Talos Energy Stock Price, News & Analysis

Talos Energy Inc. (NYSE: TALO) has emerged as the apparent high bidder in the Outer Continental Shelf Federal Lease Sale 257, acquiring ten deepwater blocks covering 57,600 gross acres for approximately $4.8 million. These blocks are strategically located near Talos's Green Canyon and Mississippi Canyon facilities. The company was among the most active bidders along with major players like ExxonMobil and Chevron. The new leases are poised to enhance Talos's portfolio with both low-risk and high-impact opportunities, further solidifying its near-field development strategy.

Freeport LNG and Talos Energy (NYSE: TALO) have announced a letter of intent to develop the Freeport LNG CCS project in Texas, aiming for initial CO₂ injection by late 2024. Talos will manage the project, which utilizes a geological sequestration site near Freeport LNG's facilities, allowing for efficient execution and the potential for future expansion. This project will leverage Talos' expertise in oil and gas geology, contributing to the company's CCS portfolio, including their role as operator for the first major offshore CCS site in the U.S.

Talos Energy (NYSE: TALO) and Freeport LNG have signed a letter of intent to develop the Freeport LNG CCS project, aimed at carbon capture and sequestration near Freeport, Texas. First injection is projected for late 2024. The project will utilize a nearby geological sequestration site to permanently store CO₂ emissions, with potential for future expansion to accommodate additional CO₂ sources. Talos will serve as the project manager, leveraging its expertise in geology and engineering, along with Storegga Geotechnologies, to pioneer CCS initiatives in the Gulf Coast.

Talos Energy Inc. (NYSE: TALO) announced the pricing of a secondary public offering of 6,000,000 shares by affiliates of Apollo Global Management and Riverstone Holdings LLC. Talos is not selling shares and will not receive proceeds from the offering, which is expected to close on November 12, 2021. J.P. Morgan is the sole underwriter and has a 30-day option to purchase an additional 900,000 shares. Investors should refer to the prospectus supplement for more information.

Talos Energy (NYSE: TALO) announced a secondary public offering of 6,000,000 shares by affiliates of Apollo Global Management and Riverstone Holdings. Talos will not sell any shares or receive proceeds from this offering. J.P. Morgan serves as the sole underwriter, with an option to purchase an additional 900,000 shares. The offering is registered with the SEC, and prospective investors should review the related prospectus for complete information. The announcement highlights Talos's position as a significant player in the oil and gas sector, focusing on exploration and carbon capture initiatives.

Talos Energy reported operational and financial results for Q3 2021, with production at 56.5 MBoe/d, impacted by Hurricane Ida, causing a net loss of $16.7 million. Adjusted EBITDA stood at $131.4 million, demonstrating resilience despite production deferrals. Talos is now the operator of the Jefferson County carbon storage site, the first offshore CCS in the U.S., enhancing its carbon capture initiatives. Despite setbacks, the company expects to achieve its free cash flow goals for the year and anticipates production restoration in Q4 2021.

TechnipFMC (NYSE: FTI) and Talos Energy Inc. (NYSE: TALO) have formed a strategic alliance to promote Carbon Capture and Storage (CCS) solutions across the U.S. Gulf Coast. This partnership aims to leverage Talos's offshore experience and TechnipFMC's expertise in subsea engineering to enhance CCS adoption. Key initiatives include storage site characterization and life-of-field operations, further positioning both companies as leaders in the Gulf Coast CCS market. The collaboration underscores a commitment to reducing CO₂ emissions during the energy transition.

Talos Energy (NYSE: TALO) and TechnipFMC (NYSE: FTI) have formed a strategic alliance aimed at advancing Carbon Capture and Storage (CCS) projects across the U.S. Gulf Coast. This collaboration leverages Talos's offshore expertise with TechnipFMC's engineering capabilities to deliver specialized CCS solutions, enhancing their leadership in this emerging market. The partnership will facilitate the entire lifecycle of CCS, from site characterization to operational support. Talos's recent designation as the operator of the first major offshore carbon sequestration hub in the U.S. serves as a foundation for this initiative.

Talos Energy (NYSE: TALO) reported preliminary operational and financial results for Q3 2021, following Hurricane Ida disruptions. Average daily production was estimated between 56.0 and 56.5 MBoe/d, reflecting 10.0 to 11.0 MBoe/d of downtime. Prices realized were approximately $68 per barrel of oil, $30 per barrel of NGLs, and $4.50 per Mcf of natural gas, leading to hedge losses around $72 million. Despite production setbacks, the company expects fourth-quarter production between 64.0 and 66.0 MBoe/d and aims to generate significant free cash flow for the year.