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 reports news on its offshore exploration and production business in the United States Gulf of America and offshore Mexico. Recurring updates cover quarterly operating results, production and capital guidance, reserves, oil, natural gas and NGL sales, facility performance, and development activity tied to assets such as Tarantula, Katmai, Cardona, Zama and Daenerys.
Company news also includes Gulf of America lease awards and exploration prospects, balance-sheet actions such as credit-facility amendments, share repurchases, and portfolio changes involving Talos Mexico and the Zama Field. The company’s releases connect operating performance with offshore drilling, field development, commodity-price exposure and capital allocation.
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.
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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.
Talos Energy (NYSE: TALO) announces participation in the Stephens Investment Conference in Nashville, TN, on December 1-2, 2021. The company will also partake in a virtual panel discussion at 9:30 a.m. Eastern Time. Additionally, Talos will attend the Capital One Energy Conference on December 7-8, 2021. They have updated their investor presentation, which can be found on their website. Talos focuses on maximizing long-term value in oil and gas operations in the U.S. and offshore Mexico, and is involved in carbon capture and storage initiatives.
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.