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.
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