ONE Future Welcomes BKV Corporation
April 21, 2021 – Our Nation’s Energy Future (ONE Future) today announced that BKV Corporation (BKV) has joined the Coalition. BKV is a privately held natural gas exploration & production company that seeks to invest in attractive upstream oil and gas opportunities in North America with the goal of creating long-term sustainable value in the energy industry.
“BKV has grown rapidly to become a top-20 natural gas producer in the United States and we are proud to have them as a member of the coalition,” said Richard Hyde, Executive Director, ONE Future. “BKV is committed to safety, environmental stewardship, and actively engaging in the communities where they operate, and membership with ONE Future will enhance these commitments tenfold.”
The ONE Future Coalition is a group of natural gas companies working together to voluntarily reduce methane emissions across the Natural Gas value chain to 1% (or less) by 2025, and is comprised of some of the largest natural gas production, gathering & boosting, processing, transmission & storage and distribution companies in the U.S. and represents more than 15% of the U.S. natural gas value chain. As a ONE Future member, BKV will report its 2020 methane results as part of the production sector and hold a seat on the board of directors.
“BKV is proud of its transparency with all of its stakeholders,” said Chris Kalnin, CEO, BKV Corporation. “We are a company that is intentionally focused on technical innovation, operational and ESG excellence, and capital discipline. Our membership with ONE Future is one important step in our ESG journey, and we are proud to be a part of this coalition of like-minded peers who are committed to reducing our impact on the environment.”
Through the efforts of coalition members, ONE Future has surpassed its one 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%: beating its one percent goal by 67%. This means that methane emissions by coalition members across the natural gas value chain 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.
About BKV Corporation
BKV Corporation is a privately held natural gas exploration & production company that seeks to invest in attractive upstream oil and gas opportunities in North America with the goal of creating long-term sustainable value in the energy industry. BKV currently has assets in the northeast Marcellus Shale in Pennsylvania and in the Barnett Shale in north Texas and is headquartered in Denver, Colorado. The company has grown rapidly from its formation in June 2015 to become a top-20 natural gas producer in the United States. 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 more than 40 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.
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