Tellurian Inc.

Tellurian Inc. ended the second quarter with $823 million of cash on hand. During the quarter, Tellurian generated $61.3 million in revenues from natural gas sales on an increase of production of approximately 47% as compared to the previous quarter. Subsequent to the quarter end, Tellurian entered into an agreement to acquire various natural gas assets located on approximately 5,000 net acres and including 44 producing [...]

Tellurian Inc. announced today that its wholly owned subsidiary Tellurian Production LLC has entered into an agreement to purchase natural gas assets from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners, LLC located in the Haynesville Shale. The purchase price is $125 million, subject to customary closing adjustments, and a contingent payment of $7.5 million which is based on the price of [...]

Tellurian Inc. announced today that it has executed definitive agreements to sell $500 million principal amount of senior secured convertible notes, subject to customary closing conditions. The notes will bear interest at 6.0% per annum, expiring May 1, 2025, and will be convertible into shares of Tellurian common stock at an initial conversion price of $5.724, subject to customary adjustments. This press release does not [...]

Tellurian Inc. announced today that Chief Operating Officer Keith Teague is retiring from full time employment and will continue with Tellurian in an advisory role. Tellurian has hired former McDermott International, Ltd Executive Vice President and COO Samik Mukherjee who will serve in the role of Executive Vice President and President, Driftwood Assets. Executive Chairman Charif Souki said, "Keith has been an integral [...]

Tellurian Inc. ended the first quarter with nearly $300 million in cash on hand and total assets of more than $700 million. During the quarter, Tellurian generated $26 million in revenues from natural gas sales on an increase of production of approximately 24% as compared to the previous quarter. In addition, Tellurian completed its owners' site preparation and issued a limited notice to proceed to Bechtel to begin [...]

Tellurian Inc. announced today that it has issued a limited notice to proceed to Bechtel Energy Inc. under its executed Engineering, Procurement and Construction contract to begin construction of phase one of the Driftwood LNG terminal, a liquefied natural gas export facility near Lake Charles, Louisiana. This press release features multimedia. View the full release here [...]

Tellurian Inc. ended 2021 with over $300 million in liquidity and over $360 million in standardized measure of discounted future net cash flows of proved natural gas reserves. Tellurian also continued advancing the Driftwood LNG project in 2021 with the following significant accomplishments: Completed Driftwood LNG phase one liquefied natural gas sales and purchase agreements totaling nine million tonnes per annum [...]

Tellurian Inc. today named energy investment expert Claire R. Harvey as a new independent Board member. Ms. Harvey is the Founder and President of ARM Resource Partners, a joint venture making energy investments, and serves as Chairman of the Board of Falcon Minerals Corporation, a public company which owns and manages mineral interests in the United States. She was previously Founder and Chief Executive Officer of [...]

Tellurian Inc. announced today it has begun a partnership with the National Forest Foundation on a five-year, $25 million plan for reforestation and other projects across the United States. One of the first projects will be to re-plant 300,000 trees in the Kisatchie National Forest , located near Alexandria, Louisiana. Kisatchie was heavily damaged by recent weather events and lost nearly 40,000 acres of native trees [...]

Tellurian Inc. today announced that it has closed its previously announced underwritten public offering of $50 million aggregate principal amount of 8.25% senior notes due 2028. Proceeds from the offering, after deducting underwriting discounts and commissions, the structuring and advisory fee and estimated fees and expenses, were approximately $47.1 million. The Company has granted the underwriters a 30-day option to [...]