A subsidiary of Houston-based Tellurian has agreed to buy gas-producing assets in northern Louisiana for $85.1 million.
The assets cover 3,720 net hectares in the Red River, DeSoto and Natchitoches parishes and include up to 138 drilling locations in the Haynesville and Bossier shales.
Tellurian plans to build a 26 mtpa LNG export plant, Driftwood LNG, and an associated pipeline.
“Acquisition of gas producing assets is integral to our growing business. We expect our full cycle cost [...] will be approximately $2.25 per MMBtu, which represents...