By Bevo Beaven, Editor, Oil & Gas 360, with Olivier Goodrich

Gulf of Mexico explorer Talos Energy (stock ticker: TALO) has added three new lenders to its credit facility and bumped its borrowing base to $850 million from the previous level of $600 million.

Additionally, Talos has announced multiple derivative contracts, consisting of swaps and costless collars, to hedge its FY2020 oil production.

The company’s oil production goal for 2020 is 3,423,500 barrels, with an average price of $56.59/barrel, under the swap agreement. The weighted average floor and ceiling prices under the costless collars contract are $55.00 and $66.63.

Production Period
Instrument

Type
Avg.

Daily Volumes
Weighted Avg.

Swap Price
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