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August 3 , 2021 TELLURIAN Tellurian Reports Second Quarter 2021 Results HOUSTON -- ( BUSINESS WIRE ) -- Tellurian Inc. ( Tellurian ) ( NASDAQ : TELL ) continues to build its integrated global natural gas business , entering into liquefied natural gas ( LNG ) sale and purchase agreements ( SPAs ) with Gunvor Singapore Pte Ltd and Vitol Inc. for a total of six million tonnes per annum ( mtpa ) in the second quarter . Subsequent to the quarter end , Tellurian also entered into LNG SPAs with Shell NA LNG LLC for an additional three mtpa , completing the sales for plants one and two of Driftwood LNG . Tellurian ended its second quarter of 2021 with approximately $ 111.9 million of cash and cash equivalents and no borrowing obligations , and generated approximately $ 5.6 million in revenues in the quarter from natural gas sales . Based on current production and anticipated results from new wells to be drilled , Tellurian estimates the 2021 year - end exit rate for gross natural gas production to be approximately 95 million cubic feet per day ( mmcf / d ) . Tellurian has a strong balance sheet consisting of approximately $ 328.2 million in total assets . Tellurian reported a net loss of approximately $ 30.6 million , or $ 0.08 per share ( basic and diluted ) , for the three months ended June 30 , 2021 . President and CEO Octávio Simões said , “ Tellurian's strengthened balance sheet and commercial success , combined with supportive market fundamentals , enable Driftwood's continued progression . We exercised our long - term lease option with the Port of Lake Charles and have started on owner's projects for site preparation . Tellurian Production is also enhancing our natural gas drilling program and this integrated approach will create the physical hedge for Driftwood's natural gas purchases for liquefaction and export . " 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 This press release contains forward - looking statements within the meaning of U.S. federal securities laws . The words " anticipate , ” “ assume , ” “ believe , ” “ budget , " " estimate , ” “ expect , ”