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Talos Energy Announces Successful Exploration Results at Daenerys
Prnewswireยท 2025-08-19 20:17
Core Insights - Talos Energy Inc. announced successful drilling results at the Daenerys exploration prospect in the U.S. Gulf of America [1] - The discovery well reached a total vertical depth of 33,228 feet and encountered oil pay in multiple high-quality, sub-salt Miocene sands [2] - The well was completed approximately 12 days ahead of schedule and $16 million under budget, with plans for an appraisal well underway [2][4] Company Overview - Talos Energy is an independent energy company focused on maximizing long-term value through its Exploration & Production business in the U.S. Gulf of America and offshore Mexico [5] - The company leverages technical and operational expertise to acquire, explore, and produce assets while maintaining a focus on safety, efficiency, and environmental responsibility [5] Ownership Structure - Talos holds a 27% working interest in the Daenerys project, with Shell Offshore Inc. at 22.5%, Red Willow at 22.5%, Houston Energy, L.P. at 10%, Cathexis at 9%, and HEQ II Daenerys, LLC at 9% [3]