BKV Oil & Gas Capital Partners, L.P.’s Corporatization

Hunton Andrews Kurth assisted Banpu Public Company Limited (“Banpu”) and its Delaware holding affiliate Banpu North America Corporation in the capital contribution and corporatization of BKV Oil & Gas Capital Partners, L.P., and establishment of BKV Corporation. The transaction also involved Linklaters (Thailand) Limited and Fox Rothschild LLP as counsel for Kalnin Ventures, LLC.

BKV Corporation was registered under the laws of the United States of America with its authorized share capital of USD 1,500 million. The completion was announced on the Stock Exchange of Thailand notification on May 8th, 2020.

As lead counsel, EIT lawyers across the Bangkok and US offices mutually advised on all stockholder, equity financing and related documentation with the management shareholders to corporatize BKV Oil & Gas Partners, L.P.’s multi-million dollar portfolio of North American upstream and midstream oil and gas assets. This will position the company to further develop and scale up for an initial public offering on the New York Stock Exchange. The proceeds of the investment will, in part, be used to fund BNAC’s acquisition of the gas assets located in the Barnett Sale Basin in Texas, further increasing Banpu’s footprint in the US upstream and midstream oil and gas space.

The Hunton Andrews team was led by partner Chumbhot Plangtrakul (Picture) with assistance from associates Hyun Jin Ha in the Bangkok office and Erin Juvenal Jennings in the Houston office.

Involved fees earner: Hyun Jin Ha – Hunton Andrew Kurth; Erin Juvenal Jennings – Hunton Andrew Kurth; Chumbhot Plangtrakul – Hunton Andrew Kurth;

Law Firms: Hunton Andrew Kurth;

Clients: Banpu Public Company Limited;

Author: Michael Patrini