Jacob Roberts

Scott Gruber

Bertrand Donnes

Betty Jiang

Timothy Rezvan

Betty (Wei) Jiang

Chris Baker

Geoff Jay

Jonathan Mardini

Nitin Kumar

Wei Jiang

- BKV Corporation entered into a Membership Interest Purchase Agreement (MIPA) on **August 7, 2025**, to acquire **100%** of the equity interests of Bedrock Production, LLC for approximately **$370 million**.  **[1838406_0001104659-25-095671_tm2527332d2_ex99-4.htm:13]**  The transaction is expected to close in the **second half of 2025**, subject to customary closing conditions.  **[1838406_0001104659-25-095671_tm2527332d2_ex99-4.htm:13]** 
- As of June 30, 2025, the estimated total consideration transferred for the acquisition was **$395,234 thousand**, comprising **$260,000 thousand** in cash, **$9,000 thousand** for early extinguishment of Bedrock debt, **$2,000 thousand** for derivative contract settlements, and **$124,234 thousand** in stock consideration.  **[1838406_0001104659-25-095671_tm2527332d2_ex99-5.htm:10]** 
- The pro forma combined natural gas proved developed and undeveloped reserves for BKV Corporation and Bedrock Energy Partners, LLC were **2,596,977 MMcf** as of December 31, 2024.  **[1838406_0001104659-25-095671_tm2527332d2_ex99-5.htm:14]** 
- The pro forma combined standardized measure of discounted future net cash flows related to proved reserves was **$833,110 thousand** as of December 31, 2024.  **[1838406_0001104659-25-095671_tm2527332d2_ex99-5.htm:16]**

BKV Corporation to acquire Bedrock Production, LLC

- BKV Upstream Midstream, LLC, a wholly owned subsidiary of BKV Corporation, announced an offering of **$500 million** aggregate principal of senior notes due 2030 in a private placement.  **[1838406_0001104659-25-091883_tm2526251d1_ex99-4.htm:1]** 
- The net proceeds from this offering are intended to fund the **cash portion of the purchase price for the Bedrock Acquisition** and repay a portion of outstanding borrowings under the RBL Credit Agreement.  **[1838406_0001104659-25-091883_tm2526251d1_ex99-4.htm:1]** 
- The Bedrock Acquisition involves BKV Upstream Midstream acquiring **100% of the equity interests of Bedrock Production, LLC**.  **[1838406_0001104659-25-091883_tm2526251d1_ex99-1.htm:0]** 
- The BKV 2030 Notes will be subject to a special mandatory redemption if the Bedrock Acquisition is not completed by **November 1, 2025**, or if the purchase agreement is terminated.  **[1838406_0001104659-25-091883_tm2526251d1_ex99-4.htm:1]** 
- After giving effect to the Bedrock Acquisition and the Notes Offering, BKV's total proved reserves as of June 30, 2025, would have been **5.2 Tcfe** based on SEC pricing.  **[1838406_0001104659-25-091883_tm2526251d1_8k.htm:3]**

BKV Announces Offering of Senior Notes Due 2030

BKV (BKV)