Talos sells CCS subsidiary to TotalEnergies for ~$148M; to repay credit facility

TALOS ENERGY INC.

TotalEnergies acquires TLCS for $125M plus adjustments totaling ~$148M; effective date Jan 1, 2024.
Sale includes entire Gulf Coast CCS business: Bayou Bend, Harvest Bend, and Coastal Bend projects.
Proceeds will immediately repay borrowings under Talos credit facility and for general corporate purposes.
EVP Robin Fielder to transition and then leave Talos for other opportunities.
Talos may receive additional milestone payments on Harvest Bend or Coastal Bend projects.

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