Tellurian Announces Approval of Merger Agreement Proposal

OVERLAND PARK, KS / ACCESSWIRE / October 8, 2024 / Tortoise Capital today announced that Tellurian Inc (NYSE:TELL) will be removed from the Tortoise Decarbonization Infrastructure Indexsm (DCRBN) as a result of its announced acquisition by Woodside Energy Group LTD. As a result, TELL will be removed from the Index when the market opens on Oct. 10, 2024.Special rebalancing is not required for DCRBN. TELL will be removed, and its weight distributed pro rata to remaining Index constituents.About Tortoise Index Solutions (TIS)TIS provides research-driven indices that can be used as a realistic basis for exchange-traded products and thought leadership in the universe of essential assets. Its indi

Tellurian Inc. ("Tellurian") (NYSE:TELL) today announced that its stockholders have approved the Merger Agreement Proposal, as defined in Tellurian's proxy statement, filed with the Securities and Exchange Commission (the "SEC") on August 27, 2024, for its Special Meeting of Stockholders. About Tellurian Inc. Tellurian aims to generate shareholder value by establishing a competitive LNG enterprise, effectively supplying natural gas to customers worldwide. Headquartered in Houston, Texas, Tellurian is actively developing Driftwood LNG, an approximately 27.6 mtpa LNG export facility and associated pipeline network. Tellurian is publicly traded on the NYSE American under the symbol "TELL". F

Creates a global LNG powerhouse Attractive entry into scalable, fully permitted 27.6 million tonnes per annum (Mtpa) US LNG development option Significant cash generation potential to underpin long-term shareholder returns Woodside has entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian (NYSE:TELL) including its owned and operated US Gulf Coast Driftwood LNG development opportunity ("Driftwood LNG"). The consideration for the transaction is an all-cash payment of approximately $900 million, or $1.00 per share of outstanding Tellurian common stock. The implied enterprise value is approximately $1,200 million.1 This represents an att

BofA Securities downgraded Tellurian from Buy to Underperform and set a new price target of $1.50 from $4.00 previously

BofA Securities upgraded Tellurian from Neutral to Buy and set a new price target of $4.50 from $6.50 previously

Evercore ISI downgraded Tellurian from Outperform to In-line and set a new price target of $4.50 from $7.50 previously

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Tellurian Inc. (Tellurian or the Company) (NYSE:TELL) announced today that following the appointment of Martin J. Houston as Chairman of the Board, the Board of Directors has named former General Counsel Daniel Belhumeur as President of Tellurian, and former Deputy General Counsel Meredith Mouer as General Counsel and Chief Compliance Officer of Tellurian. Chief Executive Officer Octávio Simões said, "This is an important moment for Tellurian as we navigate several key initiatives. We are focused on unlocking shareholder value via execution of potential development and commercial partners at Driftwood LNG, while also evaluating options to refinance our existing debt, streamline costs and

HOUSTON--(BUSINESS WIRE)--Tellurian Inc. (Tellurian) (NASDAQ: TELL) today named ­­Octávio Simões as President and Chief Executive Officer (CEO), and Jonathan Gross and Jean Abiteboul as new independent Board members, adding significant strength to an already experienced team. Mr. Simões was President and CEO of Sempra LNG & Midstream where he was responsible for all liquefied natural gas (LNG) and natural gas midstream activities, including Cameron LNG, a 12 million tonnes per annum (mtpa) liquefaction facility that came onstream with first LNG exports in August 2019. Mr. Simões joined Tellurian as Executive Vice President, LNG Marketing and Business Development. He has engineeri

Creates a global LNG powerhouse Attractive entry into scalable, fully permitted 27.6 million tonnes per annum (Mtpa) US LNG development option Significant cash generation potential to underpin long-term shareholder returns Woodside has entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian (NYSE:TELL) including its owned and operated US Gulf Coast Driftwood LNG development opportunity ("Driftwood LNG"). The consideration for the transaction is an all-cash payment of approximately $900 million, or $1.00 per share of outstanding Tellurian common stock. The implied enterprise value is approximately $1,200 million.1 This represents an att

Tellurian Inc. (Tellurian or the Company) (NYSE:TELL) ended the fourth quarter of 2022 with the first phase of Driftwood LNG under construction, and $474.2 million of cash and cash equivalents. Tellurian also increased natural gas production fourfold to approximately 225 million cubic feet per day (MMcfd) in the fourth quarter of 2022 as compared to approximately 55 MMcfd in the fourth quarter of 2021. Tellurian also had the following significant accomplishments in 2022: Issued a limited notice to proceed to Bechtel Energy, Inc. and began construction of phase one of Driftwood LNG Completed the acquisition of natural gas assets of approximately 5,000 net acres and 44 producing wells P

WASHINGTON--(BUSINESS WIRE)--In the latest edition of CERAWeek Conversations, Ignacio S. Galán, chairman and CEO of Iberdrola—the world’s number one producer of wind power—says he is “more than delighted” with the growing competition in the renewable energy space from traditional oil and gas players and that the opportunities to electrify economies means that “there is room for everybody.” In a conversation with Daniel Yergin, vice chairman, IHS Markit (NYSE: INFO), Galán discusses Iberdrola’s pioneering role in wind technology, despite skepticism from regulators, investors and competitors; innovative approaches to the energy transition; the multifunctional applications of green

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