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.
Tellurian Inc. (TELL) reported significant progress in its natural gas operations for Q4 2022, highlighting the construction of the Driftwood LNG project and a substantial increase in natural gas production, up to 225 MMcfd from 55 MMcfd year-over-year. Tellurian reported revenues of $102.5 million for Q4 2022, compared to $21.6 million in Q4 2021, with an operating profit of $47.5 million. For the full year, total revenues soared to $391.9 million, up from $71.3 million in 2021. The company ended the year with $474.2 million in cash and a reduced net loss of $49.8 million, down from $114.7 million in 2021. Proved reserves increased to 445 Bcf.
Tellurian Inc. (TELL) reported a strong performance in Q3 2022, with a 25% increase in net natural gas production and a 32% increase in natural gas sales compared to Q2 2022. The company achieved net production of 11.4 Bcf, generating revenues of $81.1 million and an operating profit of $40.1 million. Adjusted EBITDA reached $69.5 million, significantly up from the previous year. Despite a net loss of $14.2 million, Tellurian holds $607.5 million in cash and total assets of $1.4 billion, positioning itself for growth as it expands its natural gas operations and Driftwood terminal construction continues.
Tellurian Inc. (NYSE American: TELL) has updated its Driftwood LNG financing strategy, focusing on securing equity partners and enhancing its LNG portfolio by terminating two sales agreements. CEO Octávio Simões emphasized the company's natural gas production, reporting 9 billion cubic feet and over $61 million in sales last quarter. Following the EnSight acquisition, Tellurian anticipates an increase in production with 11 wells in progress. The company aims to expand its LNG export capabilities with the Driftwood project, ultimately reaching global markets.
Tellurian Inc. (NYSE American: TELL) has announced plans for an underwritten public offering of units consisting of 11.25% senior secured notes due 2027, valued at $1,000 per note, along with warrants for purchasing common stock. Proceeds will support the construction of the Driftwood Project. The offering is under an effective shelf registration statement with no assurance regarding its completion or terms. B. Riley Securities, Inc. is the sole bookrunning manager for this offering.
Tellurian Inc. (NYSE: TELL) announced the completion of its acquisition of assets in the Haynesville from EnSight IV Energy Partners for $125.5 million. This acquisition enhances Tellurian's business model by integrating upstream assets, a pipeline network, and the Driftwood LNG terminal, positioning the company to sell natural gas in multiple markets. With current production of 150 MMcfd, TPC anticipates an increase to 250 MMcfd through 11 new wells expected to be completed by year-end.
Tellurian Inc. (TELL) reported a significant increase in natural gas revenue, generating
Tellurian Inc. (TELL) announced the acquisition of natural gas assets from EnSight IV Energy Partners for
Tellurian Inc. (TELL) and Baker Hughes (BKR) have partnered for a natural gas transmission project, marking Baker Hughes' first installation of its Integrated Compressor Line (ICL) technology in North America. The project aims to provide cleaner, zero-emissions natural gas, with an estimated capacity of over 5.5 billion cubic feet daily. Tellurian is investing $240 million into the Driftwood Pipeline, part of its broader initiative to enhance energy reliability and sustainability. The ICL technology is designed to lower the carbon footprint of the natural gas supply chain significantly.
Tellurian Inc. has finalized agreements to issue $500 million in senior secured convertible notes with a 6.0% annual interest rate, maturing on May 1, 2025. The notes can be converted to common stock at an initial price of $5.724. This transaction is subject to customary closing conditions and does not constitute an offer to sell in jurisdictions where it would be unlawful. Roth Capital Partners and Citigroup acted as placement agents for the offering.
Tellurian focuses on developing natural gas production, LNG marketing, and a planned 27.6 mtpa LNG export facility in Texas.
Tellurian Inc. (NYSE American: TELL) announced the retirement of COO Keith Teague, who will transition to an advisory role. Former McDermott International executive Samik Mukherjee has been appointed as the new Executive Vice President and President of Driftwood Assets. Mukherjee brings over 30 years of energy industry experience, having previously delivered over 60 million tonnes per annum of LNG capacity across multiple projects. Tellurian aims to establish a low-cost global natural gas business, developing a significant LNG export facility and pipeline.
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