Tellurian Inc. (Tellurian or the Company) (NASDAQ: TELL) today announced that it has closed its previously announced public offering of 12,000,000 shares of common stock. Net proceeds from the offering, after deducting estimated fees and expenses, were approximately $115.1 million. Credit Suisse Securities (USA) LLC acted as sole book-running manager for the offering, and Stifel, Cowen and Company, LLC, Seaport
Tellurian Inc. (Tellurian or the Company) (NASDAQ: TELL) today announced that it has priced a public offering of 12,000,000 shares of its common stock for total gross proceeds to Tellurian (before underwriters’ compensation and estimated expenses) of $118.8 million. The Company has granted the underwriters a 30-day option to purchase up to 1,800,000 additional shares of common stock of the
Tellurian Inc. (ticker: TELL) wrapped up its first year as a public company, ending 2017 with $128.3 million of cash and cash equivalents. The company remains debt free, but reported a net loss of $231.5 million, or $(1.23) per share as it ramps up permitting and preconstruction phases for its Driftwood LNG plant on the Louisiana Gulf coast. Driftwood is
Goal is to debottleneck the existing pipeline infrastructure in Southwest Louisiana: TELL Tellurian Inc. (ticker: TELL) expects to develop and expand its pipeline network by adding two pipelines to the previously announced Driftwood Pipeline (DWPL). The two additional pipelines will expand supply alternatives for the growing natural gas demand in Southwest Louisiana. Projected in-service dates are mid-2021 for the DWPL
Tellurian Inc. (ticker: TELL) has priced an underwritten public offering of 10,000,000 shares of its common stock at a price to the public of $10.00 per share, for total gross proceeds (before underwriters’ compensation and estimated expenses) of $100.0 million. The size of the offering was increased from the previously announced size of 8,000,000 shares. The company has granted the
Tellurian Inc. (ticker: TELL) has closed a previously announced agreement with Rockcliff Energy Operating LLC to purchase natural gas producing assets and undeveloped acreage in northern Louisiana for $85.1 million. The assets include about 9,200 acres, 19 producing operated wells with production of 4 MMcf/d, and approximately 138 drilling locations. Tellurian estimates that the total acreage has about 1.3 TCf
Earlier today Tellurian Inc. (ticker: TELL) and Bechtel Oil, Gas and Chemicals, Inc. announced in a press release that the two companies have entered into four fixed price, lump sum turnkey agreements for a price totaling $15.2 billion. The cost will cover the engineering, construction and procurement for Driftwood LNG, a LNG export facility located near Lake Charles, Louisiana. With
On May 17, 2017, U.S. LNG export startup Tellurian Inc. (ticker: TELL) announced it planned to sell 10,000,000 shares of its common stock in an underwritten public offering with Credit Suisse Securities (USA) LLC as the deal’s sole book-running manager for the offering and with Tuohy Brothers Investment Research, Inc. as co-manager. This morning Tellurian pulled the stock offering. Tellurian
Total + Tellurian to develop integrated gas project together Total (ticker: TOT) is acquiring approximately 23% of Tellurian Investments, an early stage U.S. LNG export project that was founded by former Cheniere Energy (ticker: LNG) CEO Charif Souki and former BG COO Martin Houston. The transaction is at $5.85 per share for an amount of $207 million. Driftwood LNG is Tellurian’s planned LNG
Tellurian and its Driftwood LNG export project move forward Tellurian Investments Inc. announced that GE Oil & Gas has made a $25 million preferred equity investment in Tellurian Investments with an implied Tellurian common stock value of $5.94 per share. Tellurian is in the engineering design and pre-filing stage for a proposed 26 million tonnes per annum Driftwood LNG export
Tellurian+Magellan merger is expected to close Q4 On October 11, Magellan Petroleum (ticker: MPET) filed an S-3 Registration Statement with the SEC paving the way to sell up to $500 million in common stock, warrants and units, the proceeds to be used for general corporate purposes for the company which is moving toward LNG development. Magellan’s previously announced reverse merger
Meg Gentle will Drive Tellurian’s Driftwood Gulf Coast LNG Project Development Former Cheniere exec Meg Gentle will lead Tellurian Investments as the company’s president, CEO and a member of the board. Gentle has also made a $10 million private investment in Tellurian. At Cheniere, Gentle served as EVP of marketing, based in London, England. “Meg is an exceptionally talented executive,”
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
