BKV Implements State-of-the-Art Climate Technology for Responsibly Sourced Gas Production

November 9, 2021

DENVER, CO – November 9, 2021 – BKV Corporation (BKV), a national natural gas exploration and production company, announced today that they have partnered with Project Canary to produce certified Responsibly Sourced Gas (RSG) from its unconventional natural gas assets in Northeastern Pennsylvania as part of a commitment to sustainable energy production. Using real-time, continuous emissions monitoring of well pads, Project Canary and BKV aim to validate the high environmental standards by which natural gas is produced and that a market exists for differentiated RSG products.

“Part of our mission at BKV is to create long-term sustainable value in the energy industry. Partnering with Project Canary for operational certification and continuous emissions monitoring is one of the many investments we are making to achieve that goal,” said Chris Kalnin, Chief Executive Officer at BKV. “We foresee certified RSG driving demand for low carbon energy. We are looking forward to being an early mover in this space and expanding our sustainability efforts across our Marcellus and Barnett asset areas.”

Project Canary, an environmental certification and ESG data company, has developed the most rigorous qualitative and quantitative assessment of operations and transport in the energy sector, which allows for the assurance and marketability of cleaner natural gas, known as certified RSG.

“A data-driven approach to ESG is coming to Northeastern Pennsylvania,” said Chris Romer, CEO of Project Canary. “BKV’s decision to certify and continuously monitor emissions gets us one step closer to a regenerative energy future. Every molecule counts.”

BKV will produce certified RSG by deploying Project Canary’s high fidelity continuous methane emissions monitoring using Canary X hardware and real-time data platform.

“Appalachia is one of the lowest emission intensity basins, and we believe Project Canary’s third-party verification will help us maintain operational excellence and integrate environmental consciousness at every step of the production process,” said Lauren Read, Vice President of Northeastern Pennsylvania Operations at BKV. “BKV is excited to apply this technology, share our results with our stakeholders and bolster our reputation as a transparent and responsible operator in Northeastern Pennsylvania.”

BKV plans to use the Project Canary emissions monitoring and TrustWell certification, along with other ESG-forward technologies and applications, across their Marcellus operations and is evaluating additional opportunities for its large Barnett Shale asset base.

About BKV Corporation
Headquartered in Denver, Colorado, BKV Corporation (BKV) is a privately held natural gas exploration and production company that seeks to deliver reliable, sustainable energy to the community. Founded in 2015, BKV has over 200 employees across the U.S. that are committed to building a different kind of energy company. BKV is one of the top 20 natural gas producers in the United States and the largest natural gas producer in the Barnett Shale. BKV Corporation is the parent company for the BKV family of companies. For more information, visit www.bkvcorp.com.

About Project Canary
Project Canary is an independent certification organization that measures, tracks, and delivers trusted ESG data across the energy value chain. They are the leaders in the rating and certification of responsible energy operating practices and provide science and technology-backed emission profiles via continuous monitoring hardware synced with a real-time dashboard. Project Canary Upstream (TrustWell) Certifications, Midstream Certifications, and Canary Continuous Monitoring help identify the most responsible energy supply chain operators. Formed as a Public Benefit Corporation, Project Canary’s team of scientists, engineers, and seasoned industry operators have earned recognition for their uncompromising standards, including being named “Best for the World 2021” B Corp. To learn more, visit projectcanary.com.

Contacts:

Becky Escott
Director, Corporate Communications, BKV
BeckyEscott@bkvcorp.com

Lauren Sweeney
Director, Public Relations & Communications, Pennebaker
lauren@pennebaker.com