REG-TotalEnergies SE U.S.A.: TotalEnergies Enhances Gas Value Chain Integration by Acquiring Producing Assets in the Eagle Ford Basin

TotalEnergies SEAnnouncement

27/09/2024 07:15

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U.S.A.: TotalEnergies Enhances Gas Value Chain Integration by Acquiring
Producing Assets in the Eagle Ford Basin

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement with
Lewis Energy Group to acquire a 45% interest in dry gas producing assets owned
and operated by Lewis Energy Group in the Eagle Ford basin in Texas. The
acquisition of these low cost and long plateau assets further strengthens
TotalEnergies’ integration across the gas value chain in the US, and follows
the Texas Dorado acquisition announced in April 2024
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fnews%2Fpress-releases%2Funited-states-totalenergies-expands-its-natural-gas-production-texas&esheet=54127919&newsitemid=20240926059496&lan=en-US&anchor=follows+the+Texas+Dorado+acquisition+announced+in+April+2024&index=1&md5=4c57b80e7a8abc8be704d8e459c1ff76)
.

TotalEnergies further expands its natural gas production in the U.S.

Located in Southwest Texas, the acquired assets have the potential to be
developed to reach a sustainable gross production of around 400 Mcf/d by 2028.

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 U.S. LNG

With over 10 million tons (Mt) exported in 2023, TotalEnergies is the largest
exporter of U.S. LNG, thanks to its 16.6% stake in the Cameron LNG plant in
Louisiana and several long-term purchasing agreements. The Company’s U.S.
LNG export capacity is expected to reach 15 Mt/y by 2030.

“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. “We are delighted to partner with Lewis Energy
Group, a well-renowned and highly efficient gas operator with an historical
footprint in South Texas.”

TotalEnergies in the United States

TotalEnergies is deploying its integrated energy model across the United
States, where it has been active since 1957. With over 10 Mt of output in
2023, TotalEnergies is the leading exporter of U.S. LNG
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fcorporate.totalenergies.us%2Ftotalenergies-largest-exporter-us-liquefied-natural-gas-lng&esheet=54127919&newsitemid=20240926059496&lan=en-US&anchor=TotalEnergies+is+the+leading+exporter+of+U.S.+LNG&index=2&md5=d2a585c24e389b358c47f3d8d9802a2f)
, and plans to increase its capacity to 15 Mt/y after the start-up of the Rio
Grande LNG plant in South Texas. The Company is integrated throughout the LNG
value chain, with upstream gas production assets in Texas and offshore in the
Gulf of Mexico. The U.S. is also a key country for the deployment of
TotalEnergies’ Integrated Power strategy – with 25 GW of renewables
projects and flexible generation assets, and as a power trading hub in
Houston. Find out more about TotalEnergies’ U.S. presence here
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fcorporate.totalenergies.us%2Fjoin-us&esheet=54127919&newsitemid=20240926059496&lan=en-US&anchor=here&index=3&md5=d9b6f084d91e7d15c107ac3aa521f631)
.

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.

TotalEnergies Contacts

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

X @TotalEnergies
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LinkedIn TotalEnergies
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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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