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
Linde Doubles Production Capacity at Gulf Coast Facility
2024-05-14 - Linde’s expansion of the production capacity at its air separation facility in La Porte, Texas, will help meet growing demand for industrial gases in the area.
Gas Prices in a Summer of Discontent
2024-05-14 - In February, natural gas prices dropped below $2/MMBtu and stayed there. How is the market handling it, and when will the price pick back up?
Cheniere’s Next Corpus Christi LNG Stage Online by Year-end
2024-05-13 - Cheniere executives are optimistic the first LNG cargo will depart from Train 1 of its Corpus Christi Stage 3 project by the end of 2024, and that the company will bring all seven trains at the project online before the end of 2026.
What's Affecting Oil Prices This Week? (May 13, 2024)
2024-05-13 - For 2024, increasing supply will be more challenging unless U.S. producers start ramping up their capex and drilling programs beyond their current plans.
NextDecade Raises ‘Going Concern’ Doubts Amid Rio Grande LNG FID
2024-05-13 - NextDecade, which is developing the Rio Grande LNG project in Brownsville, Texas, highlighted “going concerns” amid plans to take a final investment decision on Phase 2 of the project by year-end 2024.