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Talos Energy plans modest growth, free cash flow generation
Talos Energy plans to grow production while maintaining free cash flow in 2019. The Gulf of Mexico-focused company announced capex of $465-485 million compared to an expected $430-450 million in 2018. Production guidance is targeting output of 53,000-56,000 boe/d, which at midpoint is an increase from 49,000-53,000 boe/d in 2018. Included in Talos’ plans are four Gulf of Mexico deepwater projects, four shallow-water drilling prospects and 15-20 asset management projects.In Green Canyon 281, the......
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