HOUSTON,
Aug. 30,
2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or
the "Company") (NYSE: TALO) today announced that Tim Duncan has stepped down from his role as
President and Chief Executive Officer, effective August 29, 2024. Joseph
A. Mills, who has served on the Company's Board since March,
2024, will serve as interim President and Chief Executive Officer
until a successor is in place. The Company's Board of Directors has
initiated a search for a successor in partnership with a leading
executive search firm.
"On behalf of the Board and the entire Talos
team, I want to express our gratitude to Tim for his invaluable
contributions to the Company," said Neal P.
Goldman, chairman of Talos' Board of Directors. "Currently,
Talos stands as a leading exploration & production company in
the Gulf of Mexico, backed by a
dedicated team committed to safely and efficiently driving
long-term value."
Goldman added: "We have complete confidence in
Joe's capabilities to carry out Talos' strategy as we search for a
new CEO to lead Talos into the future and unlock further value.
Mills brings a wealth of industry experience and knowledge,
boasting over 42 years in senior leadership positions and serving
on the boards of both public and private companies in the oil and
gas sector."
"I'm honored to step in as interim CEO of Talos,"
said Mills. "The Board has played an active role guiding and
evaluating our strategic approach, and I am confident about Talos's
direction and strategy. Our commitment remains firm in delivering
compelling value for our shareholders. I look forward to working
closely with the Board and leadership team, drawing on their
extensive knowledge to advance our strategic priorities during this
transitional period."
Talos reaffirms its third quarter 2024 production
guidance and operational and financial guidance for the full year
2024. As previously reported, for the third quarter 2024, Talos
expects average daily production of 92.0 – 97.0 thousand barrels of
oil equivalent per day.
Joseph A. Mills Biographical Details
Mr. Mills has over 42 years of experience in all
facets of the oil and gas energy business. Mr. Mills currently
serves as Board Member of Talos Energy and several other private
E&P companies. In addition, Mr. Mills serves as the Chief
Executive Officer of Samson Resources II, LLC, a position he has
held since March 2017. Prior to
joining Samson Resources, Mr. Mills served in various
leadership roles, including Chairman and Chief Executive Officer
positions for several public and private oil and gas companies,
including Samson Resources II, Eagle Rock Energy G&P, LLC and
Roan Resources Company. He also served in director and executive
officer positions at several other industry related companies
including El Paso Energy, Sonat Exploration, Black Stone Minerals
and Montierra Minerals & Production, LP. Mr. Mills
received a Bachelor of Business Administration degree in Petroleum
Land Management from the University of
Texas and a Master of Business Administration degree in
Finance from the University of Houston.
Additional information on Mr. Mills can be found in the Form
8-K filed by the Company.
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a technically
driven, innovative, independent energy company focused on
maximizing long-term value through its Upstream Exploration &
Production business in the United
States Gulf of Mexico and
offshore Mexico. We leverage
decades of technical and offshore operational expertise to acquire,
explore, and produce assets in key geological trends while
maintaining a focus on safe and efficient operations, environmental
responsibility and community impact. For more information,
visit www.talosenergy.com.
INVESTOR RELATIONS CONTACT
Clay Jeansonne
+1.713.328.3011
investor@talosenergy.com
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING
STATEMENTS
This communication may contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended (the "Securities Act"), and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical fact included in this communication,
regarding our strategy, future operations, financial position,
estimated revenues and losses, projected costs, prospects, plans
and objectives of management are forward-looking statements. When
used in this communication, the words "will," "could," "believe,"
"anticipate," "intend," "estimate," "expect," "project,"
"forecast," "may," "objective," "plan" and similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on our current expectations
and assumptions about future events and are based on currently
available information as to the outcome and timing of future
events.
We caution you that these forward-looking
statements are subject to numerous risks and uncertainties, most of
which are difficult to predict and many of which are beyond our
control. These risks include, but are not limited to, the timing
and success of strategic plan, quarterly average daily production
guidance, annual operational and financial guidance, and the other
risks discussed in "Risk Factors" in our Annual Report on Form 10-K
for the year ended December 31, 2023
and "Risk Factors" in our subsequent Quarterly Reports on Forms
10-Q filed with the U.S. Securities and Exchange Commission (the
"SEC").
Should one or more of the risks or uncertainties
described herein occur, or should underlying assumptions prove
incorrect, our actual results and plans could differ materially
from those expressed in any forward-looking statements. All
forward-looking statements, expressed or implied, included in this
communication are expressly qualified in their entirety by this
cautionary statement. This cautionary statement should also be
considered in connection with any subsequent written or oral
forward-looking statements that we or persons acting on our behalf
may issue. Except as otherwise required by applicable law, we
disclaim any duty to update any forward-looking statements, all of
which are expressly qualified by the statements in this section, to
reflect events or circumstances after the date of this
communication.
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SOURCE Talos Energy