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SES - Talos Energy Highlights - March 19, 2020
In response to recent trends in oil and gas commodity markets, Talos Energy is reducing its previous 2020 capital and operating expenditure guidance. Spending targets have been lowered by more than $125 million to an unspecified amount. Prior guidance was $520-545 million, with $280-285 million to be spent offshore the US. The reduction will be achieved by utilizing flexibility in its short-term rig contracts. Price assumptions have been revised to $30/bbl WTI from $50/bbl......
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