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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