Tellurian Inc. today announced that it has priced an underwritten public offering of 10,000,000 shares of its common stock at a price to the public of $10.00 per share for total gross proceeds of $100.0 million. The size of the offering was increased from the previously announced size of 8,000,000 shares. The Company has granted the underwriters a 30-day option to purchase up to 1,500,000 additional shares of common stock [...]
Tellurian Inc. today announced that it intends to offer for sale 8,000,000 shares of its common stock in an underwritten public offering. The Company expects to grant the underwriter a 30-day option to purchase up to 1,200,000 additional shares of common stock of the Company to cover over-allotments, if any. The Company intends to use the net proceeds from this offering for detailed engineering of an LNG terminal facility [...]
A wholly-owned subsidiary of Tellurian Inc. has closed the previously announced agreement with Rockcliff Energy Operating LLC to purchase natural gas producing assets and undeveloped acreage in northern Louisiana for $85.1 million, subject to customary adjustments. The assets include approximately four million cubic feet per day of natural gas production, approximately 1.3 Tcf of gas resource, and approximately 138 [...]
Tellurian Inc. and Bechtel Oil, Gas and Chemicals, Inc. have entered into four fixed price, lump sum turnkey agreements totaling $15.2 billion for the engineering, procurement and construction of Driftwood LNG, a liquefied natural gas export facility proposed near Lake Charles, Louisiana. Driftwood LNG includes: Twenty liquefaction units, each expected to produce up to 1.38 million tonnes per annum of LNG; Liquefaction [...]
Tellurian Inc. continued to build its global natural gas business during the third quarter of 2017. Notably Tellurian: Engaged Bechtel Oil, Gas and Chemicals, Inc. to conduct additional engineering for the Driftwood LNG facility, intended to advance engineering to approximately 20% by 2018. Agreed to purchase natural gas producing assets and undeveloped acreage in northern Louisiana from Rockcliff Energy Operating LLC [...]
A wholly-owned subsidiary of Tellurian Inc. has entered into a six-month time charter contract with Maran Gas Maritime Inc. for a liquefied natural gas tanker, the Maran Gas Mystras. Tellurian took delivery of the tanker at Galle, Sri Lanka on October 1, 2017. President and CEO Meg Gentle said, "At Tellurian, we are building a global natural gas business and proactively shaping the company to build long term value amid a [...]
HOUSTON, TX--(Marketwired - September 06, 2017) - 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 [...]
HOUSTON, TX--(Marketwired - August 09, 2017) - Tellurian Inc. (Tellurian) (NASDAQ: TELL) continued to progress development of the Driftwood LNG terminal and Driftwood pipeline (together, the Driftwood Project) during the second quarter of 2017. Notably: Bechtel completed the front-end engineering and design (FEED) study and submitted a lump sum turnkey (LSTK) engineering, procurement and construction (EPC) proposal for [...]
HOUSTON, TX--(Marketwired - June 14, 2017) - Tellurian Inc. ("Tellurian") (NASDAQ: TELL) announced today that President and CEO Meg Gentle will present at Marine Money Week in New York City, New York. Gentle's presentation is scheduled to begin at 2:40 pm (Eastern) on June 19, 2017. The presentation will be available on Tellurian's website at www.tellurianinc.com. About Tellurian Inc. Tellurian was founded by Charif Souki [...]
HOUSTON, TX--(Marketwired - May 18, 2017) - Tellurian Inc. (Tellurian or the Company) (NASDAQ: TELL) today announced that due to adverse market conditions, it has withdrawn its proposed public offering of 10,000,000 shares of its common stock. "Due to the current market environment and in the interest of achieving the best value for our stockholders, we have decided to withdraw our recently announced public offering of [...]
HOUSTON, TX--(Marketwired - May 17, 2017) - Tellurian Inc. (Tellurian or the Company) (NASDAQ: TELL) today announced that it intends to offer for sale 10,000,000 shares of its common stock in an underwritten public offering. The Company expects to grant the underwriters an option for 30 days to purchase up to an additional 1,500,000 shares of common stock of the Company to cover over-allotments, if any. Credit Suisse [...]
HOUSTON, TX--(Marketwired - May 10, 2017) - Tellurian Inc. (Tellurian) (NASDAQ: TELL) reports significant progress made on its proposed Driftwood LNG terminal and Driftwood pipeline (together the Driftwood Project) during the first quarter of 2017. Notably, Tellurian: Issued 23% of its common stock to Total for $207 million, Closed a reverse subsidiary merger with Magellan Petroleum Corp. (Magellan) to become a public [...]
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