Talos Energy Racks Up Development Milestones in Gulf of Mexico

January 22, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Among President Donald Trump's first actions in his return to office was an executive order that rescinded former President Joe Biden's 11th-hour order to block 625 million acres of offshore areas from oil and gas drilling. That's good news for companies like Talos Energy Incorporated (NYSE:TALO) (Houston, Texas), which has notched up some recent deepwater discoveries.

Industrial Info is tracking more than $1.3 billion worth of active and proposed projects featuring Talos' services, almost all of which has a medium-to-high chance (70% or more) of beginning construction as scheduled. In August, Talos acquired a 21.4% interest in the Monument discovery in the Gulf of Mexico's Shenandoah Field, which is operated by Beacon Offshore Energy LLC.