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HOUSTON, TX--(Marketwired - September 06, 2017) - A wholly-owned subsidiary of Tellurian Inc. (Tellurian) (TELL) has entered into an agreement with a private seller to acquire natural gas producing assets and undeveloped acreage in northern Louisiana for $85.1 million. The transaction is scheduled to close by the end of November 2017 subject to customary closing conditions.

The assets are located in Red River, DeSoto and Natchitoches Parishes, and include:

  • 9,200 net acres with up to 138 operated Haynesville and Bossier drilling locations
  • Approximately 1.3 trillion cubic feet (Tcf) of total natural gas resource potential
  • 19 producing operated wells with net current production of four million cubic feet per day (MMcfd)
  • Associated natural gas gathering and processing facilities with substantial additional capacity
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