
(Source: Aethon)
Aethon closed a deal with Tellurian Inc. to grow its Haynesville Shale assets to about 375,000 total acres and its natural gas gathering and treatment capacity to more than 3 Bcf/d, Aethon said on July 1.
Tellurian announced the $260 million deal with Aethon in May. The move transforms Tellurian into a pure-play LNG firm. Tellurian company said the proceeds from the sale would be used to reduce debt on its Driftwood LNG development on the Calcasieu River in Louisiana.

“This transaction is a significant step in securing our balance sheet and progressing Driftwood,” said Tellurian Executive Chairman Martin Houston in a press release.
As part of the deal, Aethon signed a heads of agreement (HOA) for 2 metric tons per year of LNG from the Driftwood project.
“As a private equity firm and operator, we are excited to enhance our strategic footprint by integrating Tellurian's upstream and midstream assets into our extensive Haynesville position,” said Gordon Huddleston, Aethon’s president and partner.
Recommended Reading
Williams Cos. Prices $1.5B of Senior Notes
2025-01-07 - Williams Cos. said proceeds from the offering for near-term debt reduction and corporate needs.
Midstreamers Say Need for More Permian NatGas Pipelines Inevitable
2024-11-26 - The Permian Basin’s associated gas output could outstrip the region’s planned capacity well before the end of the decade, pipeline company executives said.
Williams Completes Mid-Atlantic Transco Expansion Project
2024-12-30 - Williams Cos.'s Transco Southside Reliability Enhancement project is now online.
High Court Hears Potentially Influential Uinta Basin Case
2024-12-11 - U.S. Supreme Court justices heard arguments over a Utah railroad that could have big implications for the energy sector’s adherence to environmental requirements.
ArcLight Completes $865MM Deal for Phillips 66’s Stake in NatGas Line
2025-02-03 - Kinder Morgan will continue to operate the Gulf Coast Express as a project to increase the line’s capacity moves ahead.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.