TotalEnergies Inks Another Eagle Ford Basin Deal, Exec Says Stake Purchase 'Strengthens Upstream Gas Position'

TotalEnergies SE (NYSE:TTE) shares are trading higher premarket Friday. The company reached an agreement with Lewis Energy Group to acquire a 45% stake in its dry gas-producing assets in Texas’ Eagle Ford basin for an undisclosed amount.

Terms of the deal were not disclosed.

The acquisition of low-cost, long-life assets enhances TotalEnergies’ presence in the U.S. gas value chain and follows the company’s Texas Dorado acquisition in April 2024.

This marks TotalEnergies’ second acquisition of non-operated ...