Published on 4 Jan 2024 on Zacks via Yahoo Finance
Talos (TALO) Initiates Production From Gulf of Mexico Wells
Talos Energy Inc. TALO has commenced oil and natural gas extraction at its Lime Rock and Venice discoveries located in the Gulf of Mexico.
Located near the Ram Powell platform, the wells are exclusively owned and operated by Talos. The company possesses a 60% working interest in both wells.
The Lime Rock and Venice wells were commissioned in late December 2023. The initial combined gross production rate of these wells has been noteworthy. It surpassed 18,500 barrels of oil equivalent per day, with production comprising about 45% oil and 55% liquids. The anticipated combined gross ultimate recoverable resources from the discoveries are estimated to be 20-30 million barrels of oil equivalent.