BKV IPO On Hold, M&A Deals Falling Apart Due to Low Gas Prices

CERAWeek, happening this week in Houston, Texas, is one of (perhaps THE) premier oil and gas conferences held each year. Everybody who's anybody attends, except for yours truly. Sometimes it's the things you (over)hear around the proverbial water cooler at such events that are more interesting than what is said from the stage or in media interviews. For example, Banpu's BKV, with major assets in the northeast Pennsylvania Marcellus, filed plans with the Securities and Exchange Commission late last year to launch an initial public offering (see Northeast PA Marcellus Driller BKV/Banpu Files with SEC for IPO). According to whispers Reuters heard at CERAWeek, the current low commodity price of natgas has put BKV's IPO plans on hold.

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