Targets range from small privates to supermajor-owned assets
By Richard Rostad, analyst, Oil & Gas 360

Talos Energy (ticker: TALO) announced fourth quarter results and reserves today, showing $306.3 million in net income, or $5.66 per share. While most of this result is due to the company’s derivatives, even if these and other special charges are excluded Talos earned an adjusted $49.3 million in Q4.

Talos produced an average of 53.4 MBOEPD in Q4 and 52.4 MBOEPD in the full year, on the high end of guidance. Production was roughly evenly distributed between the company’s three main U.S. GOM areas, the Green Canyon, Mississippi Canyon and offshore shelf.

Talos reports it now holds 151.7 MMBOE of reserves, perfectly replacin...

Legal Notice