M&A Deal Summary

Woodside Acquires Tellurian

On July 21, 2024, Woodside acquired oil/gas exploration company Tellurian for 900M USD

Acquisition Highlights
  • This is Woodside’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Woodside’s 2nd largest (disclosed) transaction.
  • This is Woodside’s 2nd transaction in the United States.
  • This is Woodside’s 2nd transaction in Texas.

M&A Deal Summary
Date 2024-07-21
Target Tellurian
Sector Oil/Gas Exploration
Buyer(s) Woodside
Deal Type Add-on Acquisition
Deal Value 900M USD
Advisor(s) Lazard Ltd. (Financial)
Akin Gump Strauss Hauer & Feld (Legal)

Target

Tellurian

Houston, Texas, United States
Tellurian is an independent oil and gas exploration and production company focused on CO2-enhanced oil recovery ("CO2-EOR") projects in the Rocky Mountain region. Historically active internationally, Magellan also owns significant exploration acreage in the Weald Basin, onshore UK, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia, which the Company currently plans to farmout. Tellurian was founded in 1957 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Woodside

Perth, Australia
Category Company
Founded 1954
Sector Oil/Gas Exploration
Employees3,670
Revenue 3.6B USD (2020)
DESCRIPTION

Woodside is an oil and gas company. Woodside was founded in 1954 and is based in Perth, Australia.

DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-15 Wheatstone LNG and Kitimat LNG

Australia

Wheatstone LNG and Kitimat LNG are energy exploration assets in Australia.

Buy $2.8B
Mergr

Product

Company

Legal