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
How Diversified Already Surpassed its 2030 Emissions Goals
2024-04-12 - Through Diversified Energy’s “aggressive” voluntary leak detection and repair program, the company has already hit its 2030 emission goal and is en route to 2040 targets, the company says.
BKV CEO Chris Kalnin says ‘Forgotten’ Barnett Ripe for Refracs
2024-04-02 - The Barnett Shale is “ripe for fracs” and offers opportunities to boost natural gas production to historic levels, BKV Corp. CEO and Founder Chris Kalnin said at the DUG GAS+ Conference and Expo.