Oaktree Invests $100 Million, Pledges Additional $600 Million to BKV

Updated 5 months 4 weeks ago

Banpu Kalnin Ventures (BKV) announced that funds managed by Oaktree Capital Management have invested $100 million in preferred equity in BKV towards BKV’s deal with Devon Energy, acquiring Devon’s assets in the Barnett Shale. Through this strategic partnership, Oaktree has committed to invest an additional $600 million in future agreed opportunities in natural gas. Banpu is committed to expanding to natural gas holdings in the U.S., and Banpu and BKV are committed to continue acquiring proved developed producing (PDP) weighted unconventional gas assets. Guggenheim Securities acted as an advisor to BKV.