Tellurian Inc. has completed another acquisition in the Haynesville Shale, further bolstering the natural gas production position as works toward sanctioning a Louisiana LNG export terminal.

A unit of Houston-based Tellurian disclosed it paid $125.5 million for a package of assets from EnSight IV Energy Partners LLC and EnSight Haynesville Partners LLC. At the close of the acquisition, Tellurian said average production capacity was 150 MMcf/d in the Haynesville. That rate could rise to around 250 MMcf/d as 11 wells are turned to sales by the end of the year.

tellurian ensight graph

Tellurian is working to progress the Driftwood liquefied natural gas export project near Lake Charles, and CEO Octávio Simões said the EnSight deal was part of the strategy to build a value-intensive business.

“By owning and...