BKV Corp. and Comstock Resources Announce Collaboration Agreement to Accelerate Deployment of Carbon Capture Projects
BKV Corp and Comstock Resources have announced an exclusive partnership to develop carbon capture projects in Texas. The non-binding agreement focuses on implementing CCUS (Carbon Capture, Utilization and Sequestration) projects at Comstock's Bethel and Marquez natural gas processing facilities in the Western Haynesville area.
The collaboration combines BKV's proven CCUS capabilities with Comstock's position as a leading producer in the Haynesville shale, which provides direct access to Gulf Coast markets and the LNG corridor. The partnership aims to permanently sequester carbon dioxide waste from these facilities and potentially other locations.
CEOs Chris Kalnin (BKV) and M. Jay Allison (Comstock) emphasized their shared commitment to sustainability and innovation in natural gas production. The initiative seeks to deliver scalable, low-carbon energy solutions to industrial customers while enhancing Comstock's infrastructure through innovative CCUS partnerships.
BKV Corp e Comstock Resources hanno annunciato una partnership esclusiva per sviluppare progetti di cattura del carbonio in Texas. L'accordo non vincolante si concentra sull'implementazione di progetti CCUS (Cattura, Utilizzo e Stoccaggio del Carbonio) presso gli impianti di lavorazione del gas naturale Bethel e Marquez di Comstock nell'area occidentale di Haynesville.
La collaborazione unisce le comprovate capacità di CCUS di BKV con la posizione di Comstock come produttore leader nello scisto di Haynesville, che garantisce un accesso diretto ai mercati della Costa del Golfo e al corridoio LNG. L'obiettivo della partnership è sequestrare in modo permanente l'anidride carbonica residua da questi impianti e potenzialmente da altre sedi.
I CEO Chris Kalnin (BKV) e M. Jay Allison (Comstock) hanno sottolineato il loro impegno condiviso verso la sostenibilità e l'innovazione nella produzione di gas naturale. L'iniziativa punta a offrire soluzioni energetiche a basse emissioni di carbonio e scalabili ai clienti industriali, migliorando al contempo l'infrastruttura di Comstock attraverso partnership innovative nel settore CCUS.
BKV Corp y Comstock Resources han anunciado una asociación exclusiva para desarrollar proyectos de captura de carbono en Texas. El acuerdo no vinculante se centra en implementar proyectos CCUS (Captura, Utilización y Almacenamiento de Carbono) en las instalaciones de procesamiento de gas natural Bethel y Marquez de Comstock, ubicadas en el área occidental de Haynesville.
La colaboración combina las capacidades comprobadas de CCUS de BKV con la posición de Comstock como productor líder en la formación de esquisto de Haynesville, que ofrece acceso directo a los mercados de la Costa del Golfo y al corredor de GNL. La asociación busca secuestrar permanentemente el dióxido de carbono residual de estas instalaciones y posiblemente de otras ubicaciones.
Los CEOs Chris Kalnin (BKV) y M. Jay Allison (Comstock) destacaron su compromiso compartido con la sostenibilidad y la innovación en la producción de gas natural. La iniciativa pretende ofrecer soluciones energéticas escalables y bajas en carbono a clientes industriales, mientras mejora la infraestructura de Comstock mediante asociaciones innovadoras en CCUS.
BKV Corp와 Comstock Resources가 텍사스에서 탄소 포집 프로젝트를 개발하기 위한 독점 파트너십을 발표했습니다. 이 비구속적 합의는 서부 헤인즈빌 지역에 위치한 Comstock의 Bethel 및 Marquez 천연가스 처리 시설에서 CCUS(탄소 포집, 이용 및 저장) 프로젝트를 실행하는 데 중점을 둡니다.
이번 협력은 BKV의 검증된 CCUS 역량과 헤인즈빌 셰일의 선도 생산자인 Comstock의 위치를 결합하여 걸프 코스트 시장 및 LNG 회랑에 직접 접근할 수 있게 합니다. 파트너십의 목표는 이 시설들 및 잠재적으로 다른 장소에서 발생하는 이산화탄소 폐기물을 영구적으로 저장하는 것입니다.
CEO인 Chris Kalnin(BKV)과 M. Jay Allison(Comstock)은 천연가스 생산에서의 지속 가능성과 혁신에 대한 공동의 의지를 강조했습니다. 이 이니셔티브는 산업 고객에게 확장 가능하고 저탄소 에너지 솔루션을 제공하는 동시에 혁신적인 CCUS 파트너십을 통해 Comstock의 인프라를 강화하는 것을 목표로 합니다.
BKV Corp et Comstock Resources ont annoncé un partenariat exclusif pour développer des projets de captage du carbone au Texas. Cet accord non contraignant vise à mettre en œuvre des projets CCUS (Captage, Utilisation et Stockage du Carbone) dans les installations de traitement de gaz naturel Bethel et Marquez de Comstock, situées dans la région ouest de Haynesville.
Cette collaboration combine les capacités éprouvées de CCUS de BKV avec la position de Comstock en tant que producteur majeur dans le schiste de Haynesville, offrant un accès direct aux marchés de la côte du Golfe et au corridor GNL. Le partenariat a pour objectif de séquestrer de manière permanente le dioxyde de carbone résiduel de ces installations et potentiellement d'autres sites.
Les PDG Chris Kalnin (BKV) et M. Jay Allison (Comstock) ont souligné leur engagement commun en faveur de la durabilité et de l'innovation dans la production de gaz naturel. L'initiative vise à fournir des solutions énergétiques évolutives et à faible émission de carbone aux clients industriels, tout en renforçant l'infrastructure de Comstock grâce à des partenariats CCUS innovants.
BKV Corp und Comstock Resources haben eine exklusive Partnerschaft zur Entwicklung von Kohlenstoffabscheidungs-projekten in Texas bekannt gegeben. Die unverbindliche Vereinbarung konzentriert sich auf die Umsetzung von CCUS-Projekten (Carbon Capture, Utilization and Sequestration) an den Erdgasverarbeitungsanlagen Bethel und Marquez von Comstock im westlichen Haynesville-Gebiet.
Die Zusammenarbeit vereint die bewährten CCUS-Fähigkeiten von BKV mit Comstocks Position als führender Produzent im Haynesville-Schiefer, der direkten Zugang zu den Märkten an der Golfküste und dem LNG-Korridor bietet. Ziel der Partnerschaft ist es, Kohlendioxid-Abfälle aus diesen Anlagen und möglicherweise weiteren Standorten dauerhaft zu speichern.
Die Geschäftsführer Chris Kalnin (BKV) und M. Jay Allison (Comstock) betonten ihr gemeinsames Engagement für Nachhaltigkeit und Innovation in der Erdgasproduktion. Die Initiative zielt darauf ab, skalierbare, kohlenstoffarme Energielösungen für Industriekunden bereitzustellen und gleichzeitig Comstocks Infrastruktur durch innovative CCUS-Partnerschaften zu verbessern.
- Strategic partnership with BKV to develop carbon capture projects at two natural gas facilities
- Access to BKV's proven CCUS capabilities and infrastructure
- Potential to enhance competitive advantage by offering low-carbon energy solutions to industrial customers
- Facilities located in premium Haynesville shale with direct access to Gulf Coast markets and LNG corridor
- Agreement is non-binding and subject to further negotiation
- No financial terms or investment amounts disclosed
- Implementation timeline not specified
Insights
Comstock's carbon capture partnership signals sustainability intent but lacks binding terms or financial details.
Comstock Resources has entered an exclusive, non-binding agreement with BKV Corporation to develop carbon capture projects at two of its Texas natural gas processing facilities. This strategic initiative aligns with increasing industrial customer demand for lower-carbon energy solutions in the marketplace.
The partnership targets Comstock's Bethel and Marquez natural gas processing facilities, leveraging BKV's established capabilities in carbon capture, utilization and sequestration (CCUS). While potentially enhancing Comstock's environmental positioning, investors should note the preliminary nature of this arrangement—the agreement explicitly remains subject to further negotiation and requires definitive agreements to move forward.
This collaboration could strengthen Comstock's competitive standing in the Haynesville shale region, characterized as a "premier natural gas basin" with strategic access to Gulf Coast markets and the LNG corridor. However, the announcement contains no financial terms, implementation timeline, or specific carbon reduction targets. The non-binding status indicates Comstock is exploring sustainable operational improvements while maintaining flexibility regarding specific project parameters.
Non-binding CCUS agreement positions Comstock to potentially meet growing demand for lower-carbon natural gas products.
This collaboration between Comstock and BKV represents an emerging industry trend where natural gas producers invest in carbon management infrastructure to enhance their environmental profile. The agreement specifically focuses on sequestering carbon dioxide waste from Comstock's processing operations—addressing a significant emissions source in the production chain.
The Haynesville shale's proximity to Gulf Coast markets and LNG export facilities makes this carbon capture initiative strategically relevant. LNG buyers globally are increasingly demanding natural gas with verified lower emissions profiles. By developing CCUS capabilities at its Texas facilities, Comstock appears to be positioning for this market evolution, though without committing to binding terms yet.
If implemented, this technology could potentially allow Comstock to market its production as lower-carbon natural gas, providing differentiation in an increasingly environmentally conscious marketplace. However, the press release provides no emission reduction targets, certification standards, or implementation timeline. The non-binding nature indicates this remains in planning stages with execution specifics yet to be determined, limiting immediate operational impact.
DENVER, CO AND FRISCO, TX, April 30, 2025 (GLOBE NEWSWIRE) -- BKV Corporation (NYSE: BKV) (“BKV”) and Comstock Resources, Inc. (NYSE: CRK) ("Comstock") today announced an exclusive, non-binding agreement for BKV to develop carbon capture, utilization and sequestration (“CCUS”) projects at two of Comstock’s natural gas processing facilities in its Western Haynesville operating area.
As part of the agreement, the companies plan to develop CCUS injection wells to permanently sequester carbon dioxide waste produced at Comstock’s Bethel and Marquez natural gas processing and production facilities in Texas, as well as other locations. The terms of the prospective projects are subject to further negotiation and execution of one or more definitive agreements.
The agreement seeks to combine BKV’s proven and innovative CCUS capabilities with Comstock’s position as a leading producer in the Haynesville shale, a premier natural gas basin in Northwest Louisiana and East Texas with direct access to the high value Gulf Coast markets and LNG corridor.
“BKV is proud to bring our proven track record to the table as we deliver innovative solutions that meet rising energy demand while managing carbon emissions,” said Chris Kalnin, CEO of BKV. “Collaborating with a premier partner like Comstock is a compelling opportunity to showcase how our CCUS portfolio can enable other natural gas producers to utilize low-carbon infrastructure and operate more sustainably. We view carbon capture as essential to the future of responsible energy, and this collaboration reflects a shared commitment to innovation, sustainability, and the long-term viability of natural gas. We’re excited about what we can achieve together.”
“Industrial customers desire scalable, low-carbon energy solutions, and enhancing Comstock’s infrastructure with innovative CCUS partnerships will deliver exactly that,” said M. Jay Allison, CEO of Comstock Resources. “We are excited about the opportunity to collaborate on carbon capture projects that align with Comstock’s commitment to innovation and sustainability. BKV’s leadership in carbon capture and storage innovation makes them the ideal partner for executing our vision.”
About BKV Corporation
Headquartered in Denver, Colorado, BKV Corporation (BKV) is a forward-thinking, growth-driven energy company focused on creating value for its stockholders. BKV's core business is to produce natural gas from its owned and operated upstream assets. BKV’s overall business is organized into four business lines: natural gas production; natural gas gathering, processing and transportation; power generation; and carbon capture, utilization and sequestration. BKV (and its predecessor entity) was founded in 2015, and BKV and its employees are committed to building a different kind of energy company. BKV is one of the top 20 gas-weighted natural gas producers in the United States and the largest natural gas producer by gross operated volume in the Barnett Shale. BKV Corporation is the parent company for the BKV family of companies.
About Comstock Resources
Comstock Resources is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas. The Company's stock is traded on the New York Stock Exchange under the symbol CRK.
Forward-Looking Statements
The information in this press release includes forward-looking statements within the meaning of the federal securities laws. Forward-looking statements, which are not historical facts, include statements regarding BKV and Comstock’s strategy, future operations, prospects, plans and objectives of management, and often contain words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “budget,” “plan,” “seek,” “envision,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, such as the negotiation and execution of definitive agreements. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements discussed in BKV and Comstock’s filings with the United States Securities and Exchange Commission (the “SEC”). Except as required by applicable law, BKV and Comstock undertake no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
For BKV:
Media Contact
Becky Escott
BKV Corporation
Senior Director, Corporate Communications
media@bkvcorp.com
Investor Contacts
David Tameron
BKV Corporation
Chief Financial Officer
investorrelations@bkvcorp.com
Caldwell Bailey
ICR, Inc.
BKVIR@icrinc.com
For Comstock:
Ron Mills
VP - Finance & Investor Relations
Comstock Resources
972-668-8834
rmills@comstockresources.com
SOURCE: BKV Corporation
FAQ
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