Kalnin Ventures adds to Marcellus shale portfolio with acquisition

Kalnin Ventures LLC, an affiliate of BKV Oil & Gas Capital Partners LP in Denver, has entered into an agreement to expand its natural gas leasehold in the Marcellus shale play in Pennsylvania, reports Oil & Gas Journal. The news site says Kalnin will acquire the northeast Marcellus holdings of Warren Resources Inc. in Wyoming County for $105 million and possibly two further payments of $3.75 million each, depending on natural gas prices. The deal will be Kalnin’s sixth acquisition in 30 months in the Marcellus shale play. For more, read the full story.