Welcome to our dedicated page for Talos Energy news (Ticker: TALO), a resource for investors and traders seeking the latest updates and insights on Talos Energy stock.
Talos Energy (TALO) is an independent offshore energy specialist focused on exploration and production in the US Gulf of Mexico and offshore Mexico. This page provides investors and industry professionals with comprehensive access to the company's latest news and official communications.
Track all material developments through verified press releases, operational updates, and strategic announcements. Our curated collection includes earnings reports, partnership agreements, asset acquisitions, and technology initiatives directly from Talos Energy's corporate communications.
Stay informed about key aspects of TALO's business including deepwater drilling progress, production milestones, and environmental stewardship efforts. This resource eliminates the need to monitor multiple sources by providing timely updates in one centralized location.
Bookmark this page for convenient access to critical information that impacts understanding of Talos Energy's market position and operational strategy. Check regularly for new developments in offshore energy exploration and production.
Talos Energy Inc. (NYSE: TALO) announced an agreement to lease approximately 26,000 acres along the Mississippi River for carbon capture and sequestration (CCS) projects. This marks the establishment of the River Bend CCS project, the first major CCS initiative in the Baton Rouge/New Orleans area. The project will have a storage capacity exceeding 500 million metric tons and is supported by a memorandum of understanding with EnLink Midstream for CO2 transportation. Talos has also secured a right of first refusal on an additional 63,000 acres for future expansion.
Talos Energy and EnLink Midstream have signed a memorandum of understanding to jointly develop a CO2 capture, transportation, and sequestration solution in Louisiana. This initiative will target the Mississippi River corridor, a major CO2 emissions area, leveraging EnLink's existing pipeline infrastructure and Talos's River Bend CCS site. The project aims to provide efficient, cost-effective CO2 management for industries in the region, significantly contributing to decarbonization efforts while utilizing Talos's geological expertise and EnLink's midstream capabilities.
On February 15, 2022, EnLink Midstream (NYSE: ENLC) and Talos Energy (NYSE: TALO) announced a memorandum of understanding to develop a comprehensive carbon capture, transportation, and sequestration (CCS) solution in Louisiana. This initiative targets industrial emitters along the Mississippi River corridor, leveraging EnLink's 4,000-mile pipeline network and Talos's River Bend CCS site with over 500 million metric tonnes of sequestration capacity. The collaboration aims to reduce emissions and accelerate decarbonization in a key industrial region.
Talos Energy Inc. (NYSE: TALO) announced estimated operational and financial results for Q4 and the full year of 2021. Average daily production reached a record high of 67.5 to 69.0 MBoe/d for Q4, with a full-year average of 64.0 to 64.5 MBoe/d. Realized prices were approximately $73 per barrel of oil and $33 per barrel of NGLs. However, cash hedge losses were around $100 million in Q4. The company repaid $25 million of debt, reducing the credit facility balance to $375 million. Talos is focusing on free cash flow generation and plans to expand its carbon capture initiatives in 2022.
Talos Energy (NYSE: TALO) will disclose its fourth quarter 2021 results on February 24, 2022, following market closure. The announcement will be accompanied by a live conference call scheduled for February 25, 2022, at 10:00 AM ET.
Participants can join the call via a webcast link or by phone. A replay of the call will be available until March 4, 2022. For further details on Talos Energy's exploration and production operations, visit their official website.
Talos Energy (NYSE: TALO) announces a fireside chat featuring President & CEO Timothy S. Duncan with KeyBanc's Leo Mariani on January 13, 2022, at 9:00 AM CT. The virtual event aims to discuss Talos's carbon capture initiatives, traditional energy business, and M&A strategies. Institutional investors are invited to participate, with a Q&A session included. The discussion is expected to last around one hour. For registration details, contact Lisa Setow at KeyBanc Capital Markets.
Talos Energy (NYSE: TALO) successfully completed its semi-annual reserves-based loan (RBL) redetermination, increasing commitments by approximately $62 million. The borrowing base is reaffirmed at $950 million, with total commitments rising to about $792 million. The company expects liquidity over $450 million by year-end 2021, marking a $75 million increase since September. Talos aims to enhance flexibility for early-stage investments in carbon capture and sequestration (CCS) projects, including advancing two identified sites along the U.S. Gulf Coast.
Talos Energy (NYSE: TALO) has appointed Robin Fielder as its first Executive Vice President of Low Carbon Strategy and Chief Sustainability Officer, effective immediately. Fielder, who has over 20 years of experience in the energy sector, will spearhead Talos's carbon capture and sequestration (CCS) initiatives and oversee ESG strategies. Previously, she served as CEO of Noble Midstream Partners and held various leadership roles at Anadarko Petroleum. Talos aims to expand its CCS business and strengthen its position in Gulf Coast opportunities, enhancing its sustainability and decarbonization efforts.
Talos Energy Inc. (NYSE: TALO) announced changes to its Board of Directors, with the resignations of two Apollo Global Management representatives and one from Riverstone Holdings, effective December 8 and 9, 2021. This leaves one Riverstone representative on the board. Talos President Timothy S. Duncan stated that these changes signal the company's evolution and highlighted Apollo's significant contributions. The board aims to review its composition to enhance shareholder value moving forward.
FAQ
What is the current stock price of Talos Energy (TALO)?
What is the market cap of Talos Energy (TALO)?
