TotalEnergies expands natural gas production in Texas
Published by Jessica Casey,
Editor
LNG Industry,
TotalEnergies 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, increasing its natural gas production capacity in Texas and further strengthening its business integration in the US LNG value chain.
Located in Texas, the Dorado field will allow TotalEnergies to increase its net U.S. natural gas production by 50 million ft3/d in 2024, with the potential for an additional 50 million ft3/d by 2028. The field has an emission intensity of around 10 kg CO2e/boe. In 2023, TotalEnergies’ net US natural gas output reached around 340 million ft3/d (450 million ft3/d technical production).
With over 10 million t in 2023, TotalEnergies was the number one exporter of US LNG, thanks to its 16.6% stake in the Cameron LNG plant in Louisiana and several long-term purchasing agreements. The company’s LNG export capacity will reach 15 million tpy by 2030 following the start-up of the first phase of the Rio Grande LNG project in Texas, currently under construction.
“This acquisition strengthens our production of natural gas in the US, contributing to reinforce TotalEnergies' LNG integration with a low cost and low emission upstream gas feed,” said Nicolas Terraz, President, Exploration & Production at TotalEnergies. “We are pleased to partner with EOG Resources, an operator recognised for its strong technical expertise.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/08042024/totalenergies-expands-natural-gas-production-in-texas/
You might also like
Avenir LNG orders two LNG bunker and supply vessels
Avenir LNG Ltd has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd for two 20 000 m3 LNG bunker and supply vessels.