(WO) – TotalEnergies has signed an settlement with Lewis Vitality Group to amass a forty five% curiosity in dry gasoline producing belongings owned and operated by Lewis Vitality Group within the Eagle Ford basin in Texas. The acquisition of those low-cost and lengthy plateau belongings additional strengthens TotalEnergies’ integration throughout the gasoline worth chain within the U.S., and follows the Texas Dorado acquisition introduced in April 2024.
Positioned in Southwest Texas, the acquired belongings have the potential to be developed to succeed in a sustainable gross manufacturing of round 400,000 cfgd by 2028.
That is the second acquisition of non-operated shale gasoline belongings in 2024 after the acquisition of non-operated curiosity within the Dorado asset, positioned within the Eagle Ford basin and which was bought from Lewis Vitality Group earlier this yr. TotalEnergies operates a technical manufacturing of round 500,000 cfgd within the Barnett.
With over 10 million tons exported in 2023, TotalEnergies is the most important exporter of U.S. LNG, because of its 16.6% stake within the Cameron LNG plant in Louisiana and a number of other long-term buying agreements. The Firm’s U.S. LNG export capability is anticipated to succeed in 15 MMtpa by 2030.
“This acquisition additional strengthens our upstream gasoline place in america and contributes to our built-in LNG place with a low-cost upstream gasoline provide”, stated Nicolas Terraz, President, Exploration & Manufacturing at TotalEnergies.
TotalEnergies is deploying its built-in power mannequin throughout america, the place it has been energetic since 1957. With over 10 million tons of output in 2023, TotalEnergies is the main exporter of U.S. LNG and plans to extend its capability to fifteen MMtpa after the start-up of the Rio Grande LNG plant in South Texas. TotalEnergies is built-in all through the LNG worth chain, with upstream gasoline manufacturing belongings in Texas and offshore within the Gulf of Mexico.