• Latest
  • Trending
  • All
  • News
  • BUSINESS
  • SCIENCE
  • LIFESTYLE
  • TECH
Tellurian Completes Haynesville Basin Acquisition

Tellurian Completes Haynesville Basin Acquisition

August 18, 2022
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire

USDA Announces Upcoming Changes to the World Agricultural … – USDA.gov

March 23, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire

J.D. Power & LMC Automotive U.S. Automotive Forecast for March … – Business Wire

March 23, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire

Renesas’ New RZ/T2L Industrial MPU Enables Fast and Accurate … – Business Wire

March 23, 2023
Kevin Love surprises Cameron Boozer with Gatorade Player of the Year

Kevin Love surprises Cameron Boozer with Gatorade Player of the Year

March 23, 2023
Liam Payne & Kate Cassidy Hold Hands On Date Night In London: Photos – Hollywood Life

Liam Payne & Kate Cassidy Hold Hands On Date Night In London: Photos – Hollywood Life

March 23, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire

Chemours Appoints Denise Dignam President, Titanium … – Business Wire

March 23, 2023
eLearning For Physicians: A Perfect Choice

eLearning For Physicians: A Perfect Choice

March 23, 2023
Gucci Campaign Stars Halle Bailey, Hanni, and Julia Garner Talk Personal Style

Gucci Campaign Stars Halle Bailey, Hanni, and Julia Garner Talk Personal Style

March 23, 2023
Homemade Sriracha Mayo | The Recipe Critic

Homemade Sriracha Mayo | The Recipe Critic

March 23, 2023
Breast Cancer Treatment: Emotions After It’s Over

Breast Cancer Treatment: Emotions After It’s Over

March 23, 2023
During WWII the Japanese Created A Law To Commit War Crimes

During WWII the Japanese Created A Law To Commit War Crimes

March 23, 2023
Rethinking Our Drinking + Sarah Bessey

Rethinking Our Drinking + Sarah Bessey

March 23, 2023
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds
No Result
View All Result
No Result
View All Result
Home PRESS RELEASE

Tellurian Completes Haynesville Basin Acquisition

by Minnesota Digital News
August 18, 2022
in PRESS RELEASE
0
Tellurian Completes Haynesville Basin Acquisition
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


HOUSTON–(BUSINESS WIRE)–Tellurian Inc. (Tellurian) (NYSE American: TELL) today announced that its wholly owned subsidiary, Tellurian Production LLC (TPC), has closed the previously announced acquisition of certain assets in the Haynesville from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners, LLC. The cash consideration at closing was $125.5 million, revised from the announced $125 million due to preliminary purchase price adjustments. The consideration was funded with cash on hand.

Tellurian President and CEO Octávio Simões said, “This closing represents significant progress for Tellurian and our business model. By owning and operating upstream assets, a pipeline network and the Driftwood LNG terminal, Tellurian will have the ability to sell natural gas into domestic or international markets. This combination of assets represents a compelling value for our shareholders.”

John Howie, President of TPC, commented, “The EnSight acquisition is an excellent strategic and operational fit for Tellurian. The combination of our existing assets with this acquisition results in an acreage position of more than 20,000 acres and an inventory of more than 275 high return, de-risked drilling locations, most of which we can drill opportunistically for incremental free cash flow.”

Preliminary production outlook

With the closing of the EnSight acquisition, TPC has current production of approximately 150 million cubic feet/day (MMcfd) from assets in the Haynesville basin. In addition, TPC operates 11 wells currently being drilled or completed, all of which TPC expects to turn to sales before the end of the year. These new wells are expected to increase TPC’s production rate to approximately 250 MMcfd.

About Tellurian Inc.

Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol “TELL”.

For more information, please visit www.tellurianinc.com. Follow us on Twitter at twitter.com/TellurianLNG

CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “assume,” “believe,” “budget,” “estimate,” “expect,” “forecast,” “initial,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, the capacity, timing, and other aspects of the Driftwood LNG project, the benefits of Tellurian’s business model and the acquisition and pro forma wells, production, capital projects, locations and cash flows. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2021 filed by Tellurian with the Securities and Exchange Commission (the SEC) on February 23, 2022, and other Tellurian filings with the SEC, all of which are incorporated by reference herein. The forward-looking statements in this press release speak as of the date of this release. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.





Source link

Share196Tweet123Share49
Minnesota Digital News

Minnesota Digital News

Saint Paul
◉
25°
Sunny
7:09 am7:28 pm CDT
Feels like: 16°F
Wind: 8mph NW
Humidity: 71%
Pressure: 30.17"Hg
UV index: 1
FriSatSunMon
45/28°F
41/25°F
39/23°F
39/19°F
Weather forecast Saint Paul, Minnesota ▸
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire
PRESS RELEASE

USDA Announces Upcoming Changes to the World Agricultural … – USDA.gov

by Minnesota Digital News
March 23, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire
PRESS RELEASE

J.D. Power & LMC Automotive U.S. Automotive Forecast for March … – Business Wire

by Minnesota Digital News
March 23, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire
PRESS RELEASE

Renesas’ New RZ/T2L Industrial MPU Enables Fast and Accurate … – Business Wire

by Minnesota Digital News
March 23, 2023
Kevin Love surprises Cameron Boozer with Gatorade Player of the Year
SPORTS

Kevin Love surprises Cameron Boozer with Gatorade Player of the Year

by Minnesota Digital News
March 23, 2023
Liam Payne & Kate Cassidy Hold Hands On Date Night In London: Photos – Hollywood Life
CELEBRITY

Liam Payne & Kate Cassidy Hold Hands On Date Night In London: Photos – Hollywood Life

by Minnesota Digital News
March 23, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire
PRESS RELEASE

Chemours Appoints Denise Dignam President, Titanium … – Business Wire

by Minnesota Digital News
March 23, 2023
eLearning For Physicians: A Perfect Choice
Education

eLearning For Physicians: A Perfect Choice

by Minnesota Digital News
March 23, 2023
Gucci Campaign Stars Halle Bailey, Hanni, and Julia Garner Talk Personal Style
FASHION

Gucci Campaign Stars Halle Bailey, Hanni, and Julia Garner Talk Personal Style

by Minnesota Digital News
March 23, 2023
Homemade Sriracha Mayo | The Recipe Critic
FOOD

Homemade Sriracha Mayo | The Recipe Critic

by Minnesota Digital News
March 23, 2023
Breast Cancer Treatment: Emotions After It’s Over
HEALTH

Breast Cancer Treatment: Emotions After It’s Over

by Minnesota Digital News
March 23, 2023
During WWII the Japanese Created A Law To Commit War Crimes
HISTORY

During WWII the Japanese Created A Law To Commit War Crimes

by Minnesota Digital News
March 23, 2023
Rethinking Our Drinking + Sarah Bessey
Religion

Rethinking Our Drinking + Sarah Bessey

by Minnesota Digital News
March 23, 2023
Amazon Best Home Items Online Available Kitchen Products Storage trolley Racks Amazon latest offers
Shopping

Amazon Best Home Items Online Available Kitchen Products Storage trolley Racks Amazon latest offers

by Minnesota Digital News
March 23, 2023
‘Gerbil banking’ preceded the Great Depression. We’re seeing it again today
BUSINESS

‘Gerbil banking’ preceded the Great Depression. We’re seeing it again today

by Minnesota Digital News
March 23, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire
PRESS RELEASE

IMF Executive Board Approves US$918 million Under the Extended … – International Monetary Fund

by Minnesota Digital News
March 23, 2023
The FTC wants to ban those tough-to-cancel gym and cable subscriptions
TECH

The FTC wants to ban those tough-to-cancel gym and cable subscriptions

by Minnesota Digital News
March 23, 2023
Keep Your Dog Safe With an LED Collar That Has 18,500+ 5-Star Reviews
ENTERTAINMENT

Keep Your Dog Safe With an LED Collar That Has 18,500+ 5-Star Reviews

by Minnesota Digital News
March 23, 2023
What’s the Best Party Snack of All Time? This.
LIFESTYLE

What’s the Best Party Snack of All Time? This.

by Minnesota Digital News
March 23, 2023
Better Than BRRRR!? How to Make $200K+ on ONE Deal
REAL ESTATE

Better Than BRRRR!? How to Make $200K+ on ONE Deal

by Minnesota Digital News
March 23, 2023
Minnesota Digital News

Copyright © 2022 Minnesota Digital News

Navigate Site

  • Disclaimer
  • Privacy Policy
  • Copyright Notice
  • Anti Spam Policy
  • Medical Disclaimer
  • DMCA Compliance
  • Terms and Conditions
  • Social Media Disclaimer
  • Amazon Affiliate disclaimer

Follow Us

No Result
View All Result
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds

Copyright © 2022 Minnesota Digital News