOM)$for $750M.

Depending on future natural gas prices, additional contingent payments may be incurred.

BKV said it is acquiring ~160K acres primarily in Tarrant, Johnson and Parker counties, with upstream assets that include low decline wells, as well as 750 miles of gathering pipelines, compression and processing midstream infrastructure.

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Comments

LuckyPiggie
2022-07-05
LuckyPiggie
good business strategy 👏
- gogostocks:
  OK
jamesjoe0213
2022-07-05
jamesjoe0213
nice share
- Noob6:
  Ok
ThaiGirl
2022-07-05
ThaiGirl
Yes. Good strategy. Cash is king.
Andie8392
2022-07-05
Andie8392
thanks for sharing.. good post
Remotecam
2022-07-05
Remotecam
thanks for sharing. valueble info.
Nanamoney
2022-07-05
Nanamoney
will price goes up ?

Leave a comment

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Good strategy. Cash is king.","text":"Yes. Good strategy. Cash is king.","html":"Yes. Good strategy. 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