Talos Energy increases 2024 operational and financial guidance following early closing of QuarterNorth acquisition

For the full year 2024, Talos expects average daily production between 89 000 and 95 000 boe/d, an increase from the previous guidance of between 87 000 – 93 000 boe/d. This updated guidance includes approximately ten months of QuarterNorth contributions, as well as expected planned downtime and risking for unplanned downtime and weather-related events.

Full year 2024 Cash Expenses guidance includes approximately ten months of QuarterNorth and a full twelve-month impact of the EnVen transaction, compared to only approximately ten and a half months incurred in 2023. Talos expects approximately US$15 million in expenses related to the Helix Producer I drydock and other associated maintenance. This guidance also includes multiple deepwater workover projects expected to increase and/or reinstate production.

For the 1Q24, Talos expects average daily production between 78 000 – 80 000, an increase from the previous guidance of between 70 0000 – 72 000 boe/d. First quarter guidance includes March impacts of approximately one month of contribution from QuarterNorth, partial impact of the planned HP-I dry-dock shut-in and planned downtime at the Tarantula facility, impacting production from the Katmai field.

Read the article online at: https://www.oilfieldtechnology.com/special-reports/12032024/talos-energy-increases-2024-operational-and-financial-guidance-following-early-closing-of-quarternorth-acquisition/