TotalEnergies Expands US Natural Gas Production with Acquisition in Texas

TotalEnergies Expands US Natural Gas Production with Acquisition in Texas

TotalEnergies has acquired 20% interest of Lewis Energy Group in the Dorado leases managed by EOG Resources in the Eagle Ford shale gas region.

“This acquisition strengthens our production of natural gas in the United States, contributing to reinforce TotalEnergies’ LNG integration with a low cost and low emission upstream gas feed,” said Nicolas Terraz, President, Exploration & Production at TotalEnergies. “We are pleased to partner with EOG Resources, an operator recognized for its strong technical expertise,” he added.

Situated in Texas, the Dorado field will boost TotalEnergies’ net US natural gas production by 50 million cubic feet a day (mcf/d) in 2024, with potential growth up to an additional 50 mcf/d by 2028. The field maintains an emission intensity of approximately 10 kg CO2e/boe. In 2023, TotalEnergies achieved a net US natural gas output of around 340 mcf/d, with a technical production of 450 mcf/d.

With over 10 million tons (Mt) in 2023, TotalEnergies was the number one exporter of US LNG, thanks to its 16.6% stake in the Cameron LNG plant in Louisiana and several long-term purchasing agreements, the company stated in a press release.

The company anticipates its LNG export capacity to reach to 15 mtpa, by 2030, following the start of the first phase of the Rio Grande LNG project in Texas, currently under construction.

 

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