Our carbon.
Our commitment.
No more passing the buck. It’s time for energy companies to own their impact. As of November 2023, BKV's first carbon capture and sequestration (CCS) project is officially online.
Owning our impact.
Our strategy is straightforward. Our emissions are our responsibility, and we are owning our impact. In our commitment to achieving net zero Scope 1 and Scope 2 emissions for our owned and operated upstream and natural gas midstream operations by the early 2030s, we are taking concrete steps now to address our emissions first rather than purchasing carbon offsets alone.
Barnett Zero
Our first purpose-drilled, Class II commercial carbon sequestration well injecting CO₂ waste from natural gas processing plants in the United States. BKV and EnLink are among the first energy companies to have commercial carbon capture and sequestration operations in the nation.
- Location: Bridgeport, TX
- Initial Injection: November 2023
- Approximate Annual Sequestration Rate: 185,000 metric tons of CO₂e
- Daily, Barnett Zero can remove enough carbon to offset the emissions of 40,000 automobiles
CCS in Action
Our intent is to reshape the energy industry by taking climate change seriously. Impatient for innovation, we’re focusing on point-to-point sequestration to capture carbon dioxide and permanently store it deep underground—quickly, safely and profitably—completely offsetting the combustion value of our natural gas.
What is carbon capture, utilization and sequestration?
Carbon capture, utilization and sequestration (CCUS) is the process of capturing and permanently sequestering carbon dioxide, which reduces the amount of pollutive carbon dioxide in the atmosphere. Our process will involve capturing CO₂ before it is released into the atmosphere and then compressing and transporting it via pipeline to sites where it can be injected into underground injection control (“UIC”) wells.
Making sustainability our business.
When it comes to sustainability, we mean business. Our dedicated business unit, dCarbon Ventures, is focused on driving CCUS innovations and project development. With carbon sequestration fundamental to our sustainability plans, we expect dCarbon Ventures to be an area of significant growth for our company.
Sustainability is more than just a word.
- Decreased 2024 Scope 1 and 2 emissions from our operated upstream and midstream businesses by approximately 38% from 2023, bringing us closer to our net-zero target.
- Successfully and safely operated our inaugural CCS project, Barnett Zero, for over one year, sequestering approximately 165,000 metric
tons of CO2e in 2024 and achieving life-to-date sequestration of approximately 173,325 metric tons of CO2e through December 31, 2024. - In 2024, in connection with our POTF Program, our transition to compressed air systems for natural gas-powered pneumatics contributed to the elimination of an estimated 139,000 metric tons of CO2e from our annual Scope 1 emissions.
- Achieved production output meeting the stringent
low methane intensity standard of 0.2%, aligning
with industry-leading low-emissions benchmarks. - Introduced production output meeting the stringent low methane intensity standard of 0.2%, aligning with industry-leading low-emissions benchmarks.
- Enhanced our safety program by expanding hands-on training, conducting targeted hazard assessments and improving acc
Filled 37% of open positions through internal promotions, supporting employee growth and career development.
Contributed over $160,000 in social investments to support our local communities, while our employees dedicated over 500 hours of
community service.Completed our Initial Public Offering (IPO); BKV common stock began trading on NYSE on September 26, 2024.
Refreshed our Materiality Assessment, reinforcing sustainability priorities with business objectives.
Strengthened collaboration between our EHSR, Operations and IT teams to drive cross-functional innovation.