The Tellurian Production LLC team consists of oil and gas upstream industry leaders in engineering, geoscience, land, operations and finance who have led the drilling and completion of over 1,500 horizontal wells in more than 10 unconventional resource basins across North America. Their knowledge and expertise in the exploitation of unconventional resource plays provides integral support for Tellurian as we continue to acquire, develop and manage natural gas assets to supply long-term, low cost production to Driftwood LNG.
On November 16, 2017, Tellurian Production LLC closed an agreement with Rockcliff Energy Operating LLC (“Rockcliff”) to purchase natural gas producing assets and undeveloped acreage in northern Louisiana for $85.1 million, subject to customary adjustments.
The assets include approximately four million cubic feet per day of natural gas production, approximately 1.3 Tcf of gas resource, and approximately 138 drilling locations, which Tellurian believes will be able to be produced and delivered to market for an estimated $2.25 per mmBtu. The assets are 100% held by production and 92% operated, allowing Tellurian to control the pace of development for its multi-year drilling inventory.
In total, Tellurian holds more than 11,000 net acres and operated 20 wells in the prolific Haynesville Shale US natural gas basin stretching across Louisiana and Texas.