Recent Updates — TALO

Talos Energy Inc. appointed Barbara J. Faulkenberry, a retired U.S. Air Force Major General, to its Board of Directors effective October 1, 2026. This appointment expands the board to seven members and includes the execution of a customary indemnification agreement. The company operates in the oil and gas exploration and production industry.

Talos Energy Inc. completed its acquisition of deepwater oil and gas assets in the Gulf of America from Shell Offshore Inc. on September 22, 2026. Talos Ocho Energy LLC acquired a 50% working interest and operatorship of the Coulomb field and a 25% non-operated working interest in the BP-operated Na Kika platform and associated fields for a net cash purchase price of $420 million. The transaction includes assumed decommissioning obligations secured by approximately $195.5 million in surety bonds. Concurrently, Talos amended its credit agreement to increase the borrowing base from $700 million to $850 million and issued supplemental indentures for its 2034 and 2031 senior secured notes. Talos Energy Inc. is an independent exploration and production company focused on offshore oil and gas assets in the Gulf of America.

Talos Energy Inc. reported second quarter 2026 financial results, generating $149.7 million in net income ($0.88 per diluted share) and $231.6 million in adjusted free cash flow on production of 93.7 MBoe/d. The company announced the acquisition of deepwater oil assets from Shell for a bolt-on transaction expected to close in Q3 2026, alongside a strategic farm-in with Repsol in offshore Mexico and an agreement to acquire an 80% interest in an offshore Honduras block. Talos also issued $800 million of 8.000% notes due 2034 to redeem $625 million of existing debt and fund the acquisition, while increasing its share repurchase authorization to $200 million. Additionally, the company raised its full-year 2026 production guidance midpoint to 66 MBo/d and 89 MBoe/d. Talos Energy Inc. is an independent exploration and production company focused on offshore oil and gas assets in the United States Gulf of America and Mexico.

Talos Energy Inc. entered into a farm-out agreement to acquire a 50% working interest in the Block 29 offshore Mexico development, operated by Repsol. The transaction includes a contingent $30 million payment at final investment decision, a $20 million cash carry on the next exploration well, and reimbursement of pre-closing costs. Concurrently, the company amended its credit agreement to increase the capacity for restricted foreign subsidiaries to incur up to $350 million of project financing indebtedness for Mexican assets by $50 million and increased the maximum Consolidated Total Debt to EBITDAX Ratio for Block 29 investments from 1.25 to 1.50. Talos Energy Inc. is an independent energy company focused on exploration and production in the Gulf of America and offshore Mexico.

Talos Energy Inc. issued $800,000,000 in 8.000% Second-Priority Senior Secured Notes due 2034 to fund the acquisition of oil and gas properties in the Gulf of America, redeem 9.000% Second-Priority Senior Secured Notes due 2029, and pay related fees. The company is an oil and gas exploration and production company.

Talos Production Inc. issued a conditional notice of redemption for all outstanding 9.000% second-priority senior secured notes due 2029 at a redemption price of 104.500% of principal plus accrued interest, contingent on the closing of an $800 million offering of 8.000% second-priority senior secured notes due 2034. Talos Energy Inc. operates in the energy sector, focusing on the exploration and production of oil and gas assets.