BKV Adjusts IPO Price Down from $19-$21 to $18 per Share
Last week, MDN told you the time was finally right for BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu, Thailand’s largest coal mining company, to launch an initial public offering (see The Time is Now Right – BKV Launches IPO Hoping to Raise $315M). BKV, which is being carved out of Banpu to stand on its own, had hoped the IPO would raise between $19 and $21 per share (for 15 million shares), generating $285 – $315 million. Yesterday, BKV announced the IPO result, which came in slightly under the hoped-for amount. Read More “BKV Adjusts IPO Price Down from $19-$21 to $18 per Share”

In July, MDN brought you the news that the largest natural gas producer in the country, EQT Corporation, totally focused on drilling in the Marcellus/Utica, was still curtailing (intentionally reducing) some of its M-U production through the second half of 2024 (see
EQT CEO Toby Rice has been in New York City for the city’s so-called Climate Week. Rice (EQT) is a member of the Partnership to Address Global Emissions. Bloomberg is reporting on several comments made by Rice that are intriguing and insightful—comments about the coming important role of AI data centers, when the price of natural gas may begin to rise again, and just how high the price may hit. Buckle up as we crawl inside the head of Toby Rice… 


NATIONAL: Climate activist group endorses Harris; Tally of US wind & solar rejections hits 735; Diversified E&Ps rebalancing portfolios to crude oil as natural gas revenues sink; INTERNATIONAL: Is oil more likely to go to $60 or $100 in 2024?; Chevron paid more to African petrostates than the USA in 2023; 100+ global lawmakers urge Biden to reject new LNG exports.