FORT WORTH, TEXAS — (April 26, 2023) — Black Mountain Oil and Gas (BMOG) is pleased to announce the signing of a Memorandum of Understanding (MOU) with Korea National Oil Corporation (KNOC), to explore potential collaborations and partnerships.
The MOU outlines a mutual agreement between the two companies to engage in discussions and explore various opportunities for cooperation, joint ventures, and technology transfers. This partnership will leverage the strengths and expertise of both companies to enhance the value chain in the oil and gas industry.
“We are excited to collaborate with KNOC on this initiative and explore new avenues for growth and innovation,” said Rhett Bennett, CEO of Black Mountain. “This MOU represents a significant step forward for both companies, and we are confident that our combined capabilities and resources will lead to successful outcomes.”
The signing ceremony took place on April 26 at Black Mountain’s headquarters in downtown Fort Worth, Texas. It was attended by Dr. Dong Sub Kim, KNOC President, Mr. Gil Joon Sinn, President of KNOC Eagle Ford USA, Rhett Bennett, CEO of Black Mountain, Jacob Smith, CFO of Black Mountain, George Witman, President of Black Mountain Oil and Gas, and Steve Kim, President of Bond TI.
ABOUT BLACK MOUNTAIN
Black Mountain is a United States-based natural resources operator, founded in 2007, which has invested more than $US2b in natural resources assets globally.
Black Mountain specializes in identifying and capturing high-growth opportunities within the energy and natural resources space. The company has deep expertise in the onshore tight gas sector, from exploration through to development and production.
Black Mountain has operations in three countries, including Australia. It has safely drilled more than 2,750 tight gas wells using hydraulic fracture stimulation techniques and over time has safely operated and monitored more than 19,000 wells. To learn more, please visit www.blackmtn.com.
ABOUT KOREA NATIONAL OIL CORPORATION
Korea National Oil Corporation is the national oil and gas company of South Korea and one of the most important industrial companies in the country. The company has operated and continues to operate oil and gas fields in Vietnam, Peru, Indonesia, Nigeria, Yemen, Kazakhstan, Russia, Canada, Venezuela and South Korea.
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