HomeNewsTotalEnergies Boosts U.S. Natural Gas Production with Texas Acquisition

TotalEnergies Boosts U.S. Natural Gas Production with Texas Acquisition

4/8/2024

(P&GJ) — TotalEnergies is expanding its natural gas production footprint in the United States through an agreement to acquire Lewis Energy Group's 20% interest in the Dorado leases operated by EOG Resources in the Eagle Ford shale gas play.

This move aims to increase TotalEnergies' natural gas production capacity in Texas, reinforcing its position in the U.S. LNG value chain.

The Dorado field, located in Texas, is expected to add 50 million cubic feet a day (MMcf/d) to TotalEnergies' net U.S. natural gas production in 2024, with the potential for an additional 50 MMcf/d by 2028. Notably, the field boasts an emission intensity of around 10 kg CO2e/boe. In 2023, TotalEnergies' net U.S. natural gas output stood at approximately 340 MMcf/d, with a technical production of 450 MMcf/d.

TotalEnergies holds the distinction of being the largest exporter of U.S. LNG, having exported over 10 million tons (Mt) in 2023. This achievement is attributed to its 16.6% stake in the Cameron LNG plant in Louisiana and several long-term purchasing agreements. Furthermore, the company's LNG export capacity is set to increase to 15 Mt/y by 2030 with the commencement of the first phase of the Rio Grande LNG project in Texas.

Nicolas Terraz, president of exploration and production at TotalEnergies, emphasized the significance of the acquisition, stating, '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. We are pleased to partner with EOG Resources, an operator recognized for its strong technical expertise.'

Related News

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}