This week, BKV Carbon Project Operating, LLC received a key air permit for its Lima Tango CCS 1 project in McMullen County, Texas, clearing the way for full commercial operation of carbon capture and sequestration infrastructure tied to one of the state’s most prolific gas corridors.

BKV Corporation (NYSE: BKV) has taken another major step forward in its carbon capture strategy with the development of the Cotton Cove CCS 1 project, a new carbon capture and sequestration (CCS) facility tied to a currently operating natural gas processing plant in South Texas. The project recently reached a key regulatory milestone, receiving a Project-by-Rule (PBR) New Registration Notice under Project #400218, officially marked as COMPLETE on November 3, 2025.

Recent drilling and permitting activity indicates that BKV Barnett LLC, a subsidiary of BKV Corporation, is approaching the completion stage on its SANDFIELD L P 17 (AW) lease in Denton County, Texas. The cadence between the license issuance, spud dates, and the air permit filing clearly signals that well completions and facility tie-ins are next.

BKV Corporation (NYSE: BKV) has announced a significant step forward in its carbon capture and sequestration (CCS) strategy with the development of a new CCS facility at a natural gas processing plant in South Texas. This project, which reached its final investment decision (FID) in December 2024, marks a pivotal expansion in BKV’s commitment to reducing carbon emissions in the oil and gas sector.

Last week BKV was approved by the Texas Commission on Environmental Quality (TCEQ) approved permit #RN111773610 for the construction of a “BARNETT ZERO CO2 COMPRESSOR STATION” to be built in Wise, CountyTX.

BKV Corporation completed the acquisition of natural gas and midstream assets in a shale field in the US state of Texas from two subsidiaries of Exxon Mobil Corporation.