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Aethon Energy will acquire Tellurian Inc.'s Haynesville Shale assets for $260 million, allowing Aethon to continue growing as the basin's top private producer and for financially struggling Tellurian to prioritize its flagship Driftwood LNG project, the companies announced May 29.

This article has been updated with an acreage map showing the approximate locations of Aethon Energy and Tellurian's acreage positions in the Haynesville Shale.

The deal expands Aethon's growing Haynesville footprint with integrated upstream assets in the Louisiana Haynesville and Bossier shale basins with 31,000 net acres, including gathering and treating systems with capacity of about 100 MMcf/d, bringing Aethon’s pro forma gathering and treating capacity to more than 3 Bcf/d.

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