American Oil and Gas Reporter - December 2022 - 82

IndustryFocus: Companies, People and Products
BKV Registers With SEC
To Indicate Potential IPO
DENVER-BKV Corp. has filed a
registration statement on Form S-1 with
the U.S. Securities and Exchange Commission
relating to a proposed initial public
offering of shares of its common stock.
BKV notes the offering is subject to
market and other conditions, and there
can be no assurance as to whether or
when the offering may be completed.
The number of shares to be offered and
the price range for the offering have not
yet been determined, the company adds.
According to BKV, Credit Suisse,
BofA Securities, Barclays, Citigroup,
Evercore ISI and Jefferies are acting as
joint book-running managers for the proposed
offering, while TPH&Co., the energy
business of Perella Weinberg Partners,
Susquehanna Financial Group LLLP and
SMBC Nikko are acting as co-managers.
Once the prospectus is available, copies
can be obtained from Credit Suisse, BofA
Securities or Barclays Capital Inc. To
get a copy from Credit Suisse, mail a request
to Credit Suisse Securities (USA)
LLC, Attention: Prospectus Department,
Eleven Madison Avenue, 3rd floor, New
York, New York 10010; call 800-2211037;
or email usa.prospectus@creditsuisse.com.
❒
TGS
announces Beyond Far East 3D, a new onshore seismic program encompassing 59
square miles in Mitchell County, Tx. This area of the Midland Basin includes historic production
from the Clear Fork, Strawn, Sprayberry and Upper Wolfcamp intervals, TGS
notes. The company says the new survey is designed to assist in evaluating and
developing multiple zone potential, including the emerging Wolfcamp D, which presents
itself on the eastern edge of the Midland Basin. Data acquisition is scheduled to begin
in the first quarter of 2023, with final data available early in the third quarter of that year.
For more information, visit www.tgs.com.
SLB Purchases Gyrodata To Boost Wellbore Quality
HOUSTON-SLB announces it has
entered an agreement to acquire Gyrodata
Inc. SLB says the transaction will integrate
Gyrodata's wellbore placement and surveying
technologies within SLB's well
construction business.
This combination will improve wellbore
quality and reduce drilling risk to
unlock even the most remote and complex
reservoirs, SLB says. The company explains
that integrating three-axis solid
state gyro measurements with the latest
SLB technological innovations will help
ensure tighter trajectory control, reduce
data acquisition time and improve decision-making,
resulting in greater overall
drilling efficiency.
" The integration of Gyrodata's innovative
sensors and proprietary technologies
within SLB's drilling and logging suites
will result in the most accurate and highly
optimized well placement services in the
industry, " predicts Jesus Lamas, president
of well construction for SLB. " This will
transform drilling technology designs
while advancing SLB's autonomous, selfsteering
capabilities. "
Ascent Resources has donated STEM program curricula and supplies to students in
eastern Ohio. The donation served roughly 2,100 students, 11 schools and over 70
classrooms in Guernsey, Noble, Belmont, Jefferson and Harrison counties, the company
details. Staff spent weeks ordering, organizing, packing and distributing boxes
for students to enjoy, Ascent says, noting the experiment materials came from the
Ohio Oil and Gas Energy Education program. " This was a huge project for Ascent Resources
and a labor of love for our company, " reflects Amanda Finn, Ascent's director
of external affairs. " Ascent has been passionate about STEM for years and truly
wanted to make an impact in Ohio; not only providing funds to the program, but also
providing tangible items for students to use and experience in their classrooms to
learn more about oil and gas through the STEM program. " For more information, visit
https://ascentresources.com or www.oogeep.org.
82 THE AMERICAN OIL & GAS REPORTER
" After more than 42 years as an independent
company, we are ecstatic about
becoming a part of SLB, " comments Robert
Trainer, Gyrodata's president and chief
executive officer. " This combination will
create important synergies between our
technology platforms, bringing immediate
and significant benefits for our customers. "
The transaction is subject to regulatory
approvals and is expected to close toward
the end of 2022, Schlumberger notes.
For more information, please visit
https://investorcenter.slb.com or www.gyrodata.com.
❒

American Oil and Gas Reporter - December 2022

Table of Contents for the Digital Edition of American Oil and Gas Reporter - December 2022

Contents
American Oil and Gas Reporter - December 2022 - Intro
American Oil and Gas Reporter - December 2022 - Cover1
American Oil and Gas Reporter - December 2022 - Cover2
American Oil and Gas Reporter - December 2022 - 3
American Oil and Gas Reporter - December 2022 - 4
American Oil and Gas Reporter - December 2022 - Contents
American Oil and Gas Reporter - December 2022 - 6
American Oil and Gas Reporter - December 2022 - 7
American Oil and Gas Reporter - December 2022 - 8
American Oil and Gas Reporter - December 2022 - 9
American Oil and Gas Reporter - December 2022 - 10
American Oil and Gas Reporter - December 2022 - 11
American Oil and Gas Reporter - December 2022 - 12
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American Oil and Gas Reporter - December 2022 - Cover3
American Oil and Gas Reporter - December 2022 - Cover4
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