Houston-based Tellurian Inc. stockholders have approved Woodside Energy Group Ltd.’s $900 million offer to buy the developer of the Driftwood LNG project in Calcasieu Parish, Louisiana. (Source: Shutterstock)
Houston-based Tellurian Inc. stockholders have approved Woodside Energy Group Ltd.’s $900 million offer to buy the developer of the Driftwood LNG project in Calcasieu Parish, Louisiana. The offer values Tellurian at $1 per share.
Specific tallies of the shareholder vote were not released in an Oct. 4 Tellurian press release.
Australia’s Woodside has said it expects to complete the acquisition in December. The Woodside deal has an implied enterprise value of $1.2 billion, Woodside and Tellurian have said.
RELATED
Souki’s Saga: How Tellurian Escaped Ruin with ‘The Pause,’ $1.2B Exit
Recommended Reading
Exclusive: Sheffield Clears the Air, Formentera is Not Just a PDP Buyer
2024-10-04 - Formentera Founder and Partner Bryan Sheffield delves into the company's drilling operations including the unique history of how Formentera took up assets in Australia's Beetaloo, in this Hart Energy Exclusive interview.
PEDEVCO Teams Up with Denver E&P To Develop D-J Basin Acreage
2024-10-01 - PEDEVCO is teaming up with a private equity-backed Colorado operator to jointly develop the SW Pony Prospect in Weld County, Colorado.
Dorchester Minerals Closes M&A in Midland, Delaware, D-J
2024-10-01 - Limited partnership Dorchester Minerals closed two transactions in the Permian Basin and in Colorado’s Denver-Julesburg (D-J) Basin.
Marubeni Acquires 50% Stake in Ozona’s Eagle Ford CCS Project
2024-09-25 - Japanese oil and gas producer Marubeni Corp. has acquired a 50% stake in Ozona CCS’ Eagle Ford Shale project in the Hawkville Field.
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.