Tellurian (NYSEMKT: TELL ) stock is taking off on Monday after the natural gas company announced an acquisition deal with Woodside Energy. This deal has Woodside Energy agreeing to acquire all outstanding shares of TELL stock for $1 per share in cash.
Woodside Energy on Monday said it has entered a definitive agreement to acquire U.S.-based Tellurian including its owned and operated U.S. Gulf Coast Driftwood LNG development for an implied enterprise value of $1.2 billion.
Tellurian is in the process of building a liquefied natural gas (LNG) export facility. The company expects rising LNG demand -- and that the U.S. will be a key global supplier.
Tellurian is building a liquified natural gas (LNG) export facility. The project has experienced several delays since its approval in 2019.
Tellurian (TELL) retains its three-year Driftwood LNG extension as the FERC denies the environmental group, Sierra Club's rehearing request regarding the extension approval.
Tellurian is building a liquified natural gas (LNG) export facility. LNG demand is expected to rise materially in the future as the world uses natural gas as a transition fuel to support cleaner energy alternatives.
Tellurian hasn't been able to execute its integrated natural gas strategy. The company still hasn't been able to move forward with its Driftwood LNG development.
Tellurian is building the Driftwood liquified natural gas (LNG) export facility. The company recently sold some energy infrastructure assets and will use the proceeds of that deal to pay down its debt.
Tellurian is building a liquified natural gas (LNG) export facility in Louisiana. The company's Driftwood LNG export project is fully permitted.
The steep decline in Tellurian reflects changes in natural gas prices. Tellurian has comeback potential as the company advances its Driftwood LNG project.
Tellurian sold its upstream gas business to a company that will also become a partner on its Driftwood LNG project. That deal will strengthen its balance sheet and help commercialize Driftwood.
Tellurian (TELL) announces the sale of its upstream assets to Aethon Energy Management for $260 million, allowing the retirement of its senior secured notes and strengthening its balance sheet.