The TotalEnergies Tower in Houston, Texas. (Source: Shutterstock)
Paris, France-based TotalEnergies will acquire Lewis Energy Group’s 20% interest in the Dorado Field in the Eagle Ford Shale, TotalEnergies said April 8.
TotalEnergies said its new interest in the Dorado Field, operated by EOG Resources (80% interest), will increase its natural gas production in Texas by 50 MMcf/d in 2024, with potential for an additional 50 MMcf/d by 2028.
The acquisition is expected to strengthen TotalEnergies’ U.S. LNG portfolio. The company said its LNG export capacity will reach 15 MMton annually by 2030 following the first phase of the Rio Grande LNG project in Texas.
Recommended Reading
North American LNG Exports Surge: Texas Fuels Mexico’s Growth
2024-11-05 - Mexico is finally getting its feet off the ground with LNG exports, joining the U.S. to make North America an LNG exporting powerhouse.
DOE: ‘Astounding’ US LNG Growth Will Raise Prices, GHG Emissions
2024-12-17 - The Biden administration released Dec. 17 a long-awaited report analyzing the effects of new LNG export projects, which was swiftly criticized by the energy industry.
E&Ps Capitalize on AI Surge with NatGas Investments, But Volatility Expected
2024-11-15 - EOG, Diamondback and Gulfport Energy remain optimistic—despite recent near-term volatility—and are doubling down on natural gas investments in order to meet growing energy demands.
Dallas Fed: Trump Can Cut Red Tape, but Raising Prices Trickier
2025-01-02 - U.S. oil and gas executives expect fewer regulatory headaches under Trump but some see oil prices sliding, according to the fourth-quarter Dallas Fed Energy Survey.
Golar LNG Buys $90MM Stake in FLNG Hilli
2024-12-24 - Golar LNG has purchased Seatrium’s and Black & Veatch’s minority ownership in the asset, which represents 8% of FLNG Hilli’s full capacity.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.