Talos Energy Inc. is an independent energy company engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs). The company's operations are concentrated in the United States Gulf of Mexico and offshore Mexico, where it focuses on maximizing long-term value through its upstream business. Talos Energy's business model revolves around acquiring, exploring, and developing offshore properties, utilizing advanced seismic imaging and resource evaluation techniques to optimize production and reserve recovery. The company generates its revenue entirely from the sale of extracted hydrocarbons. Its production mix is heavily weighted toward liquids, with crude oil accounting for approximately 75% of its production volume, natural gas comprising around 18%, and NGLs making up the remaining 7%. Key assets include operated and non-operated deepwater and shallow-water facilities, such as the Tarantula and Na Kika tie-backs, as well as the Zama discovery in Mexico. In early 2024, Talos divested its carbon capture and sequestration (CCS) subsidiary, Talos Low Carbon Solutions, to TotalEnergies, allowing the company to operate as a pure-play upstream exploration and production entity. The company sells its oil and natural gas primarily in the spot market or through contracts based on spot market prices to major energy trading and refining companies.
