Houston-based LNG producer Tellurian is keeping an eagle’s eye on more upstream opportunities to be had in the gas-rich Haynesville. There, Tellurian already operates 9,704 acres with 21 company-operated wells, a multi-year drilling inventory, and its own gathering system with plans to ultimately flow supplies to its proposed Driftwood LNG export terminal in La. While a FID is still yet to be made on Driftwood, now with a construction start date of next March and a go-live by 2024-2025, that’s not stopping the company from shoring up additional gas-producing assets. Reese Energy Consulting today is following the latest buzz from Tellurian, which reports “aggressively pursuing upstream acquisitions.” One of those pick-ups could be a second deal with gas producer Rockcliff. Tellurian in 2017 snapped up the upstream assets it currently owns in the La., Haynesville from Rockcliff for $85.1 million. Now, Rockcliff is said to be selling its Haynesville assets on the Texas side before year end to include 270,000 net acres with 90% of acreage held by production and 1 BCFD of gas. Upon completion, the Driftwood LNG plant will have an export capacity of 27.6 mtpa.

What do you think? Learn more about REC and our natural gas and LNG services at www.ReeseEnergyConsulting.com.

Tellurian

Tellurian Inc. is a natural gas company headquartered in Houston, Texas. It was founded in 2016 by Charif Souki and Martin Houston and is led by President and CEO Octávio Simões.

www.tellurianinc.com

0 Comments

Submit a Comment

Your email address will not be published.

You Might Also Like…