TotalEnergies has agreed to acquire the 20% interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford shale gas play, increasing its natural gas production capacity in Texas.

 

Located in Texas, the Dorado field will allow TotalEnergies to increase its net US natural gas production by 50 million cubic feet a day (mmcfd) in 2024, with the potential for an additional 50 mmcfd by 2028. The field has an emission intensity of around 10 kg CO2e/boe. In 2023, TotalEnergies’ net US natural gas output reached around 340 mmcfd (450 mmcfd technical production).

 

TotalEnergies, largest exporter of US LNG

With over 10 million tonnes (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’s LNG export capacity will reach 15 Mt/y by 2030 following the start-up of the first phase of the Rio Grande LNG project in Texas, currently under construction.

 

"This acquisition strengthens our production of natural gas in the US, 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 recognised for its strong technical expertise.”--TradeArabia News Service