By September 7, 2017 0 Comments Read More →

Tellurian enters into agreement to acquire core Haynesville acreage, production and midstream assets

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A wholly-owned subsidiary of Tellurian Inc. (Tellurian) (NASDAQ:TELL) has entered into an agreement with a private seller to acquire natural gas producing assets and undeveloped acreage in northern Louisiana for $85.1 million. The transaction is scheduled to close by the end of November 2017 subject to customary closing conditions.

The assets are located in Red River, DeSoto and Natchitoches Parishes, and include:

  • 9,200 net acres with up to 138 operated Haynesville and Bossier drilling locations
  • Approximately 1.3 trillion cubic feet (Tcf) of total natural gas resource potential

 

 

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