BKV Joins One Future Coalition to Reduce Methane Emissions
DENVER, CO – November 11, 2021 – BKV Corporation (BKV), a national natural gas exploration and production company, announced today that they have joined the Our Nation’s Energy Future (ONE Future) Coalition, a group of natural gas companies working together to voluntarily reduce methane emissions across the natural gas value chain to one percent, or less, by 2025. The group is comprised of some of the largest natural gas production, gathering and boosting, processing, transmissions and story, and distribution companies in the U.S. and represents more than 15 percent of the U.S. natural gas value chain. As a ONE Future member, BKV will report its 2020 methane results to the production sector and hold a seat on the board of directors.
Richard Hyde, Executive Director of ONE Future, said, “BKV has rapidly grown to become a top-20 natural gas producer in the U.S. and we are proud to have them as a member of the coalition. BKV is committed to safety, environmental stewardship, and actively engaging in the communities where they operate, and membership with ONE Future will enchase these commitments tenfold.”
Through the efforts of coalition members, ONE Future has surpassed its open percent goal in each of the three years that it has reported its methane intensity. The 2019 Methane Intensity Report, released in November 2020, registered a 2019 methane intensity number of 0.334 percent, beating gits one percent global by 67 percent. This means that methane emissions by coalition members consisted of only about one-third of one percent of all natural gas produced and delivered, demonstrating that the natural gas industry can minimize methane emissions and increase production and throughput while supplying much-needed energy to the U.S. and around the globe for years to come.
Chris Kalnin, CEO of BKV, said, “We are incredibly proud of our transparency with all of our stakeholders. We are intentionally focused on technical innovation, operational and ESG excellence, and capital discipline. Our membership with ONE Future is an important step in our ESG journey and we are excited to partner with like-minded peers in the industry who are committed to reducing our environmental impact.”
About BKV Corporation
Headquartered in Denver, Colorado, BKV Corporation (BKV) is a privately held natural gas exploration and production company that seeks to deliver reliable, sustainable energy to the community. Founded in 2015, BKV has over 200 employees across the U.S. that are committed to building a different kind of energy company. BKV is one of the top 20 natural gas produces in the United States and the largest natural gas producer in the Barnett Shale. BKV Corporation is the parent company for the BKV family of companies. For more information, visit www.bkvcorp.com.
About ONE Future
ONE Future was formed when seven companies came together in 2014 with a focus to collectively achieve a science-based average rate of methane emissions across our facilities equivalent to one percent (or less) of total natural gas production. Since our formation, we have grown to 42 companies accounting for some of the largest natural gas producers, transmission, and distribution companies in the U.S. ONE Future members operate in 13 out of the 38 production basins and other segments of the value chain operate in multiple regions of the country, hence ONE Future’s data represent a geographically diverse and material share of the U.S. natural gas supply chain. Its members include Antero Resources, Apache, Ascent Resources, Atmos Energy, Berkshire Hathaway Pipeline Group, BKV Corporation, Blue Racer Midstream, Boardwalk Pipeline Partners, LP, Caerus Oil & Gas, Crestone Peak Resources, Crestwood, Consolidated Edison, Inc., Dominion Energy, DTE Energy, Duke Energy, EagleClaw Midstream, Enbridge, Encino, Equitrans Midstream, Hess, Jonah Energy, Kinder Morgan, National Grid, New Jersey Natural Gas, Northeast Natural Energy, NW Natural, ONE Gas, ONEOK, Sempra Energy, Southern Company Gas, Southern Star, Southwestern Energy, Spire Energy, Summit Utilities, TC Energy, Tug Hill Operating, UGI, Western Midstream, Williams, Woodland Midstream and Xcel Energy. For more information visit www.onefuture.us.
Director of Marketing and Communications, BKV
Director, Public Relations & Communications, Pennebaker