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.
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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.