Tellurian Advances with Asset Sale, Amendments, and LNG Talks

The latest announcement is out from Tellurian (TELL).

Tellurian Inc. has struck a deal to sell its Haynesville Shale assets in Louisiana for $260 million to Aethon United BR LP and Aethon III BR LLC, with customary adjustments and closing conditions anticipated in Q2 2024. In a separate development, Tellurian has also secured consent for amendments to its indentures, delaying a liquidity covenant increase by 14 days. Moreover, the company is exploring a partnership with Aethon Energy Operating LLC to negotiate an LNG sale and purchase agreement, potentially for a 20-year term, but there’s no certainty that this will lead to a finalized deal or the required financing for the Driftwood LNG terminal construction.

Learn more about TELL stock on TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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