The Tellurian Production LLC team consists of oil and gas upstream professionals in engineering, geoscience, land, operations and finance with a combined experience of over 200 years developing US unconventional shale reservoirs. 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. Tellurian has since been operating and optimizing our upstream asset. As of 3Q18, the asset includes approximately 3.3 million cubic feet per day of natural gas production, approximately 1.4 Tcf of gas resource, with over 120 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 90% held by production and 85% operated, allowing Tellurian to control the pace of development for its multi-year drilling inventory.
In total, Tellurian holds more than 10,000 net acres and operated 20 wells in the prolific Haynesville Shale US natural gas basin.