BKV Adjusts IPO Price Down from $19-$21 to $18 per Share

Last week, MDN told you the time was finally right for BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu, Thailand’s largest coal mining company, to launch an initial public offering (see The Time is Now Right – BKV Launches IPO Hoping to Raise $315M). BKV, which is being carved out of Banpu to…

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The Time is Now Right – BKV Launches IPO Hoping to Raise $315M

Earlier this year, the Wall Street Journal published an article about BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu, Thailand’s largest coal mining company (see Bumpy Financial Road for BKV – Company Bets on Carbon Capture). The article pulled the curtain back to give us a better view of what happened with the…

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SRBC Restricts Shale Gas Water Withdrawals at 7 Locations in NE PA

A couple of interesting developments with the Susquehanna River Basin Commission (SRBC), which, unlike its dysfunctional cousin, the Delaware River Basin Commission (DRBC), the SRBC continues to allow water withdrawals to supply water for shale fracking in northeastern Pennsylvania. The first development is that over the weekend (on Saturday), the SRBC Hydrologic Conditions Monitor showed…

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Thailand’s Banpu Lays Out Net Zero Path for U.S. Subsidiary BKV

Over the past seven-plus years, BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu (96% owned by Banpu, Thailand’s largest coal mining company), has become one of the top 20 gas-weighted natural gas producers in the U.S. BKV originally entered the American shale sector by investing $500 million in 2016-2017 to buy existing Marcellus…

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