U.S.A.: TotalEnergies Enhances Gas Value Chain Integration by Acquiring Producing Assets in the Eagle Ford Basin
TotalEnergies (TTE) has signed an agreement with Lewis Energy Group to acquire a 45% interest in dry gas producing assets in the Eagle Ford basin, Texas. This acquisition follows the Texas Dorado purchase announced in April 2024, further strengthening TotalEnergies' integration across the U.S. gas value chain. The assets have the potential to reach a sustainable gross production of around 400 Mcf/d by 2028.
TotalEnergies is currently the largest exporter of U.S. LNG, with over 10 million tons exported in 2023. The company's U.S. LNG export capacity is expected to reach 15 Mt/y by 2030. This acquisition enhances TotalEnergies' upstream gas position in the United States and contributes to its integrated LNG position with a low-cost upstream gas supply.
TotalEnergies (TTE) ha firmato un accordo con Lewis Energy Group per acquisire una partecipazione del 45% in asset produttivi di gas secco nel bacino dell'Eagle Ford, in Texas. Questa acquisizione segue l'acquisto Texas Dorado annunciato ad aprile 2024, rafforzando ulteriormente l'integrazione di TotalEnergies lungo la catena del valore del gas negli Stati Uniti. Gli asset hanno il potenziale di raggiungere una produzione lorda sostenibile di circa 400 Mcf/d entro il 2028.
TotalEnergies è attualmente il maggior esportatore di GNL degli Stati Uniti, con oltre 10 milioni di tonnellate esportate nel 2023. La capacità di esportazione di GNL degli Stati Uniti da parte dell'azienda è prevista raggiungere 15 Mt/y entro il 2030. Questa acquisizione migliora la posizione di TotalEnergies nel gas upstream negli Stati Uniti e contribuisce alla sua posizione integrata nel GNL con una fornitura di gas upstream a basso costo.
TotalEnergies (TTE) ha firmado un acuerdo con Lewis Energy Group para adquirir una participación del 45% en activos de producción de gas seco en la cuenca del Eagle Ford, Texas. Esta adquisición sigue a la compra de Texas Dorado anunciada en abril de 2024, fortaleciendo aún más la integración de TotalEnergies en la cadena de valor del gas en EE. UU. Los activos tienen el potencial de alcanzar una producción bruta sostenible de alrededor de 400 Mcf/d para 2028.
TotalEnergies es actualmente el mayor exportador de GNL de EE. UU., con más de 10 millones de toneladas exportadas en 2023. La capacidad de exportación de GNL de la compañía en EE. UU. se espera alcanzar 15 Mt/a para 2030. Esta adquisición mejora la posición de TotalEnergies en el gas upstream en los Estados Unidos y contribuye a su posición integrada en GNL con un suministro de gas upstream de bajo costo.
TotalEnergies (TTE)는 레위스 에너지 그룹과 건조가스 생산 자산의 45% 지분을 인수하는 계약을 체결했습니다. 이 인수는 2024년 4월에 발표된 텍사스 도라도 구매에 이어, 미국 가스 가치 사슬 전반에 걸쳐 TotalEnergies의 통합을 더욱 강화합니다. 이 자산은 2028년까지 약 400 Mcf/d의 지속 가능한 총 생산에 도달할 수 있는 잠재력을 가지고 있습니다.
TotalEnergies는 현재 미국의 최대 GNL 수출업체로, 2023년에는 1,000만 톤 이상을 수출했습니다. 회사의 미국 GNL 수출 용량은 2030년까지 15 Mt/y에 도달할 것으로 예상됩니다. 이 인수는 미국 내 TotalEnergies의 상류 가스 위치를 강화하고, 저비용 상류 가스 공급을 통해 통합 GNL 위치에 기여합니다.
TotalEnergies (TTE) a signé un accord avec Lewis Energy Group pour acquérir une participation de 45 % dans des actifs de production de gaz sec dans le bassin de l'Eagle Ford, au Texas. Cette acquisition fait suite à l'achat de Texas Dorado annoncé en avril 2024, renforçant ainsi l'intégration de TotalEnergies dans la chaîne de valeur du gaz aux États-Unis. Les actifs ont le potentiel d'atteindre une production brute durable d'environ 400 Mcf/jour d'ici 2028.
TotalEnergies est actuellement le plus grand exportateur de GNL des États-Unis, avec plus de 10 millions de tonnes exportées en 2023. La capacité d'exportation de GNL de l'entreprise aux États-Unis devrait atteindre 15 Mt/an d'ici 2030. Cette acquisition renforce la position de TotalEnergies dans le gaz en amont aux États-Unis et contribue à sa position intégrée en GNL avec un approvisionnement en gaz en amont à faible coût.
TotalEnergies (TTE) hat eine Vereinbarung mit Lewis Energy Group unterzeichnet, um eine 45%ige Beteiligung an Trocken-Gas produzierenden Vermögenswerten im Eagle Ford Becken, Texas, zu erwerben. Diese Akquisition folgt dem im April 2024 angekündigten Kauf von Texas Dorado und stärkt die Integration von TotalEnergies in der gesamten US-Gaswertschöpfungskette. Die Vermögenswerte haben das Potenzial, eine nachhaltige Bruttoproduktion von rund 400 Mcf/d bis 2028 zu erreichen.
TotalEnergies ist derzeit der größte Exporteur von US-LNG, mit über 10 Millionen Tonnen, die im Jahr 2023 exportiert wurden. Die US-LNG-Exportkapazität des Unternehmens wird voraussichtlich bisen 2030 auf 15 Mt/y steigen. Diese Akquisition verbessert die upstream Gasposition von TotalEnergies in den Vereinigten Staaten und trägt zu seiner integrierten LNG-Position mit einem kostengünstigen upstream Gasangebot bei.
- Acquisition of 45% interest in dry gas producing assets in Eagle Ford basin
- Potential to reach sustainable gross production of 400 Mcf/d by 2028
- Strengthens integration across U.S. gas value chain
- Largest exporter of U.S. LNG with over 10 million tons exported in 2023
- Expected increase in U.S. LNG export capacity to 15 Mt/y by 2030
- None.
Insights
TotalEnergies' acquisition of a
Key points:
- Potential to reach 400 Mcf/d gross production by 2028
- Strengthens TotalEnergies' position as the largest exporter of U.S. LNG
- Expands U.S. LNG export capacity to 15 Mt/y by 2030
This acquisition aligns with TotalEnergies' integrated energy model, securing low-cost upstream gas supply to support its LNG operations. The partnership with Lewis Energy Group, known for efficient gas operations, could lead to operational synergies and cost optimizations.
For investors, this move signals TotalEnergies' commitment to strengthening its position in the U.S. natural gas market, potentially leading to increased revenue streams and improved margins in its LNG business. The long-term outlook for natural gas demand, especially in the context of energy transition, makes this a strategically sound investment.
This acquisition represents a significant financial move for TotalEnergies, enhancing its vertical integration in the U.S. gas market. While specific financial terms weren't disclosed, the investment is likely substantial given the asset's production potential.
Financial implications:
- Increased natural gas production capacity, potentially boosting revenue
- Enhanced cost efficiency through integration of upstream and LNG operations
- Possible improvement in profit margins due to low-cost asset acquisition
- Long-term value creation through expanded LNG export capacity
The deal aligns with TotalEnergies' strategy to focus on low-cost, long-plateau assets, which typically offer stable cash flows and better returns on investment. This could positively impact the company's financial performance and stock valuation in the medium to long term.
Investors should monitor how this acquisition affects TotalEnergies' production costs, cash flow generation and overall profitability in the coming quarters. The company's ability to successfully integrate these assets and capitalize on the growing LNG market will be important for realizing the full financial benefits of this strategic move.
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement with Lewis Energy Group to acquire a
TotalEnergies further expands its natural gas production in the
Located in
This is the second acquisition of non-operated shale gas assets in 2024 after the purchase of non-operated interest in the Dorado asset, located in the Eagle Ford basin and which was purchased from Lewis Energy Group earlier this year. Moreover, TotalEnergies operates a technical production of around 500 Mcf/d in the Barnett.
TotalEnergies, the largest exporter of
With over 10 million tons (Mt) exported in 2023, TotalEnergies is the largest exporter of
“This acquisition further strengthens our upstream gas position in
TotalEnergies in
TotalEnergies is deploying its integrated energy model across
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
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Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
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FAQ
What assets did TotalEnergies (TTE) acquire in the Eagle Ford basin?
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How much U.S. LNG did TotalEnergies (TTE) export in 2023?
What is TotalEnergies' (TTE) expected U.S. LNG export capacity by 2030?
