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Natural gas production and processing joint stock company BKV Corp. (BKV) filed a $100 million initial public offering proposal.
BKV does not specify in its profile how many shares it is looking to offer or price, but indicates in one Application fee schedule attached that it is looking to raise as much as $100 million, a number that is likely to hold a place and is subject to change.
The company hopes to list its shares on the NYSE under the symbol BKV. Top booksellers include Credit Suisse, BofA Securities, Barclays, Citigroup, Evercore ISI and Jefferies.
Headquartered in Colorado, BKV is a producer, processor, and carrier of natural gas derived primarily from the Barnett Shale of the Fort Worth Basin in Texas and the Marcellus Shale of the Appalachian Basin in the Northeast. Pennsylvania. The company is also involved in electricity generation, carbon capture and sequestration.
The company is profitable. For the nine-month period ended September 30, BKV reported net income of $154 million on total revenue of $520 million.
BKV is the latest oil and gas company to file an offering. Other recent videographers include TXO . energyalso known as MorningStar, and Permex Oil and Gas (OTCQB: OIL).
