Tellurian Has Held Talks With Chesapeake Energy on Louisiana Fields

Tellurian Inc. TELL 1.54%  is in talks to buy Chesapeake Energy Corp.’s CHK -2.30% Louisiana drilling fields as it seeks to become a producer as well as exporter of natural gas, according to people familiar with the matter.

Chesapeake, a pioneer of the shale boom, has been selling off some of the vast holdings assembled by its late co-founder Aubrey McClendon as it struggles with low energy prices and a mountain of debt it took on to lock up drilling rights for swaths of land.

Tellurian is the latest venture by Charif Souki, who developed the first terminals to liquefy natural gas and export it from the U.S. Gulf Coast as founder of Cheniere Energy Inc.  The company, which has few assets, has said it is looking to acquire drilling fields near a coastal site where it plans to build an export facility, to sell fuel overseas…

 

Click Here For Remainder of Article 

Posted in: LOGA News

About the Author:

Post a Comment