- Global downturn in natural gas prices impacting operations and budgets.
- Expansion of emissions footprint due to Exxon Barnett Acquisition.
- Logistical hurdles in implementing Pad of the Future program in urban-adjacent areas.
BKV Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, BKV Corporation disclosed greenhouse gas emissions of 1.55 Mtpy CO2e (Scope 1 & 2, owned and operated upstream and midstream businesses as of Dec 31, 2023). By scope: Scope 1: 1.55 Mtpy CO2e (2023); Scope 2: 0.02 Mtpy CO2e (2023); Scope 3: 18.7 Mtpy CO2e (2023, estimated). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.55 Mtpy CO2e (Scope 1 & 2, owned and operated upstream and midstream businesses as of Dec 31, 2023)
2023
Renewable Energy
4.8% (of total energy use, 2023)
of total energy
Water Usage
1.3525 million cubic meters (total freshwater, Barnett and NEPA, 2023)
2023
Waste
14.0K tons (non-hazardous total solids 2023); 1171 tons (hazardous total solids 2023)
2023
Energy Use
40.3 thousand MWh (net purchased electricity, 2023)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.55 Mtpy CO2e (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0.02 Mtpy CO2e (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 18.7 Mtpy CO2e (2023, estimated) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 1.55 Mtpy CO2e (Scope 1 & 2, owned and operated upstream and midstream businesses as of Dec 31, 2023) |
| 2021 | 1.62 million MTCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Commenced commercial sequestration of CO2 at BKV’s first CCUS project, Barnett Zero.
- Reduced overall GHG emissions by over 38% compared to 2021 baseline year emissions.
- Completed implementation of elements of our POTF program on approximately 3,200 wells, achieving a reduction in estimated annual GHG emissions of approximately 520,000 metric tons per year of CO2e.
- Approximately 70% of NEPA gas and 45% of Barnett gas received “Gold” ratings from Project Canary Low Methane Verified Attribute.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Net zero Scope 1 and 2 emissions from owned and operated upstream and natural gas midstream businesses by the early 2030s.
🔭 Long-term
- Net zero Scope 1, 2 and 3 emissions from owned and operated upstream and natural gas midstream businesses by the late 2030s.
🌱 ESG Focus Areas
Greenhouse Gas EmissionsClimate ChangeEmployee Health and SafetyCommunity Relations and EngagementEmergency Preparedness and ResponseCapital Expenditures on ESG-related initiatives