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Bangkok Post
Bangkok Post
Business

Banpu grows gas business through $750m acquisition

Banpu United States SET Exxon Mobil Exxon Mobil Corporation BPP
Gas equipment installed at Barnett shale field in Texas.

SET-listed non-oil energy conglomerate Banpu continues to expand its gas businesses in the US by acquiring a new asset in the Barnett shale field from Exxon Mobil Corporation for US$750 million.

BKV Corporation, which is majority owned by Banpu, recently signed an agreement to buy the natural gas and midstream gas business from XTO Energy Inc and Barnett Gathering Llc, two subsidiaries of Exxon Mobil.

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