TotalEnergies on Friday announced a deal to buy a 45% stake in dry gas-producing assets owned and operated by Lewis Energy Group in the Eagle Ford basin in Texas, growing its gas production business and boosting its LNG portfolio. The assets that TotalEnergies is buying are located in Southwest Texas and have the potential to be developed to reach a sustainable gross production of around 400 Mcf/d by 2028. TotalEnergies, which is the leading exporter of U.S.
“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”, said Nicolas Terraz, President, Exploration & Production at TotalEnergies. The French group exported more than 10 million tons Mt of LNG from the U.S. in 2023, which makes it the largest exporter of American LNG. This is thanks to TotalEnergies’s 16.