Tellurian Inc., which has since its inception buoyed its Lower 48 natural gas portfolio to feed its proposed export project in Louisiana, on Wednesday gobbled up more producing wells and infrastructure in the Haynesville Shale.

tellurian ensight graph

Subsidiary Tellurian Production LLC (TPC) agreed to purchase a package of assets from privately held EnSight IV Energy Partners LLC and EnSight Haynesville Partners LLC. The deal, set to be completed by the end of September, includes an initial $125 million payment, with a contingent payment of $7.5 million payable next March, based on the price of natural gas. 

The assets could help feed the Houston-based operator’s 27.6 million metric ton/year Driftwood LNG project and related infrastructure. Sanctioning the liquefied natural gas export project has...