Stronger Fundamentals Giving Gas Producers Upside Opportunities
The American Oil and Gas Reporter exclusively features BKV Corporation’s recent activity in their special report Natural Gas Playmakers in September 2021. Al Pickett and Danny Boyd write that with natural gas prices averaging their highest levels in years over the summer months, gas-weighted operators are seeing lots of reason for optimism as the market steadily marches toward a new winter heating season.
Eric Jacobsen, Chief Operating Officer at BKV, said, “Natural gas is in a much better place than it was a year ago. Structurally, the market looks strong.”
BKV closed its acquisition of Devon’s assets in the Barnett Shale in North Texas last October. Since then, the company has participated in a restimulation and refracturing program for the past several months. While Jacobsen admits that what BKV is doing with its refrac program could be a blueprint for what the future may hold for other basins, he contends that the distinct advantage it has is that much of the Barnett was drilled and completed in the earliest days of the shale revolution. “A lot of wells in other basins may not have as much untouched rock as we have in the Barnett,” he offers.
Click here to read more about BKV’s plan to begin new drilling programs in 2022 and its plans for turning gas to power.