Aethon Energy to Acquire Tellurian Integrated Upstream Assets [Yahoo! Finance]
Tellurian Inc. (TELL)
Last tellurian inc. earnings: 2/24 07:00 am
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ir.tellurianinc.com
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Source: Yahoo! Finance
HOUSTON & DALLAS, May 29, 2024 BUSINESS WIRE )--Tellurian Inc. (NYSE American: TELL) and Aethon Energy Management LLC (Aethon) announced an agreement for Aethon to acquire Tellurian's integrated upstream assets for $260 million, alongside a Heads of Agreement for Aethon to purchase two million tons per annum (mtpa) of liquified natural gas (LNG) from Tellurian's Driftwood LNG plant. The assets will expand Aethon's footprint in the Louisiana Haynesville and Bossier shale basins with approximately 31,000 net acres, including gathering and treating systems that have capacity for up to 100 million cubic feet per day (MMcf/d) that will bring Aethon's pro forma gathering and treating capacity to over 3 Bcf/d across its assets. The Heads of Agreement contemplates the parties negotiating a 20-year offtake agreement which would be indexed to Henry Hub plus a liquefaction fee, with appropriate credit support, to provide the basis for project financing of Driftwood LNG. Aethon will continue
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TELL
Earnings
- 5/2/24 - Beat
TELL
Sec Filings
- 9/27/24 - Form 8-K
- 9/24/24 - Form DEFA14A
- 9/23/24 - Form DEFA14A
- TELL's page on the SEC website