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Talos Energy Announces Fourth Quarter And Full Year 2020 Results And Provides 2021 Guidance
HOUSTON, March 10, 2021 /PRNewswire/ Talos Energy Inc. ( Talos or the Company ) (NYSE: TALO) today announced its operational and financial results for the fourth quarter and full year 2020. The Company also announced its year-end 2020 reserves figures as well as 2021 operational and financial guidance.
Key Highlights - Fourth Quarter 2020:
Production of 59.4 thousand barrels of oil equivalent per day ( MBoe/d ) net. Year-end production exit rate was over 71.0 MBoe/d net.
Net Loss of $430.7 million inclusive of $267.9 million in commodity price-related impairments, or $5.73 loss per diluted share, and Adjusted Net Loss
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HOUSTON, Jan. 29, 2021 /PRNewswire/ Talos Energy Inc. ( Talos, or the Company ) (NYSE: TALO) today commented on recent Secretarial and Executive Orders (the Orders ) pertaining to oil and natural gas activities on federal lands and reiterated its ability to continue normal operations for both existing production and future drilling projects.
Talos does not expect any material near-term impact to its business model, operating plans or ability to continue generating long-term shareholder value from the recently announced Orders. Specifically, last week s Secretarial Order 3395 temporarily revised delegations of authority within the Department of the Interior for approvals of leases and permits outside of existing ongoing operations for the next 60 days, and does not constitute a ban or moratorium. Furthermore, as stated in this week s Department of the Interior news release, the Executive Order issued on Wednesday places a pause on new le