TotalEnergies has entered into an agreement with Continental Resources to acquire a 49% stake in natural gas producing assets located in the Anadarko Basin, Oklahoma. These assets are currently owned and operated by Continental Resources. The deal aims to strengthen TotalEnergies’ position across the liquefied natural gas (LNG) value chain in the United States, leveraging existing midstream infrastructure that connects to Henry Hub.
The acquired assets have the potential to reach a gross production of approximately 350 million standard cubic feet per day (MMscfd) by 2030 and are expected to maintain this output over time. This would secure around 150 MMscfd of net gas production for TotalEnergies.
This move adds to previous acquisitions by TotalEnergies, including Dorado and Constellation in the Eagle Ford Basin completed in 2024. The company also operates technical production of about 500 MMscfd in the Barnett region.
“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, 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.”
TotalEnergies is currently recognized as the world’s third largest LNG player, holding a global portfolio of 40 million tons per year (Mt/y) as of 2024 due to interests in liquefaction plants worldwide. The company maintains an integrated presence across all stages of the LNG value chain—production, transportation, regasification capacity exceeding 20 Mt/y in Europe, trading, and bunkering. By 2030, TotalEnergies plans for natural gas to account for nearly half its sales mix as part of efforts to reduce carbon emissions and eliminate methane emissions from its operations.
In the United States, where it has been active since 1957, TotalEnergies has invested nearly $11 billion since 2022 toward expanding oil, LNG, and low-carbon electricity projects. In 2024 alone, U.S. operations produced over ten million tons of output. The company’s U.S. footprint includes upstream gas assets in Texas and offshore regions as well as ongoing deployment of its Integrated Power strategy with ten gigawatts (GW) of solar, wind, and battery storage either installed or under construction.
TotalEnergies describes itself as a global integrated energy company operating in about 120 countries with more than 100,000 employees focused on providing reliable and sustainable energy solutions.
