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.