Wedoany.com Report-Sept. 29, TotalEnergies has finalized an agreement to acquire a 49% stake in natural gas assets operated by Continental Resources in the Anadarko Basin, Oklahoma, enhancing its liquefied natural gas (LNG) operations in the United States. The assets, linked to the Henry Hub through existing midstream infrastructure, are projected to achieve a gross production capacity of approximately 350 million cubic feet per day (MMscfd) by 2030, securing a net production of about 150 MMscfd for TotalEnergies.

“This acquisition will further increase our natural gas production in the United States and consolidate TotalEnergies’ integrated LNG position with a competitive low-cost and low-emission gas production,” said Nicolas Terraz, President of Exploration & Production at TotalEnergies. “We are delighted to partner with Continental Resources, a reference operator in the Anadarko Basin, recognized for its strong technical expertise and operational excellence.”

The deal builds on TotalEnergies’ 2024 acquisitions in the Eagle Ford Basin, including the Dorado and Constellation assets, and complements its existing production of around 500 MMscfd in the Barnett shale. The Anadarko Basin assets strengthen the company’s portfolio by adding reliable, long-term gas production to support its LNG operations.

TotalEnergies’ strategy focuses on expanding its integrated LNG value chain in the U.S. while prioritizing cost-efficient and low-emission gas production. The partnership with Continental Resources leverages the operator’s proven expertise to ensure operational efficiency and sustainable output in the region.

This acquisition enhances TotalEnergies’ role in meeting global energy demand through cleaner, reliable natural gas production. By integrating these assets into its U.S. operations, the company strengthens its position in the LNG market, supporting energy security and sustainability goals.