Talos

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,…

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.

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.

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).

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.

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.

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.

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.

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.