An independent oil and gas exploration and production company focused on the Gulf of Mexico. The company assumed litigation tied to its acquisition of EnVen, including a severance case against Dunwoody that was affirmed on appeal in April 2023 and a Delaware suit over breach of fiduciary duty that went to trial in July 2023.
Talos Energy to acquire 50% working interest in Block 29 offshore Mexico from Repsol
Consideration includes a contingent $30 million payment at final investment decision, a cash carry of up to $20 million on the next exploration well, and reimbursement of certain pre-closing costs.
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Talos Energy's subsidiary agreed to acquire a 50% participating interest in Block 29 offshore Mexico, operated by Repsol.
Block 29 contains the Polok and Chinwol oil discoveries, estimated to hold more than 200 MMBoe of gross recoverable resource.
The transaction is subject to approval by Mexico's Secretaría de Energía and the National Anti-trust Commission of Mexico.
Partners expect to progress the project toward final investment decision in 2027.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Talos Energy issues $800M 8.000% senior secured notes due 2034 to fund acquisition and debt redemption
Net proceeds will fund part of the cash consideration for the pending Gulf of America Acquisition of oil and gas properties in the Mississippi Canyon area, including interests in Na Kika and Coulomb deepwater assets.
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On July 13, 2026, Talos Energy Inc. and its subsidiary Talos Production Inc. issued $800 million aggregate principal amount of 8.000% Second-Priority Senior Secured Notes due 2034.
Proceeds will also redeem all outstanding 9.000% Second-Priority Senior Secured Notes due 2029, which were redeemed on July 13, 2026 at 104.500% of principal plus accrued interest.
The 2034 Notes mature on July 15, 2034, with interest payable semi-annually at 8.000% per annum.
A Special Mandatory Redemption of $175 million of the 2034 Notes is required if the Gulf of America Acquisition does not close by December 31, 2026, or if BP exercises a preferential right to purchase certain assets.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Talos Energy prices $800M 8.000% senior secured notes due 2034; redeems 2029 notes
On July 1, 2026, Talos Production Inc. priced an offering of $800 million aggregate principal amount of 8.000% second-priority senior secured notes due 2034.
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Proceeds will fund part of the cash consideration for the pending Gulf of America acquisition, redeem all outstanding 9.000% second-priority senior secured notes due 2029, and pay related fees and expenses.
The 2029 notes redemption is conditional on the offering closing, with a redemption price of 104.500% of principal plus accrued interest, expected on July 13, 2026.
If the acquisition is not completed by December 31, 2026, or certain conditions occur, $175 million of the new notes will be subject to special mandatory redemption at 100% of principal plus accrued interest.
The new notes are unregistered and offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.
7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Talos Energy subsidiary launches $800M private offering of senior secured notes due 2034
The offering is exempt from registration under the Securities Act of 1933 and is being made to eligible purchasers.
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On July 1, 2026, Talos Production Inc., a wholly owned subsidiary of Talos Energy Inc., commenced a private offering of $800 million aggregate principal amount of second-priority senior secured notes due 2034.
Proceeds will support the pending acquisition of oil and gas properties in the Mississippi Canyon area of the Gulf of America, including interests in the Na Kika and Coulomb deepwater assets.
The acquisition is pursuant to a purchase agreement dated June 30, 2026, among Talos Ocho Energy LLC, RE Fund V Holdco II Infrastructure, LLC, and Shell Offshore Inc., with each buyer acquiring an undivided 50% interest.
The company furnished excerpts from the preliminary offering memorandum and a press release as exhibits to the Form 8-K.
7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Talos Energy to acquire Gulf of America deepwater assets from Shell for $1.7B
Talos Ocho Energy LLC and RE Fund V Holdco II Infrastructure, LLC agreed to acquire certain Gulf of America deepwater oil and gas properties from Shell Offshore Inc. for an unadjusted aggregate cash purchase price of $1,700 million.
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Each buyer will acquire an undivided 50% interest in the assets, including a 50% working interest in the Coulomb field and a 25% working interest in the BP-operated Na Kika platform and related fields.
The acquisition is expected to close by the end of 2026, subject to customary closing conditions, including regulatory approvals and the expiration of BP's 30-day preferential right.
Talos expects its final net cash consideration to be approximately $450–$500 million, based on estimated interim cash flow from the acquired assets from the July 1, 2025 effective date.
The acquired assets include approximately 23 MMBoe of proved reserves and 10 MMBoe of probable reserves, with first quarter 2026 production of about 16 MBoe/d (~77% oil).
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Leadership8-K
Talos Energy stockholders approve amended 2021 LTIP, increasing shares by 4.5 million.
Stockholders approved the Second Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan (A&R LTIP) at the June 4, 2026 Annual Meeting, effective that date.
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The A&R LTIP increases available shares from 12,439,415 to 16,939,415, with all shares eligible for incentive stock options.
Director Paula R. Glover's term expired at the Annual Meeting, reducing the Board from seven to six directors.
All six director nominees were elected for one-year terms expiring at the 2027 Annual Meeting.
Stockholders also approved, on a non-binding basis, named executive officer compensation and ratified Ernst & Young LLP as independent auditor for 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Talos Energy reports Q1 2026 results with net loss of $256.2 million and production of 88.8 MBoe/d
First quarter 2026 production was 88.8 MBoe/d (72% oil, 80% liquids), with oil production at the high-end of guidance.
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Total revenues were $472.3 million; net loss attributable to Talos was $256.2 million, or $1.52 per diluted share, including a $145.0 million non-cash ceiling test impairment.
Adjusted EBITDA attributable to Talos was $293.2 million; adjusted net loss was $11.3 million, or $0.07 per diluted share.
Generated $113.2 million of Adjusted Free Cash Flow and repurchased 2.7 million shares for $38.2 million; board increased repurchase authorization to $200 million.
For Q2 2026, Talos expects production of 63-67 MBo/d and 88-92 MBoe/d; reiterates full-year 2026 production guidance of 62-66 MBo/d and 85-90 MBoe/d.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits