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According to a statement by Jera, the firm will acquire its interest in the Haynesville asset, which currently produces more than 500 MMscfd and includes 200 undeveloped locations, through an upfront investment of $1.5 billion.
The transaction includes a future investment plan under which Jera will increase total production to 1 Bscfd.
Jera said the Haynesville Acquisition’s strategic value is supported by robust current production and proven reserves, established gathering, treating and transport infrastructure, and proximity to Gulf Coast LNG and data center hubs.
The firm noted that the Haynesville acquisition builds on its substantial and growing presence in the US, including its recent announcement of the largest offtake of US LNG from a single buyer — 5.5 million tonnes per year for 20 years — and the Blue Point low-carbon ammonia development project.
Jera also owns, in whole or in part, 10 power generation assets across the country.
The Haynesville acquisition is subject to customary closing conditions and regulatory approvals.
“The U.S. energy sector is leading the way in the global LNG market and Jera’s investments have lined up accordingly,” said John O’Brien, Jera Americas’ chief executive officer.
“The upstream Haynesville acquisition is a strategic addition to our asset portfolio, enabling us to advance our unique supply chain expertise while deepening our commitment to Americas’ energy future,” he said.
