USA: TotalEnergies has announced the acquisition of Lewis Energy Group‘s 20 per cent interest in the Dorado leases operated by EOG Resources in the Eagle Ford shale gas play, enhancing its natural gas production capacity in Texas.

This move strengthens TotalEnergies’ integration in the U.S. LNG value chain.

The Dorado field, located in Texas, is expected to boost TotalEnergies’ net U.S. natural gas production by 50 million cubic feet a day (Mcf/d) in 2024, with the potential for an additional 50 Mcf/d by 2028.

This acquisition aligns with TotalEnergies’ strategy to enhance its LNG integration with a low-cost and low-emission upstream gas feed.

TotalEnergies President of Exploration and Production Nicolas Terraz stated: “This acquisition strengthens our production of natural gas in the United States, contributing to reinforcing TotalEnergies’ LNG integration with a low-cost and low-emission upstream gas feed.

“We are pleased to partner with EOG Resources, an operator recognised for its strong technical expertise.”

TotalEnergies has been active in the United States since 1957, deploying its integrated energy model.

TotalEnergies is the largest exporter of U.S. LNG, with an output of over 10 million tonnes (Mt) in 2023.

The company’s LNG export capacity is set to reach 15 Mt/y by 2030, following the completion of the first phase of the Rio Grande LNG project in Texas.

TotalEnergies is the world’s third-largest LNG player, with a global portfolio of 44 Mt/y in 2023 and the company aims to increase the share of natural gas in its sales mix to close to 50 per cent by 2030 — focusing on reducing carbon emissions and promoting the transition from coal to natural gas in collaboration with local partners.