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Talos Energy Inc - TALO STOCK NEWS

Welcome to our dedicated news page for Talos Energy (Ticker: TALO), a resource for investors and traders seeking the latest updates and insights on Talos Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Talos Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Talos Energy's position in the market.

News
Talos Energy Announces Proposed Offering of $1,000 Million of Second-Priority Senior Secured Notes
Rhea-AI Summary
Talos Energy Inc. announced a $1,000 million offering of new Second-Priority Senior Secured Notes to fund an acquisition and redemption of existing notes. The net proceeds will also be used for general corporate purposes and to repay outstanding borrowings. The New Notes are guaranteed by Talos and certain subsidiaries and will initially be secured on a second-priority basis by the same collateral as the existing first-priority obligations under the Credit Facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
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none
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News
Talos Energy Announces Pricing of Upsized Underwritten Public Offering of Common Stock
Rhea-AI Summary
Talos Energy Inc. announced the pricing of its upsized underwritten public offering of 30,000,000 shares of its common stock, for total gross proceeds of approximately $351.0 million. The Company also granted the underwriters a 30-day option to purchase up to an additional 4,500,000 shares of its common stock at the public offering price. The offering is expected to close on January 22, 2024. The net proceeds from this offering will be used to fund a portion of the previously announced acquisition of QuarterNorth Energy Inc. The offering is being made pursuant to a shelf registration statement on Form S-3, including a base prospectus, which was filed with the U.S. Securities and Exchange Commission (the 'SEC') and became effective on June 14, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
offering
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News
Talos Energy Announces Commencement of Underwritten Public Offering of Common Stock
Rhea-AI Summary
Talos Energy Inc. has initiated a public offering of $300.0 million of common stock to fund the acquisition of QuarterNorth Energy Inc. The underwriters have a 30-day option to purchase an additional $45.0 million of shares. The offering is made pursuant to a shelf registration statement on Form S-3 filed with the SEC. J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, and Mizuho are acting as joint book-running managers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
offering
News
Talos Energy Announces Strategic Acquisition of QuarterNorth Energy
Rhea-AI Summary
Talos Energy Inc. announced the acquisition of QuarterNorth Energy Inc. for $1.29 billion, consisting of 24.8 million shares of Talos's common stock and approximately $965 million in cash. The transaction is immediately accretive to Talos shareholders and is expected to close by the end of the first quarter of 2024. It adds production of approximately 30 thousand barrels of oil equivalent per day for the full year 2024, with potential future development opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.37%
Tags
acquisition
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News
Talos Energy Starts Production at Lime Rock and Venice Gulf of Mexico Discoveries
Rhea-AI Summary
Talos Energy Inc. (TALO) has successfully started oil and natural gas production at its Lime Rock and Venice discoveries in the U.S. Gulf of Mexico, achieving an initial combined gross production rate of over 18,500 barrels of oil equivalent per day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.81%
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none
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News
Talos Energy Announces Portfolio Additions from Lease Sale Results and Execution of Acreage Consolidation Agreements
Rhea-AI Summary
Talos Energy Inc. (NYSE: TALO) named high bidder on 13 deepwater blocks in the U.S. Gulf of Mexico Outer Continental Shelf Federal Lease Sale 261, and executed Lease Exchange Agreements with BP, Chevron, and Hess. Talos's participation in these blocks is expected to be between 15% and 20%. President and CEO Timothy S. Duncan is pleased with the results and believes that this adds acreage and prospects to Talos's robust portfolio, providing opportunities for future growth and development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
Tags
none
News
Talos Energy Provides Operational Updates
Rhea-AI Summary
Talos Energy Inc. (TALO) expects immaterial impact from Main Pass Oil Gathering pipeline shut-in and anticipates first production ahead of schedule for Venice and Lime Rock discoveries. Talos reaffirms its fourth quarter 2023 operational guidance with an expected average daily production of 66.5 - 68.5 thousand barrels of oil equivalent per day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.97%
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none
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News
Talos Energy Appoints John Spath as Executive Vice President and Head of Operations
Rhea-AI Summary
Talos Energy Inc. (NYSE: TALO) appoints John Spath as the Executive Vice President and Head of Operations, bringing over 28 years of energy industry experience. Mr. Spath will be responsible for the Company's upstream business operations, succeeding Mr. Robert 'Bob' Abendschein, Executive Vice President and Chief Operating Officer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
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News
Talos Energy Publishes Annual Sustainability and TCFD Reports
Rhea-AI Summary
TALO - Talos Energy Inc. releases its annual Sustainability Report and Task Force on Climate-related Financial Disclosures Report for 2022, emphasizing transparency, emissions reduction efforts, and sustainability and governance improvements. Key highlights include a 30% reduction in Scope 1 GHG emissions intensity ratio, a 64% reduction in Scope 2 greenhouse gas emissions, and a commitment to further reduce GHG emissions by 15% from the new 2022 baseline by 2030. Talos also achieved a Zero Lost Time Incident Rate for the second consecutive year in 2022 and expanded its Low Carbon Solutions business with carbon capture projects supporting an estimated 1.7 billion tons of gross prospective storage resources.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.06%
Tags
none
News
Talos Energy Announces Third Quarter 2023 Operational and Financial Results
Rhea-AI Summary
Talos Energy Inc. announces its operational and financial results for Q3 2023. Highlights include production of 63.7 MBoe/d, revenue of $383.1 million, net loss of $2.1 million, adjusted net income of $18.6 million, adjusted EBITDA of $248.8 million, and capital expenditures of $194.6 million. Talos is making progress on Lime Rock and Venice discoveries and has signed an exploration agreement with Repsol. The Talos Mexico transaction with Grupo Carso has been closed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.17%
Tags
earnings
Stock TALO logo
Talos Energy Inc

NYSE:TALO

TALO Rankings

#1701 Ranked by Market Cap
#3695 Ranked by Stock Gains
N/A Ranked by Dividends

TALO Stock Data

2.58B
113.06M
20.28%
57.75%
6.86%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Houston

About TALO

talos energy is an independent oil and gas company formed in 2012. our expertise is exploring and producing offshore hydrocarbons in the us gulf of mexico region as well as offshore mexico. talos was formed in partnership with apollo global management and riverstone holdings for the purposes of buying assets in the gulf coast and gulf of mexico regions with emphasis on asset optimization, exploitation, and exploration in and around our assets. talos also engages in business development activities that include jv’s and farm-in’s where we utilize our 10.2 million acres of seismic inventory to optimize the economics of a transaction. talos energy’s management team has built and sold two previous private equity backed companies – phoenix exploration and gryphon exploration – and in each instance delivered significant returns to their investors. as a cohesive group working together for over a decade, the management team has a track record of enhancing mature fields by using innovative techn