HOUSTON, Dec. 7, 2023
/PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE:
TALO) today provides operational updates.
- Talos expects the impact related to the Main Pass Oil Gathering
pipeline shut-in to be immaterial to its fourth quarter 2023
results. Talos is among seven oil producers whose production has
been shut-in since mid-November 2023
in the U.S. Gulf of Mexico as a
result of the closing of the pipeline.
- Talos anticipates first production ahead of schedule by
year-end 2023 for Talos's Venice
and Lime Rock discoveries, which will be tied-back to the
Talos-owned and operated Ram Powell facility. Talos owns a 60%
working interest in both wells.
- Talos reaffirms its fourth quarter 2023 operational guidance.
As previously reported, for the fourth quarter 2023, Talos expects
average daily production of 66.5 - 68.5 thousand barrels of oil
equivalent per day.
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a
technically driven, innovative, independent energy company focused
on safely and efficiently maximizing long-term value through its
Upstream Exploration & Production and Low Carbon Solutions
businesses. We currently operate in the
United States and offshore Mexico. We leverage decades of technical and
offshore operational expertise to acquire, explore, and produce
assets in key geological trends while developing opportunities to
reduce industrial emissions through carbon capture and storage
projects along the U.S. Gulf Coast. For more information,
visit www.talosenergy.com.
INVESTOR RELATIONS
CONTACT
investor@talosenergy.com
FORWARD-LOOKING STATEMENTS
This communication may
contain "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended (the "Securities
Act"), and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact
included in this communication, regarding our strategy, future
operations, financial position, estimated revenues and losses,
projected costs, prospects, plans and objectives of management are
forward-looking statements. When used in this communication, the
words "will," "could," "believe," "anticipate," "intend,"
"estimate," "expect," "project," "forecast," "may," "objective,"
"plan" and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain such identifying words. These forward-looking
statements are based on our current expectations and assumptions
about future events and are based on currently available
information as to the outcome and timing of future events.
We caution you that these forward-looking statements are subject
to numerous risks and uncertainties, most of which are difficult to
predict and many of which are beyond our control. These risks
include, but are not limited to, our ability to realize the results
contemplated by our 2023 full year and fourth quarter guidance; the
uncertainty inherent in projecting future rates of production; and
the other risks discussed in "Risk Factors" in our Annual Report on
Form 10-K for the year ended December 31,
2022 and "Risk Factors" in our Quarterly Reports on Forms
10-Q filed with the U.S. Securities and Exchange Commission.
Should one or more of the risks or uncertainties described
herein occur, or should underlying assumptions prove incorrect, our
actual results and plans could differ materially from those
expressed in any forward-looking statements. All forward-looking
statements, expressed or implied, included in this communication
are expressly qualified in their entirety by this cautionary
statement. This cautionary statement should also be considered in
connection with any subsequent written or oral forward-looking
statements that we or persons acting on our behalf may issue.
Except as otherwise required by applicable law, we disclaim any
duty to update any forward-looking statements, all of which are
expressly qualified by the statements in this section, to reflect
events or circumstances after the date of this communication.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/talos-energy-provides-operational-updates-302008221.html
SOURCE Talos Energy