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May 5 , 2021 TELLURIAN Tellurian Reports First Quarter 2021 Results HOUSTON -- ( BUSINESS WIRE ) -- Tellurian Inc. ( Tellurian ) ( NASDAQ : TELL ) continues to build its integrated global natural gas business , focusing on debt reduction during the first quarter of 2021. Subsequent to the quarter end , Tellurian made a voluntary $ 17 million debt repayment on April 23 , 2021 , and has now paid off all borrowing obligations . President and CEO Octávio Simões said , " Tellurian now has a much stronger balance sheet and global customers continue to be very interested in our integrated , market - based liquefied natural gas ( LNG ) product offering as they build their portfolios with flexible , reliable and cleaner energy sources . Additionally , we are looking forward to expanding our drilling program in 2021 , having recently spud a new well in the prolific Haynesville Shale , that we expect to provide valuable revenue . " Operating activities Tellurian produced 3.3 billion cubic feet ( Bcf ) of natural gas for the quarter ending March 31 , 2021 as compared to 3.9 Bcf for the previous quarter . Tellurian's upstream assets include 9,704 net acres and interests in 72 producing wells as of March 31 , 2021 . Financial results Tellurian ended its first quarter of 2021 with approximately $ 58.7 million of cash and cash equivalents and approximately $ 17.0 million in short - term borrowings ( which was repaid in April 2021 ) , and generated approximately $ 8.7 million in revenues from natural gas sales . Tellurian has a strong balance sheet consisting of approximately $ 270.3 million in total assets . Tellurian reported a net loss of approximately $ 27 million , or $ 0.08 per share ( basic and diluted ) , for the three months ended March 31 , 2021 . About Tellurian Inc. Tellurian intends to create value for shareholders by building a low - cost , global natural gas business , profitably delivering natural gas to customers worldwide . Tellurian is developing a portfolio of natural gas production , LNG marketing and trading , and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline . Tellurian is based in Houston , Texas , and its common stock is listed on the Nasdaq Capital Market under the symbol " TELL " . - For more information , please visit www.tellurianinc.com . Follow us on Twitter at twitter.com/TellurianLNG CAUTIONARY INFORMATION ABOUT FORWARD - LOOKING STATEMENTS