Formation Minerals acquires producing mineral interests in Bienville Parish, Louisiana

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Formation Minerals acquires producing mineral interests in Bienville Parish, Louisiana

Formation Minerals, Inc. (OTCQB: FOMI), a burgeoning oil and gas company, announced a strategic expansion through the acquisition of producing mineral interests in Bienville Parish, Louisiana. The deal, valued at $220,000 in cash, involves the purchase of certain mineral interests from a private seller, with the closure expected around July 26, 2024. Subject to customary […]

Tellurian to sell upstream assets to Aethon Energy for $260m, secures LNG offtake agreement

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Tellurian to sell upstream assets to Aethon Energy for $260m, secures LNG offtake agreement

Tellurian Inc. (NYSE American: TELL) and Aethon Energy Management LLC have entered into a significant agreement where Aethon will acquire Tellurian’s upstream assets for $260 million. This transaction not only expands Aethon’s operational footprint in the Louisiana Haynesville and Bossier shale basins but also includes a pivotal Heads of Agreement for the purchase of two […]