Welcome to our dedicated page for Tellurian news (Ticker: TELL), a resource for investors and traders seeking the latest updates and insights on Tellurian stock.
Tellurian Inc. (TELL) is a U.S.-based independent oil and gas exploration and production company dedicated to revolutionizing the natural gas market. Headquartered in Houston, Texas, Tellurian Inc. is focused on creating a robust portfolio of natural gas production, LNG (Liquefied Natural Gas) marketing, and infrastructure assets that position it as a leader in the energy sector.
The company's flagship project, Driftwood LNG, aims to produce approximately 27.6 million tonnes per annum (mtpa) of LNG, making it a significant player in meeting global energy demands. Tellurian's operations are divided into three primary segments:
- Upstream: Responsible for the exploration and production of natural gas.
- Midstream: Focuses on the transportation and storage infrastructure necessary to support LNG production and distribution.
- Marketing & Trading: This segment handles the purchasing and selling of natural gas, oversees the marketing of Driftwood LNG’s production capacity, and manages the trading of LNG cargoes globally.
Under the leadership of industry veterans Charif Souki, Martin Houston, and Meg Gentle, Tellurian Inc. has made significant strides in developing new markets and fostering strategic partnerships. The company prioritizes sustainability and ethics, emphasizing honesty, integrity, accountability, and respect in all its operations. By listening to the needs of its global customers, investors, and employees, Tellurian aims to deliver clean, low-cost, flexible, and reliable energy solutions that contribute to improved air quality and environmental standards.
Tellurian's commitment to innovation and entrepreneurial culture ensures it remains at the forefront of global thought leadership in the energy industry. The company's approach not only creates value but also delivers significant benefits to its stakeholders by paving the way for a cleaner and more sustainable energy future.
Recent news highlights the company's ongoing developments and achievements in the LNG sector:
- Expansion of the Driftwood LNG project.
- New strategic partnerships with global energy firms.
- Successful trading of LNG cargoes in emerging markets.
- Environmental initiatives to reduce carbon footprint.
- Updates on financial performance and market outlook.
Tortoise Capital has announced that Tellurian Inc (NYSE:TELL) will be removed from the Tortoise Decarbonization Infrastructure Index (DCRBN) due to its acquisition by Woodside Energy Group . The removal will take effect when the market opens on October 10, 2024.
The index will not require a special rebalancing. Instead, TELL's weight will be distributed pro rata to the remaining index constituents. This corporate action reflects significant changes in the composition of the DCRBN index, which focuses on decarbonization infrastructure.
Tellurian Inc. (NYSE American: TELL) has announced that its stockholders have approved the Merger Agreement Proposal. This proposal was defined in Tellurian's proxy statement, which was filed with the Securities and Exchange Commission (SEC) on August 27, 2024, for its Special Meeting of Stockholders. The approval marks a significant step for the company, potentially indicating a major corporate restructuring or strategic alliance. However, the press release does not provide specific details about the merger agreement or its potential impact on the company's operations or financial position.
Woodside has entered into a definitive agreement to acquire Tellurian (NYSE: TELL) and its Driftwood LNG development for approximately $900 million, or $1.00 per share. The acquisition positions Woodside as a global LNG powerhouse, adding a scalable, fully permitted 27.6 million tonnes per annum (Mtpa) US LNG development option to its portfolio.
The Driftwood LNG project is located near Lake Charles, Louisiana, and comprises five LNG trains through four phases. Woodside is targeting FID readiness for Phase 1 (11 Mtpa) from Q1 2025. The development is fully permitted, cost and carbon competitive, with construction already underway.
This strategic move aligns with Woodside's goal to thrive through the energy transition, expanding its position as a leading independent LNG company and enabling value creation through marketing optimization and geographic diversification.
Tellurian Inc. (NYSE American: TELL) has announced a definitive agreement with Woodside Energy Group (ASX: WDS) for an all-cash acquisition of Tellurian at $1.00 per share, valuing the company at approximately $900 million. The offer represents a 75% premium to Tellurian's closing price on July 19, 2024, and a 48% premium to its 30-day volume weighted average price. The total enterprise value, including net debt, is about $1.2 billion. The transaction, unanimously approved by both boards, is expected to close in Q4 2024, subject to shareholder and regulatory approvals. This acquisition reflects Tellurian's progress in executing its refreshed strategy and advancing the Driftwood LNG project.
Tellurian has successfully completed the sale of its integrated upstream assets for $260 million to affiliates of Aethon Energy Management. The proceeds were used to retire $230 million of non-convertible Senior Secured Notes maturing in 2025. This move significantly strengthens Tellurian's balance sheet, enhancing its ability to advance the Driftwood LNG project. Aethon Energy, now integrating Tellurian's assets into its Haynesville operations, aims to generate compelling returns and support net zero natural gas goals. The transaction is a critical step in securing Tellurian's financial stability and progressing the development of Driftwood LNG.
Tellurian Inc. (NYSE American: TELL) and Aethon Energy Management have announced a $260 million agreement for Aethon to acquire Tellurian’s integrated upstream assets. This includes approximately 31,000 net acres in the Louisiana Haynesville and Bossier shale basins, with systems capable of handling up to 100 MMcf/d. Additionally, Aethon will purchase 2 mtpa of LNG from Tellurian's Driftwood LNG plant under a Heads of Agreement, potentially leading to a 20-year offtake agreement indexed to Henry Hub plus a liquefaction fee. The deal, expected to close in Q2 2024, aims to help Tellurian pay down debt and bolster its balance sheet, while expanding Aethon's asset base and LNG capacities.
Tellurian Inc. reported its first quarter 2024 results and updated progress on the Driftwood LNG project. The company focused on financial discipline, execution, and balance sheet improvement. Driftwood LNG received an extension for construction permits. Tellurian's Q1 2024 revenue was $25.5 million, with a net loss of $44.0 million. The company aims to deliver natural gas globally and is listed on NYSE American under the symbol 'TELL'.
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