TotalEnergies announced on Monday that it 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.
This acquisition increases TotalEnergies’ natural gas production capacity in Texas and further strengthens its business integration in the U.S. LNG value chain.
In Texas, the Dorado field presents an opportunity for TotalEnergies to boost its net U.S. natural gas production by 50 million cubic feet a day (Mcf/d) in 2024, with potential for an additional 50 Mcf/d by 2028. This field maintains an emission intensity of around 10 kg CO2e/boe.
In 2023, TotalEnergies achieved a net U.S. natural gas output of approximately 340 Mcf/d (450 Mcf/d technical production).With a total of over 10 million tons (Mt) in 2023, TotalEnergies led as the primary exporter of U.S. LNG, attributed to its 16.6% ownership in the Cameron LNG facility in Louisiana and various long-term purchasing agreements.
The company’s LNG export capacity is set to increase to 15 Mt/y by 2030 with the initiation of the first phase of the Rio Grande LNG project in Texas, currently undergoing construction.
TotalEnergies: Third in Global LNG Market Leadership
In the year 2023, TotalEnergies proudly ascended to the esteemed position of the world’s third-largest participant in the liquefied natural gas (LNG) industry, showcasing a robust global portfolio boasting 44 million metric tons per year (Mt/y). 
TotalEnergies’ comprehensive involvement spans the entirety of the LNG value chain, encompassing pivotal roles in production, efficient transportation networks, and access to over 20 Mt/y of regasification capacity within Europe.
Moreover, the company actively engages in trading operations and facilitates LNG bunkering services, thereby solidifying its stature as a fully integrated player within the global LNG landscape.
With an unwavering commitment to sustainability and environmental stewardship, TotalEnergies sets forth ambitious objectives to augment the proportion of natural gas within its sales mix to nearly 50% by the year 2030.
This strategic endeavor aligns with the company’s overarching mission to curtail carbon emissions and eliminate methane emissions associated with the gas value chain, thus contributing to global efforts aimed at mitigating climate change.
Furthermore, TotalEnergies is deeply invested in fostering collaborative partnerships with local stakeholders, thereby catalyzing the transition from coal to natural gas within communities worldwide.
By leveraging its expertise and resources, the company actively champions the adoption of cleaner energy solutions, thereby ushering in a sustainable and environmentally conscious era of energy consumption.
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