Financial Advisor
EnSight IV Energy Partners, LLC
M&A Advisory
Has Sold Certain Assets To
Transaction Details
- On August 18, 2022, Tellurian Production LLC (“TPC”), a wholly owned subsidiary of Tellurian Inc. (“Tellurian”), announced the completion of its acquisition of certain Haynesville assets from EnSight in a transaction valued at $125.5 million
- EnSight divested ~5,000 net acres in the core of the Haynesville Shale in DeSoto, Bossier, Caddo, and Webster Parishes, Louisiana
- With the closing of the EnSight acquisition, TPC has current production of approximately 150 million cubic feet/day (MMcfd) from assets in the Haynesville basin
- In addition, TPC operates 11 wells currently being drilled or completed, all of which TPC expects to turn to sales before the end of the year. These new wells are expected to increase TPC’s production rate to approximately 250 MMcfd
About the company
EnSight
EnSight is an oil and gas company based in Shreveport, Louisiana which seeks to create value through engaging in production acquisitions and low to moderate risk drilling projects, operational enhancements, geological exploitation, and active property and portfolio management
Tellurian Inc.
Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol “TELL”
Sources: Press Release & Company Provided Information.
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