TotalEnergies expands US natural gas production, acquires additional Eagle Ford interest

TotalEnergies has agreed to acquire from Lewis Energy Group a 45% interest in dry gas producing assets owned and operated by Lewis Energy in the Eagle Ford basin in Texas.

This is the second acquisition of non-operated shale gas assets this year following the purchase of non-operated interest in the Dorado asset in the Eagle Ford basin from Lewis Energy Group in April (OGJ Online, Apr. 8, 2024).

The assets, in Southwest Texas, have the potential to be developed to reach a sustainable gross production of around 400 MMcfd by 2028, TotalEnergies said in a release Sept. 27.

TotalEnergies is the largest exporter of US LNG, with over 10 million tonnes exported in 2023. The company owns a 16.6% stake in the Cameron LNG plant in Louisiana and several long-term purchasing agreements. The company’s US LNG export capacity is expected to reach 15 million tonnes/year by 2030.