Energy Efficiency, GHG Emissions, Industrial  -  July 25, 2024

BKV's Overall Emissions Drop 38%

BKV Corporation (BKV), a natural gas producer in the Barnett Shale, announced a reduction of overall GHG emissions by over 38% compared to a 2021 baseline assessment.

BKV's Pad of the Future program was launched in 2021, and through it the company dramatically reduced GHG emissions and reduced Scope 1 emissions, particularly methane, through various operational and equipment upgrades. 

The program was implemented on over 3,200 wells and eliminated over 520,000 metric tons of CO2 equivalent per year. Combined with improved emission quantification methods and leak-detection and repair protocols — which together have eliminated an additional 420,000 metric tons of CO2 equivalent per year of Scope 1 and 2 GHG emissions — this represents a 38% reduction of BKV's Scope 1 and 2 GHG emissions from its 2021 baseline.

In 2023, BKV became one of the first companies in the U.S. to execute a built-for-purpose, commercial CCUS operation, in which CO2 is captured before being released into the atmosphere. The CO2 is permanently stored in deep underground formations. 

The project, known as Barnett Zero, was approved by the Texas Railroad Commissions and also has an EPA-approved monitoring, reporting and verification plan, as required by the Greenhouse Gas Reporting Program. More than a dozen additional CCUS projects are currently being explored by the company.

As detailed in its third annual Sustainability Report, BKV recently introduced a Scope 1, 2 and 3 carbon-neutral natural gas product — Carbon Sequestered Gas (CSG). The company expects to produce CSG by bundling its Responsibly Sourced Gas (RSG) with carbon credits sufficient to offset the RSG's estimated Scope 1, 2 and 3 GHG emissions, with the quantified emissions and the requisite volume of CCUS offsets being third-party certified and blockchain-verifiable.

"On every page, this report demonstrates how we live up to the high standards we set for ourselves," said BKV CEO Chris Kalnin in a statement. "Despite a downturn in commodity prices—perhaps in defiance of it—we continue to deliver on the commitments we make."