Aethon Energy acquires Tellurian's Haynesville Shale assets for $260m, with potential 20-year LNG offtake deal.
Aethon Energy agreed to buy Tellurian's integrated upstream assets in the Haynesville Shale for $260 million, expanding Aethon's footprint in the Louisiana Haynesville and Bossier shale basins. Tellurian plans to use the proceeds to reduce borrowings and focus on its Driftwood LNG project. The deal also includes negotiations for a 20-year offtake agreement for 2 million tons of liquefied natural gas per annum.
May 29, 2024
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