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Tellurian Seeking More Haynesville Assets to Feed Driftwood LNG – 3/8/2021

Tellurian Inc., is continuing forward on a final investment decision on its Driftwood liquefied natural gas terminal proposed for Louisiana, plans to acquire additional assets in the Haynesville Shale this year.

Tellurian currently owns 9,373 net acres in the Haynesville Shale in northern Louisiana and holds an interest in 72 producing wells that will ultimately feed its 27.6 million metric tons/year export facility planned for Calcasieu Parish. Those assets produced 16.9 Bcf of natural gas last year, up from 13.9 Bcf in 2019.

Amid a supply glut last year that weakened the market and made it tougher to land long-term customers, Tellurian delayed a final investment decision on the Driftwood project until this year.

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