France’s TotalEnergies has agreed to buy the 20 percent interest held by Lewis Energy in the Dorado leases operated by EOG Resources in the Eagle Ford shale play, increasing its natural gas production capacity in Texas and further strengthening its business integration in the US LNG value chain.
Located in Texas, the Dorado field will allow TotalEnergies to increase its net US 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, it said in a statement.
According to TotalEnergies, the field has an emission intensity of around 10 kg CO2e/boe.
In 2023, TotalEnergies’ net US natural gas output reached around 340 Mcf/d (450 Mcf/d technical production).
Largest exporter of US LNG
With over 10 million tons (Mt) in 2023, TotalEnergies was the number one exporter of US LNG, thanks to its 16.6 percent stake in the Sempra infrastructure-operated Cameron LNG plant in Louisiana and several long-term purchasing agreements, the firm claims.
Moreover, the company’s LNG export capacity will reach 15 Mt/y by 2030 following the start-up of the first phase of NextDecade’s Rio Grande LNG project in Texas, currently under construction.
“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 and production at TotalEnergies.
