0001193125-23-243818.txt : 20230927
0001193125-23-243818.hdr.sgml : 20230927
20230927165358
ACCESSION NUMBER: 0001193125-23-243818
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 14
CONFORMED PERIOD OF REPORT: 20230927
ITEM INFORMATION: Regulation FD Disclosure
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20230927
DATE AS OF CHANGE: 20230927
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: 231285264
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
d558598d8k.htm
8-K
8-K
false000172496500017249652023-09-272023-09-27
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): September 27, 2023
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 September 27, 2023, Talos Energy Inc. (the “Company”) issued a press release announcing the closing of the sale of a 49.9% interest in the Company’s Mexican subsidiary (“Talos Mexico”) to Zamajal, S. A. de C.V., a subsidiary of Grupo Carso (“Carso”). As consideration for the sale, the Company received $74.85 million in cash at closing, with an additional $49.90 million due upon first production, for an aggregate price of $124.75 million. Talos Mexico, now owned 50.1% by the Company and 49.9% by Carso, holds a 17.4% interest in the Zama field. The Company will remain the controlling shareholder of Talos Mexico.
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: September 27, 2023
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
d558598dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Talos Energy Completes Mexico Transaction with Grupo Carso
Houston,Texas, September 27, 2023 Talos Energy Inc. (Talos or the Company) (NYSE: TALO) and its Mexican
subsidiary (Talos Mexico) today announced the closing of the sale of a 49.9% interest in Talos Mexico to Zamajal, S. A. de C.V., a wholly-owned subsidiary of Grupo Carso (Carso), a company controlled by the family of the
Mexican billionaire Carlos Slim.
As consideration for the sale, Talos received $74.85 million in cash at closing, with an additional
$49.90 million due upon first production, for an aggregate price of $124.75 million. Talos Mexico, now owned 50.1% by Talos Energy and 49.9% by Carso, holds a 17.4% interest in the Zama field. Talos will remain the controlling shareholder
of Talos Mexico.
In June 2023, Mexicos Comisión Nacional de Hidrocarburos (CNH) approved the Zama Unit Development Plan. Talos
is working with the Zama Units Integrated Project Team to progress the front-end engineering and design and other workstreams required to reach a Final Investment Decision (FID). Talos will co-lead the planning, drilling, construction, and completion of all Zama wells and the planning, execution, and delivery of Zamas offshore infrastructure.
Talos President and Chief Executive Officer Timothy S. Duncan commented: We are excited to partner with Carso on Zama, one of the largest global shallow
water oil discoveries in recent years. We expect that Taloss strong operational track record combined with Carsos critical local presence and global commercial reputation will enable us to further advance Zama toward FID and first
production.
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 of Mexico. For more information, visit www.talosenergy.com.
INVESTOR RELATIONS CONTACT
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 will, 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.
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 ability to reach FID on the timeline currently contemplated or at all; government regulations and
actions by the Mexican national oil company; and the other risks discussed in Part I, Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2022 and
Part II, Item 1A. Risk Factors in our Quarterly Reports on Forms 10-Q for the quarters ended March 31, 2023 and June 30, 2023.
Should one or more of the risks or uncertainties described herein 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, included in this communication 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, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this communication.
TALOS ENERGY INC.
333 Clay St., Suite 3300, Houston, TX 77002
EX-101.SCH
3
talo-20230927.xsd
XBRL TAXONOMY EXTENSION SCHEMA
100000 - Document - Document and Entity Informationlink:calculationLinklink:presentationLinklink:definitionLinkEX-101.LAB
4
talo-20230927_lab.xml
XBRL TAXONOMY EXTENSION LABEL LINKBASE
Cover [Abstract]Cover [Abstract]Amendment FlagAmendment FlagEntity Central Index KeyEntity Central Index KeyDocument TypeDocument TypeDocument Period End DateDocument Period End DateEntity Registrant NameEntity Registrant NameEntity Incorporation State Country CodeEntity Incorporation State Country CodeEntity File NumberEntity File NumberEntity Tax Identification NumberEntity Tax Identification NumberEntity Address, Address Line OneEntity Address, Address Line OneEntity Address, Address Line TwoEntity Address, Address Line TwoEntity Address, City or TownEntity Address, City or TownEntity Address, State or ProvinceEntity Address, State or ProvinceEntity Address, Postal Zip CodeEntity Address, Postal Zip CodeCity Area CodeCity Area CodeLocal Phone NumberLocal Phone NumberWritten CommunicationsWritten CommunicationsSoliciting MaterialSoliciting MaterialPre Commencement Tender OfferPre Commencement Tender OfferPre Commencement Issuer Tender OfferPre Commencement Issuer Tender OfferSecurity 12b TitleSecurity 12b TitleTrading SymbolTrading SymbolSecurity Exchange NameSecurity Exchange NameEntity Emerging Growth CompanyEntity Emerging Growth CompanyEX-101.PRE
5
talo-20230927_pre.xml
XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
GRAPHIC
6
g558598g0928015141956.jpg
GRAPHIC
begin 644 g558598g0928015141956.jpg
M_]C_X 02D9)1@ ! 0$ 8 !@ #_VP!# @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$ P$! 0$!
M 0$! 0 $" P0%!@<("0H+_\0 M1$ @$"! 0#! <%! 0 0)W $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,! (1 Q$ /P#8M-0U^&W$
M=C)>"W!.T1[MO7GI2S>(/$5N0)[R\C)Y =F&:]BB@BAC$<4:H@Z*HP*\[^)7
M%_9X_P">1_F:YY0<5>YO&2D[6,.+7/$LZ;X;F^D7.,H6(K2T"[U6Y\5Z;_:;
MW#;6?9YV?[ISC-=-\/@#X<.1_P MF_D*ZAH8GD21HU+IG:Q'(^E5:3N3*:
M3:L/8A5))P ,D^E>.WWB75([Z=+;5+IH0Y"$N02*[[QMJ_\ 9NB-$C8FN?D7
MV'Z!#,]S)<2
MDGS&D.2#Z5N5Y9X"UC[%JAL96Q#<=,]FKU.M*F?;O64Y._+$TA%6YF7Q
MJWBC4?WD4^H./6$,!_X[Q3X?%7B+2I@L\TQQUCN5)S^?-<%?>)M7U"4O-?2@
M?PHC;57V '2M+1/%=T)X[+57:\L)"%99#EDSW4]C2]F^C'[1=CV?PYXMMM='
MDNHANP,E,\-]/\*Z+.!DUXA,DN@Z^5BD.Z"0%7'<=0?RKV42&\TL2Q\&:'C%.*6J.$\1>/+@74EII1"(AVF8C)8^WM6.L_BZY'G+)J94\@J7 K$
MADETW4DD>,&2"0$HXXR#T-=[!\2;B\5^(
M]+E"SRRG'5+E,Y_/FNU\/>(M0UZWEF6QB18R%W;R Q[XZ^WYUFW7BWP]K=J]
MI>0R1[U(#E =A]D5YS\089[S5($@@E?RH\,0O'/-55^$FG\1M_#W_D7#_UV;^0K
MJZY+P#OBT>6VEBDCD23<=RX!!_\ U5H^*M1FL=(=+:*1YYP44H,[?4_K3B[0
MN$E>5CSKQ=JQU?7I/+):&+]W&!WQWJY:>,-0L].2RCL(O)5-F"IY'?-6/ VE
M9UIY+VW?O1_LMO_P ^\7_? K.,92]ZYC"N=\?:5%+9VTMO;GSPQ7$:=1[XK)\%W=[I%^
MT$]K/]GG('"GY6]:4;PE8)>]&YL_$?\ Y!%M_P!=#_*J?PU^[>_A5KX@&2XM
MK>TA@E>0-O)5G[OLBW$6[KM4\T2=IW"*O"Q[72$A1DD #J37C_]
MH>)_^>MW^51SWWB)X&6>6Z,1'S9!QBJ]KY"]GYG<>/[-KO04GB&[R'W''H>*
M\\M8X]3T6\T9I%CEF*R0NQP-Z]C]:]@TN-9M!MHY5W*\(# ]^*X77? 5S#,T
M^E_O8B<^7GYE^GK1)._.@BU;E9Y)>:7?6$[0W-K+&ZG'*FM/0/#EU?W:3SHU
MO91,&EFD& /3U-=49M>L@(9%G 7HLD>['YBGII^OZVZH8IY%[9&%']*/:]D
M'L_,JWLS:SKSO!&?WT@5%'7' 'Z"O:+.#[-900?\\HU3\ABN:\,>#H]'<7=V
M5DNL?*!T3_Z]=3-YGDOY6/,VG;GIFG3BUJQ3DGHCE[[2= \0ZI=09\N]@(#L
MAQNS_.L]_AK;Y.R^DQ[J*P-1\,>(+&Y:["/([G
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. 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.