DENVER--(BUSINESS WIRE)--Apr 3, 2025--
BKV Corporation (“BKV” or the “Company”) (NYSE: BKV) today announced it has appointed Dilanka Seimon as Chief Commercial Officer, effective immediately. In this newly created role, Seimon will be responsible for strengthening the Company’s commercial midstream, gas marketing and new products teams, leveraging its carbon capture, utilization and sequestration (“CCUS”) portfolio and strong tailwinds in power demand.
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A seasoned global energy executive with over 20 years of expertise across the energy value chain, Seimon has held strategy and commercial leadership roles across the upstream and midstream energy industries, driving strategic transformation and growth at companies spanning production, consumption, trading, and transportation of diverse energy commodities. He brings a proven track record in developing midstream assets, marketing upstream portfolios, advancing low-carbon initiatives, and large-scale contract negotiations and stakeholder engagement.
“Dilanka has broad, highly relevant experience within publicly traded companies identifying strategic and commercial opportunities, successfully setting and managing market development and expansion expectations with key stakeholders through multiple stages of growth,” said Chris Kalnin, CEO of BKV. “His extensive background in advancing markets for gas, power and carbon, combined with his strategic vision, will be critical as we aim to strengthen BKV’s position in the upstream, midstream, carbon capture and growing power market with a focus on driving long-term value. We all look forward to working with him in building upon BKV’s strong foundation for growth.”
Most recently, Seimon served as Executive Vice President and Chief Commercial Officer at EnLink Midstream (NYSE: ENLC), responsible for businesses across gathering, processing, transport, storage and terminal services in the oil, gas, NGL, and carbon segments. Prior to EnLink, he served as Vice President of Alternative Energy at Energy Transfer and as Vice President Sales and Marketing at BHP, leading teams responsible for logistics and marketing of BHP's global oil, gas, NGL, and LNG production portfolio, as well as energy procurement for BHP. Previously, he held various roles in natural gas trading, marketing, and origination.
Seimon is a graduate of the General Management Program at Harvard Business School. He also received a Master of Business Administration from Duke University's Fuqua School of Business and a Bachelor of Science in Economics from Georgia College & State University.
“I strongly believe in BKV’s market opportunity to advance its vision of delivering sustainable energy across the fast-growing gas and power markets,” said Seimon. “The company’s market-leading platform for the safe and profitable production of carbon neutral natural gas is well-positioned for scale-up and I am very excited to join BKV’s executive team to help drive superior execution in the years ahead.”
About BKV Corporation
Headquartered in Denver, Colorado, BKV Corporation (BKV) is a forward-thinking, growth-driven energy company focused on creating value for its stockholders. BKV's core business is to produce natural gas from its owned and operated upstream assets. BKV’s overall business is organized into four business lines: natural gas production; natural gas gathering, processing and transportation; power generation; and carbon capture, utilization and sequestration. BKV (and its predecessor entity) was founded in 2015, and BKV and its employees are committed to building a different kind of energy company. BKV is one of the top 20 gas-weighted natural gas producers in the United States and the largest natural gas producer by gross operated volume in the Barnett Shale. BKV Corporation is the parent company for the BKV family of companies.
Forward-Looking Statements
The information in this press release includes forward-looking statements within the meaning of the federal securities laws. Forward-looking statements, which are not historical facts, include statements regarding BKV’s strategy, future operations, prospects, plans and objectives of management, and often contain words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “budget,” “plan,” “seek,” “envision,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements discussed in BKV’s filings with the United States Securities and Exchange Commission (the “SEC”), including the “Risk Factors” section of the prospectus filed by BKV with the SEC on September 27, 2024. BKV undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
SOURCE: BKV Corporation
BKV Appoints Dilanka Seimon as Company’s First Chief Commercial Officer
WASHINGTON (AP) — House Republicans narrowly approved their budget framework on Thursday, a political turnaround after Speaker Mike Johnson worked into the night to satisfy GOP holdouts who had refused to advance trillions of dollars in tax breaks without deeper spending cuts.
Johnson stood with Senate Majority Leader John Thune early in the morning at the Capitol and said President Donald Trump's “big, beautiful bill,” which seeks as much as $1.5 trillion in cuts to federal programs and services, was on track. The speaker had abruptly halted voting Wednesday night.
“I believe we have the votes,” said Johnson, R-La. “We’ll take the next big step.”
Thune, R-S.D., also tried to assure House conservatives that many GOP senators are aligned with their pursuit of spending reductions.
“We certainly are going to do everything we can,” Thune said.
The 216-214 vote pushed the budget plan forward, one more milestone for Johnson, who could only lose a few detractors from his slim Republican majority. A failed vote, particularly as the economy was convulsing over Trump’s trade wars, would have been a major setback for the party's agenda in Washington.
Trump, at a black-tie fundraising dinner this week, had admonished Republicans to "stop grandstanding” on the budget.
By Thursday morning, Trump had shifted his tone, posting on social media that it's “coming along really well."
“Biggest Tax Cuts in USA History!!! Getting close,” Trump said.
The House action was a crucial next step in a lengthy process to unlock the centerpiece to the president's domestic agenda of tax cuts, mass deportations and a smaller federal government. There are weeks, if not months, ahead, on a final product, with more votes in Congress. Democrats, in the minority, lack the votes to stop the package, but they have warned against it.
But by Wednesday afternoon, the outcome was in flux. At least a dozen conservative Republicans, if not more, were firmly against the plan. Several of them, including members of the ultraconservative Freedom Caucus, made the unusual move of walking across the Capitol to meet privately with Senate GOP leaders to insist on deeper cuts.
As night fell, Johnson pulled a group of Republicans into a private meeting room as House proceedings came to a standstill. They stayed into the night hashing out alternatives, and were back at it in the morning.
Johnson said he spoke with Trump for about five minutes while the GOP meeting was taking place. The speaker said they were trying to figure out the minimal number of cuts and savings “that will satisfy everyone.”
“The president is very anxious for us to get this done,” Johnson said.
But House GOP conservatives, including several of those who met with Trump this week, were concerned that the Senate GOP's blueprint, approved last weekend, did not cut spending to the level they believe necessary to help prevent soaring deficits.
“The Math Does Not Add Up,” Rep. Chip Roy, R-Texas, posted earlier on social media.
Rep. Andy Harris, R-Md., the caucus chair, led others to met with the senators.
“All we can do is make sure that they understand where we’re coming from and how close we want to work with them to get to the final product,” Thune said afterward.
But he panned the idea of the House sending back an amended version, which would require another potential all-night voting session like the one senators endured last weekend. “We can’t do that,” Thune said.
The House and Senate are at the beginning phase of a process that will take weeks, if not months, as they turn their budget resolutions into legislative text — a final product with more votes ahead later this spring or summer.
House Democratic leader Hakeem Jeffries of New York said the budget plan is reckless and callous, proposing cuts to give tax breaks to the wealthy.
“We’re here to make it clear,” Jeffries said. “Hands off everyday Americans struggling to make ends meet.”
Central to the budget framework is the Republican effort to preserve the tax breaks approved in 2017, during Trump's first term, while potentially adding the new ones he promised during his 2024 campaign. That includes no taxes on tipped wages, Social Security income and others, ballooning the price tag to some $7 trillion over the decade.
The package also allows for budget increases with some $175 billion to pay for Trump's deportation operation and as much for the Defense Department to bolster military spending.
It would be partly paid for with deep cuts to domestic programs, including health care, as part of the $2 trillion in reductions outlined in the House version. Several Republican senators have signaled they are not willing to go that far.
To clip costs, the Senate is using an unusual accounting method that does not count the costs of preserving the 2017 tax cuts, some $4.5 trillion, as new spending, another factor that is enraging the House conservatives.
Two Republican senators voted “no” last weekend. Maine Sen. Susan Collins objected to Medicaid cuts in the House's framework, while Kentucky Sen. Rand Paul argued the whole package relied on “fishy” math that would add to the debt.
The plan would also raise the nation's debt limit to allow more borrowing to pay the bills. Trump had wanted lawmakers to take the politically difficult issue off the table. With debt now at $36 trillion, the Treasury Department has said it will run out of funds by August.
But the House and Senate need to resolve their differences on the debt limit, as well. The House GOP increases the debt limit by $4 trillion, but the Senate lifted it to $5 trillion so Congress would not have to revisit the issue again until after the midterm elections in November 2026.
With Trump's trade wars hovering over the debate, House Republicans tucked a provision into a procedural vote that would prevent House action — as the Senate has taken — to disapprove of Trump’s tariffs.
Associated Press writers Mary Clare Jalonick, Stephen Groves, Leah Askarinam and Matt Brown contributed to this report.
Rep. Chip Roy, R-Texas, right, and Rep. Scott Perry, R-Pa., members of the conservative House Freedom Caucus, meet outside of the closed-door House Republican Conference as Speaker of the House Mike Johnson, R-La., talks to fellow Republicans to push for a House-Senate compromise budget resolution to advance President Donald Trump's agenda, at the Capitol in Washington, Tuesday, April 8, 2025. (AP Photo/J. Scott Applewhite)
Rep. Jim McGovern, D-Mass., the ranking member of the House Rules Committee, challenges Budget Committee Chairman Jodey Arrington, R-Texas, as President Donald Trump's top domestic priorities on spending reductions and tax breaks are prepared for a floor vote, at the Capitol in Washington, Wednesday, April 9, 2025. (AP Photo/J. Scott Applewhite)
House Budget Committee Chairman Jodey Arrington, R-Texas, joined at right by Rep. Brendan Boyle, D-Pa., the ranking member, defends the Republican plan to advance President Donald Trump's top domestic priorities on spending reductions and tax breaks as the House Rules Committee prepares the measure for a floor vote, at the Capitol in Washington, Wednesday, April 9, 2025. (AP Photo/J. Scott Applewhite)
Speaker of the House Mike Johnson, R-La., leaves the chamber after an essential procedural vote passed in the House to advance President Donald Trump's top domestic priorities on spending reductions and tax breaks, at the Capitol in Washington, Wednesday, April 9, 2025. (AP Photo/J. Scott Applewhite)
Rep. Chip Roy, R-Texas, a member of the conservative House Freedom Caucus, listens as the Republican plan to advance President Donald Trump's top domestic priorities on spending reductions and tax breaks is prepared in the House Rules Committee for a floor vote, at the Capitol in Washington, Wednesday, April 9, 2025. The deficit hawk has blasted the GOP plan drawing the ire of both Trump and House Speaker Mike Johnson. (AP Photo/J. Scott Applewhite)
Speaker of the House Mike Johnson, R-La., talks to reporters about his push for a House-Senate compromise budget resolution to advance President Donald Trump's agenda, even with opposition from hard-line conservative Republicans, at the Capitol in Washington, Tuesday, April 8, 2025. (AP Photo/J. Scott Applewhite)
