0001193125-21-366673.txt : 20211227
0001193125-21-366673.hdr.sgml : 20211227
20211227071230
ACCESSION NUMBER: 0001193125-21-366673
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 14
CONFORMED PERIOD OF REPORT: 20211227
ITEM INFORMATION: Regulation FD Disclosure
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20211227
DATE AS OF CHANGE: 20211227
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: TALOS ENERGY INC.
CENTRAL INDEX KEY: 0001724965
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 823532642
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38497
FILM NUMBER: 211518910
BUSINESS ADDRESS:
STREET 1: 333 CLAY STREET
STREET 2: SUITE 3300
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: 713-328-3000
MAIL ADDRESS:
STREET 1: 333 CLAY STREET
STREET 2: SUITE 3300
CITY: HOUSTON
STATE: TX
ZIP: 77002
FORMER COMPANY:
FORMER CONFORMED NAME: SAILFISH ENERGY HOLDINGS Corp
DATE OF NAME CHANGE: 20171211
8-K
1
d281843d8k.htm
8-K
8-K
false000172496500017249652021-12-272021-12-27
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 27, 2021
Talos Energy Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-38497
82-3532642
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
333 Clay Street, Suite 3300
Houston, Texas
77002
(Address of principal executive offices)
(Zip Code)
(713)328-3000
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading
Symbol(s)
Name of Each Exchange
on Which Registered
Common Stock
TALO
NYSE
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01.
Regulation FD Disclosure.
On December 27, 2021, Talos Energy Inc. (the “Company”) issued a press release announcing the publishing of its second annual environmental, social and governance (“ESG”) report to stakeholders, highlighting the Company’s continued environmental, health and safety focus, positive impacts on communities and employees and solid governance practices. A copy of the ESG report can be found at the Company’s website at www.talosenergy.com. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this Item 7.01 by reference.
In accordance with General Instruction B.2 of Form 8-K, the information contained in this Current Report on Form 8-K under Item 7.01 and set forth in the attached Exhibit 99.1 is deemed to be “furnished” solely pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Cover Page Interactive Data File (embedded within the Inline XBRL document).
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 27, 2021
TALOS ENERGY INC.
By:
/s/ William S. Moss III
Name:
William S. Moss III
Title:
Executive Vice President, General Counsel and Secretary
2
EX-99.1
2
d281843dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
TALOS ENERGY RELEASES 2021 ESG REPORT
Houston, December 27, 2021 Talos Energy Inc. (NYSE: TALO) (Talos or the Company) today published its second annual
environmental, social and governance (ESG) report to stakeholders, highlighting the Companys continued environmental, health and safety focus, positive impacts on communities and employees and solid governance practices. Talos has
substantially increased the volume and quality of disclosures in this years report and further clarified alignment with recognized industry standards.
Key highlights of this years report include:
Established a long-term target of 30% greenhouse gas emissions (GHG) intensity reduction by 2025 from
the 2018 baseline, and more recently added a 40% reduction stretch target
Zero hydrocarbon releases of greater than one barrel and less than three-fourths of one barrel released from over
23 million gross operated barrels of oil equivalent (MMBoe) produced; Talos has operated for over 1,000 days without an offshore release more than one barrel
~3 million man hours worked with a 50% and 9% reduction in total recordable incident rates
(TRIR) and lost time incident rates (LTIR), respectively, from the 2018 baseline
Named a Houston Chronicle Top Workplace for the ninth consecutive year in a row
Enhanced and renamed the Board of Directors Safety Committee to the Safety, Sustainability and Corporate
Responsibility Committee to allow for greater oversight and management of ESG efforts, including climate-related risks and opportunities
Increased the weighting of ESG-related performance on managements
annual incentive plan to 20% of total
Talos President and Chief Executive Officer Timothy S. Duncan commented: We are very proud
to end the year with the publication of our second annual ESG Report. Each year our goal is to increase the standard and quality of our reporting while improving on the key metrics that reinforce our role as responsible corporate citizens. We
believe the Gulf of Mexico and Gulf Coast is a critical part of the global energy storyit is a basin where critical resources that fuel our daily lives can be developed safely and with one of the lowest emissions footprints in the world. Our
employees are extremely proud of the contents of this report from our safety and environmental track record to our community involvement and the culture we have created as a Top Workplace for nine straight years. We have evolved from one of the top
independent energy producers in the Gulf of Mexico to a total energy solutions company focused on both energy production and industrial carbon capture and sequestration and we are excited about the role we will play going forward in the future of
our industry.
ABOUT TALOS ENERGY
Talos
Energy (NYSE: TALO) is a technically driven independent exploration and production company focused on safely and efficiently maximizing long-term value through its operations, currently in the United States and offshore Mexico, both upstream through
oil and gas exploration and production and downstream through the development of future carbon capture and storage opportunities. As one of the Gulf of Mexicos largest public independent producers, we leverage decades of technical and offshore
operational expertise towards the acquisition, exploration and development of assets in key geological trends that are present in many offshore basins around the world. With a focus on environmental stewardship, we are also utilizing our expertise
to explore opportunities to reduce industrial emissions through our carbon capture and storage initiatives along the U.S. Gulf Coast and Gulf of Mexico. For more information, visit www.talosenergy.com.
TALOS ENERGY INVESTOR RELATIONS CONTACT
Sergio Maiworm
+1.713.328.3008
investor@talosenergy.com
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This communication may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the
Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this communication, regarding our strategy, future operations, financial
position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this communication, the words could, believe, anticipate,
intend, estimate, expect, project, forecast, may, objective, plan and similar expressions are intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of
future events.
TALOS ENERGY INC.
333 Clay St., Suite
3300, Houston, TX 77002
We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most
of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, our ESG performance and results, the success of our CCS business, commodity price volatility, including the sharp decline in oil
prices beginning in March 2020, the impact of the coronavirus disease 2019 (COVID-19) and governmental measures related thereto on global demand for oil and natural gas and on the operations of our
business, the ability or willingness of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries, such as Saudi Arabia and Russia, to set and maintain oil production levels
and the impact of any such actions, lack of transportation and storage capacity as a result of oversupply, government regulations and actions or other factors, inflation, lack of availability of drilling and production equipment and services,
environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating reserves and in projecting future rates of production, cash flow and access to capital, the timing of development expenditures, the
possibility that the anticipated benefits of recent acquisitions are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of such acquisitions, and other factors that may affect our
future results and business, generally, including those discussed under the heading Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on
March 11, 2021 and our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, filed with the SEC on November 3, 2021.
Should one or more of these risks occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those
expressed in any forward-looking statements. All forward-looking statements, expressed or implied, are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any
subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, to reflect events or
circumstances after the date of this communication.
TALOS ENERGY INC.
333 Clay St., Suite
3300, Houston, TX 77002
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The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is YYYY-MM-DD.
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.