XOP - Tellurian Eyes Debt Reduction Divests Integrated Upstream Assets To Aethon | Benzinga
Tellurian Inc. (NYSE:TELL) disclosed a deal for Aethon Energy Management to acquire the company’s integrated upstream assets for $260 million, alongside a Heads of Agreement for Aethon to purchase two million tons per annum (mtpa) of liquified natural gas (LNG) from its Driftwood LNG plant.
The deal will expand Aethon’s footprint in the Louisiana Haynesville and Bossier shale basins with around 31,000 net acres, including gathering and treating systems with capacity for ...