Aethon Closes $260MM Deal for Tellurian’s Gas, Midstream Assets
Transaction Type
Sellers
Buyers
Basin
Haynesville Shale
Announce Date
Post Date
Close Date
Estimated Price
260MM
Description
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.