Forecast - Production | Capital Markets | Capital Expenditure | Capital Expenditure - 2020 | 2020 Guidance
Talos Boosts Spending 12% for 2020; Expects 26% Production Growth
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Talos Energy Inc. has detailed its plans for 2020.
2020 PlanThe company is planning to spend 12% more YOY and production is expected to grow 26% at the midpoint.
The bulk of Talos' 2020 spending will be on its US GOM operations ($280-285 million). Offshore Mexico operations will hit $15-20 million and the remainder is devoted to management, seismic and P&A.
U.S. Drilling & CompletionsThe U.S. Drilling & Completions ("US D&C") category accounts for the majority of the planned capital expenditures in 2020. Below is a further breakdown of the types of projects Talos will invest in 2020, as a percentage of US D&C.
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