Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) today announced that it intends to offer and sell units consisting of 11.25% senior secured notes due 2027 ($1,000 principal amount per note) and warrants to purchase shares of Tellurian common stock in an underwritten public offering. There can be no assurance as to whether or when the offering may be completed, or as to the size or terms of the offering. The Company intends to use the net proceeds from the offering by contributing them to the Driftwood Project entities to support the construction of the Driftwood Project.
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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 reports 47% increase in natural gas production for second quarter 2022. Read the full press release here: https://ir.tellurianinc.com/press-releases/detail/267/tellurian-reports-47-increase-in-natural-gas-production
Tellurian Inc. (Tellurian) (NYSE American: TELL) ended the second quarter with $823 million of cash on hand. During the quarter, Tellurian generated $61.3 million in revenues from natural gas sales on an increase of production of approximately 47% as compared to the previous quarter. Subsequent to the quarter end, Tellurian entered into an agreement to acquire various natural gas assets located on approximately 5,000 net acres and including 44 producing wells.
A new corporate presentation is available for Tellurian Inc. (NYSE American: TELL). The presentation will include forward-looking information.
Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that its wholly owned subsidiary Tellurian Production LLC (TPC) has entered into an agreement to purchase natural gas assets from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners, LLC (collectively EnSight) located in the Haynesville Shale.
The purchase price is $125 million, subject to customary closing adjustments, and a contingent payment of $7.5 million which is based on the price of natural gas and may be payable in March 2023 under certain conditions. Tellurian will fund the purchase with cash on hand and anticipates closing on the EnSight assets in the third quarter of 2022. The effective date of the transaction is August 1, 2022…
Executive Chairman Charif Souki speaks on LNG industry happenings and contingency plans for the long term success of our Driftwood project.
Tellurian Inc. (Tellurian) (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) have announced that Baker Hughes has been awarded a contract by Driftwood Pipeline LLC, a subsidiary of Tellurian Inc., to provide electric-powered Integrated Compressor Line (ICL) technology and turbomachinery equipment for Lines 200 and 300, a natural gas transmission project, proposed to be located in Beauregard and Calcasieu Parishes, in southwest Louisiana.
Executive Chairman Charif Souki speaks on the benefits of producing natural gas within our business model.
Executive Chairman Charif Souki gives his assessment of the global LNG market as it is now, how COVID has affected the market over time and geopolitical changes. Major players are out of the market and all energy sources have increased in price. It is still a luxury in the western world to decide how to manage our energy demand such as turning off lights and deciding what type of car to drive. What is the narrative for the industry? Listen in to find out more.