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BKV Corp. (BKV) natural gas producer and processor has announced a $100M public offering.
BKV did not specify in the filing how many shares it intends to offer or the price, but it did indicate. in an written salary schedule that it wants to raise up to $100M, a number that is probably a place and could change.
The company hopes to list its shares on the NYSE under the symbol BKV. Lead bookmakers include Credit Suisse, BofA Securities, Barclays, Citigroup, Evercore ISI and Jefferies.
Based in Colorado, BKV is a producer, processor and transporter of natural gas extracted primarily from the Barnett Shale of the Fort Worth Basin in Texas and the Marcellus Shale of the Appalachian Basin in Northeast Pennsylvania. The company also deals in electricity generation and carbon capture and removal.
The company is profitable. For nine months ended Sept. 30, BKV reported $154M of total revenue of $520M.
BKV is the latest oil and gas company to make an offer. Other recent filings include TXO Energy, also known as MorningStar, and Permex Petroleum (OTCQB:OILCD).
