Kalnin Ventures LLC makes fifth acquisition in Marcellus Shale
Tuesday, October 24, 2017
Kalnin Ventures LLC recently made its fifth acquisition in the Marcellus Shale over the last two years, according to the Denver Business Journal.
The company spent $210 million to purchase oil and natural gas assets in the northeast portion of the Marcellus Shale, in Wyoming County and Susquehanna County, Pennsylvania. Kalnin’s investor in the deal is BKV Oil and Gas Capital Partners, LP, which is owned by Thailand-based coal mining and power generation company, Banpu Pcl.
In the past two years, Kalnin has spent $417 million on five deals in the Marcellus Shale, making it one of the top 20 natural gas producers in Pennsylvania.
Learn more: Denver Business Journal > Denver investment firm buys bigger into Pennsylvania natural gas wells
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