TotalEnergies has signed an agreement with Lewis Energy Group to acquire a 45 percent interest in dry gas producing assets in the Eagle Ford basin, Texas. This acquisition strengthens TotalEnergies’ position across the US gas value chain, following its earlier Texas Dorado acquisition in April 2024.
Located in Southwest Texas, these newly acquired assets are expected to reach a sustainable gross production of around 400 million cubic feet per day by 2028. This marks the second non-operated shale gas acquisition by TotalEnergies in 2024, after purchasing a stake in the Dorado asset, also in the Eagle Ford basin, from Lewis Energy Group earlier this year. Additionally, TotalEnergies already operates approximately 500 Mcf/d in the Barnett shale.
TotalEnergies’ commitment to expanding its natural gas operations reinforces its role as the largest exporter of US LNG. In 2023, the company exported over 10 million tonnes, benefiting from its 16.6 percent stake in the Cameron LNG plant in Louisiana. The company aims to boost its US LNG export capacity to 15 million tonnes per year by 2030.
Nicolas Terraz, president of Exploration & Production at TotalEnergies, commented, “This acquisition further strengthens our upstream gas position in the United States and contributes to our integrated LNG position with a low-cost upstream gas supply. We are delighted to partner with Lewis Energy Group, a highly efficient operator with a long-standing presence in South Texas.”
For more information visit www.totalenergies.com
