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Water Tower Research Publishes Initiation of Coverage Report on Talos Energy, Inc. (NYSE: TALO) Titled “Back to the Future: Leveraging Core E&P Skills Into Carbon Capture “

March 15, 2022, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) published an Initiation of Coverage report on Talos Energy, Inc. (NYSE: TALO). Talos is a technically driven independent oil and gas exploration and production company headquartered in Houston, Texas. The company’s oil and gas activities are focused on geologic plays in the deepwater areas of the US Gulf of Mexico where management pursues acquisition, development, and exploration opportunities to build long-term value.

In 2021, management formed a carbon capture and sequestration (CCS) business to develop CCS projects on the US Gulf Coast. The CCS business leverages management’s decades of geological and geophysical technical experience to build an emerging long-term business to compliment Talos’s core E&P business. The company has forged strategic partnerships with entities experienced in CCS and with midstream companies to advance its efforts. Since June 2021, Talos has announced two regional-hub CCS projects and two point-source CCS projects.

CCS represents a business opportunity that could develop into a long-term fee-based revenue model with contracts structured as tolling arrangements. Such a business may trade at a higher valuation than a traditional upstream E&P business, providing investors with an intriguing value proposition. Talos’s CCS projects are still in the preliminary engineering and permitting stages. Currently estimated first injection is not anticipated until late 2024 at the earliest.

About Water Tower Research

Water Tower Research is an investor engagement and stakeholder communication platform powered by Wall Street veterans with significant experience and credibility. We create, deliver, and maintain the information flow required to build and preserve relationships between companies and all their stakeholders and investors. “Research for the other 99%” opens the door for every investor to stay informed and ensures transparency, better engagement, and equal communication.

Contact Information:

Name: Water Tower Research
Email: research@watertowerresearch.com
Job Title: WTR Investor Engagement

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