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Talos Details Preliminary Q2 Estimates; 65 MBOEPD in Production

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   |    Tuesday,July 19,2022

Talos Energy Inc. provided select estimated operational and financial results for the second quarter of 2022.

Preliminary 2Q Estimated Results:

  • Average daily production between 65.0 and 65.5 MBOEPD, comprised of approximately 67% oil and 75% liquids
  • Realized prices before hedges of approximately $108 per barrel of oil, $37.75 per barrel of NGLs and $8 per Mcf of natural gas
  • Realized cash hedge losses of approximately $160 million
  • Repaid $146 million of debt in the second quarter, including $140 million repayment on the revolver - reducing the Company's credit facility balance to $200 million - and $6 million retirement at maturity of its 7.5% Notes
  • Initiation of the HP-1 facility dry-dock maintenance process, previously scheduled to begin in June, was deferred until early August and thus had no production impact on second quarter results.

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