demand / volume
“This decrease was due to lower volumes of CO 2 waste sequestered during the year ended December 31, 2025 , reflecting routine fluctuations in activity levels that occur as part of our normal operations.”
BKV 10-K
Confirmed
Oil & Gas Midstream
12 names are moving together; 83% are participating in the current session.
3 observed Confirmed episodes
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| VAL | Valaris Limited | Energy | +2.6% | 2/13 observed active sessions |
| BKV | BKV Corporation | Energy | +2.0% | Group member |
| SHEL | Shell PLC | Energy | +2.1% | 1/13 observed active sessions |
| ET | Energy Transfer LP | Energy | +2.7% | 3/13 observed active sessions |
| E | ENI S.p.A. | Energy | +3.7% | 3/13 observed active sessions |
| PBA | Pembina Pipeline Corp. | Energy | +4.4% | 5/13 observed active sessions |
| RIG | Transocean Ltd (Switzerland) | Energy | +3.1% | Group member |
| PBR | Petroleo Brasileiro S.A. Petrob | Energy | +3.4% | 2/13 observed active sessions |
| TRGP | Targa Resources, Inc. | Energy | +2.2% | 2/13 observed active sessions |
| TTE | TotalEnergies SE | Energy | +3.4% | 5/13 observed active sessions |
| IMO | Imperial Oil Limited | Energy | +2.4% | 3/13 observed active sessions |
| PNRG | PrimeEnergy Resources Corporati | Energy | +3.7% | Group member |
Why we believe this
Cohort
12 namesParticipation
83% this sessionObserved history
20 daily buildsFiling coverage
7/12 memberscredit / rates affecting interest expense
“These increases were partially offset by $2.4 million 50 Table of Contents and $1.3 million of lower interest expense on the RBL Credit Agreement and the Temple Term Loan Facility, respectively, compared to the same period in 2025.”
BKV 10-Q
demand / volume affecting expense
“In addition, other operating expenses increased due to a $6.0 million increase in gas purchases resulting from higher volumes and natural gas prices, a $5.6 million write-off related to an enterprise resource planning system, a $1.7 million increase in legal matters, and $1.5 100 Table of Contents million in project write-offs.”
BKV 10-K
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
FTI
PBRcustomer · Not moving with the group now
Filing receipt · FTI / PBR
“In our New Energy business, we are executing multiple first-of-its-kind project awards, including the Mero 3 HISEP® project for Petrobras offshore Brazil.”
PBR · customer
XOM
BKVsupplier · Not moving with the group now
Filing receipt · XOM / BKV
“For the assets we acquired in the Exxon Barnett Acquisition, approximately 90% of our natural gas is gathered and transported through an agreement assigned to our wholly…”
BKV · supplier
LPG
SHELcustomer · Not moving with the group now
Filing receipt · LPG / SHEL
“As of May 22, 2026, all twenty-seven of our VLGCs, including the six time chartered-in vessels, were deployed in the Helios Pool.”
SHEL · customer
SUN
ETpartner · Moving with the group now · 115 min observed
Filing receipt · SUN / ET
“These forward-looking statements are based on our current plans and expectations and involve a number of risks and uncertainties that could cause actual results and even…”
ET · partner
DVN
BKVsupplier · Not moving with the group now
Filing receipt · DVN / BKV
“For the assets we acquired in the Devon Barnett Acquisition, approximately 95% of our natural gas is gathered and transported by ONEOK through various contracts that gov…”
BKV · supplier
History
2026-07-07 → 2026-07-134 observed active sessions · 0% of active names held across the episode
2026-06-24 → 2026-07-026 observed active sessions · 0% of active names held across the episode
2026-06-12 → 2026-06-173 observed active sessions · 0% of active names held across the episode