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Talos Energy Completes Strategic Bolt-On Acquisition of Gulf of America Deepwater Oil Assets

  • Talos Energy Inc. closed its acquisition of deepwater Gulf of America assets from Shell Offshore Inc. & an affiliate of Ridgewood Energy Corporation.
  • The deal grants Talos a 50% working interest with operatorship in the Coulomb field & a 25% non-operated interest in the BP-operated Na Kika platform & four associated fields.
  • The final net cash purchase price was $420 million, including a $42.5 million escrowed deposit, & is subject to post-closing adjustments.
  • Acquired assets will contribute to third quarter 2026 results from closing date through quarter-end & will be fully consolidated starting in the fourth quarter of 2026.
  • Talos plans to release third quarter 2026 results on Tuesday, November 3, 2026, after U.S. market close.
  • An updated full-year 2026 guidance will be provided alongside the third quarter 2026 earnings release.
  • A live earnings conference call is scheduled for Wednesday, November 4, 2026, at 10:00 AM Eastern Time.
  • The call can be accessed via webcast link on Talos Energy website, by dialing (800) 836-8184 (North America) or (646) 357-8785 (international).
  • A replay of the call will be available from one hour after the event until November 11, 2026, by dialing (888) 660-6345 with access code 30408#.