Talos

BP Strikes Oil in Deepwater Puma West Prospect Near Mad Dog

BP Strikes Oil in Deepwater Puma West Prospect Near Mad Dog

BP plc said it has struck oil at the Puma West prospect offshore Louisiana near its Mad Dog platform in the deepwater Gulf of Mexico (GOM).  The well in Green Canyon Block 821 was drilled by BP, operator and owner of the block, on behalf of co-owners Chevron U.S.A. Inc. and Talos Energy Inc., each…

April 14, 2021
Talos Bolts On Natural Gas-Heavy GOM Acreage in Cash-Stock Deal with Castex

Talos Bolts On Natural Gas-Heavy GOM Acreage in Cash-Stock Deal with Castex

Houston offshore explorer Talos Energy Inc., which has holdings throughout the Gulf of Mexico, said it has bolted on 16 natural gas-heavy assets in its core U.S. holdings. The properties on the Outer Continental Shelf offshore Louisiana, in which Talos already has stakes, are being acquired from Castex Energy 2005 for an estimated $65 million,…

June 24, 2020
Talos CEO Forecasts Positive FCF at $30 Oil, Says Trimming Capex by $125M

Talos CEO Forecasts Positive FCF at $30 Oil, Says Trimming Capex by $125M

Houston-based Talos Energy Inc. expects to generate positive free cash flow (FCF) in 2020 despite the current dismal outlook for West Texas Intermediate (WTI) oil prices, CEO Timothy Duncan said Thursday.

March 12, 2020

Talos Wades into GOM Again, Spends $640M for Package of E&P Prospects

Houston-based Talos Energy Inc. has nabbed a bundle of offshore assets worth $640 million to build its Gulf of Mexico (GOM) producing portfolio and exploration prospects in U.S. waters.

December 12, 2019
Talos Snags More U.S. Deepwater Opportunities in Deals with BP, ExxonMobil

Talos Snags More U.S. Deepwater Opportunities in Deals with BP, ExxonMobil

Houston-based Talos Energy Inc. said Thursday it has clinched agreements with BP plc and with ExxonMobil Corp. to expand exploration ventures in the deepwater U.S. Gulf of Mexico (GOM).

September 19, 2019
Mexico Bid Round Winner Talos To Drill Five Additional Wells This Year — Bonus Coverage

Mexico Bid Round Winner Talos To Drill Five Additional Wells This Year — Bonus Coverage

Talos Energy Inc. plans to drill two exploration wells, two delineation wells, and one appraisal well this year in shallow waters off the coast of southeastern Mexico, CEO Timothy Duncan said last week.

March 20, 2019
AMLO Offers Three-Year ‘Truce’ to Oil, Gas Bid Round Winners

AMLO Offers Three-Year ‘Truce’ to Oil, Gas Bid Round Winners

Mexican President Andrés Manuel López Obrador said Wednesday that he will offer a three-year “truce” to oil and gas companies that won exploration and production (E&P) contracts through bid rounds under his predecessor, Enrique Peña Nieto.

December 7, 2018
Eni, Lukoil in Mexico Offshore Tie-up; Talos Considering More M&A

Eni, Lukoil in Mexico Offshore Tie-up; Talos Considering More M&A

Italy’s Eni SpA and Russian state-owned oil company Lukoil have agreed to swap participating stakes in three offshore blocks in Mexico’s Sureste Basin.

November 13, 2018
Mexico E&P Auctions to be Suspended Until Current Projects Start Producing, President-Elect Says

Mexico E&P Auctions to be Suspended Until Current Projects Start Producing, President-Elect Says

Mexican President-Elect Andrés Manuel López Obrador (AMLO) said last Wednesday he will suspend oil and gas bid rounds until the 107 contracts awarded through rounds under the current government begin producing.

October 23, 2018

Talos Mississippi Canyon Well in Deepwater Ramps Near Top of Guidance, Ahead of Schedule

Houston-based Talos Energy Inc. said its Mount Providence well in the Gulf of Mexico deepwater has begun producing about two months ahead of schedule, with current gross production of 3,850 boe/d — near the top of guidance.

July 19, 2018
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