One-Page Deal Sheet
Exxon to Sell Barnett Shale Portfolio to BKV for $750 Million
BKV Corporation, Kalnin Ventures LLC ExxonMobil
Announced Date
May 19,2022
Close Date
July 01,2022
Transaction Type
Property
Enterprise Value (EV)($MM)
750
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent - North Texas
Country
United States
State
Texas
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
BKV Corporation announced that its subsidiaries have closed on the purchase of natural gas upstream and associated midstream infrastructure in the Barnett Shale region of North Texas from XTO Energy, Inc., and Barnett Gathering LLC, subsidiaries of Exxon Mobil Corporation, for $750 million. Depending on future natural gas prices, additional contingent payments may be incurred along with typical closing adjustments.
Chris Kalnin, Chief Executive Officer of BKV, said, “We are excited to welcome approximately 130 new employees to our team, expand our footprint in the Barnett, and move one step…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Aug-12-2025 |
-  |
- |
Click here | Texas | E&P |
| Jul-28-2022 |
- |
- |
Click here | Texas | E&P |
| Dec-18-2019 |
- |
- |
Click here | Texas | E&P |
| Sep-13-2019 |
- |
- |
Click here | Louisiana | E&P |
| Feb-25-2019 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Aug-12-2025 | BKV Acquires More Barnett Shale Assets | - |
- |
| Dec-18-2019 | Devon Sells Barnett Shale Assets to Kalnin for $830 Million | - |
- |
| Aug-02-2018 | Conoco Sells Off Barnett Shale Assets for $230 Million | - |
- |