Form SD - Specialized disclosure report
23 September 2024 - 10:45PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM SD
Specialized Disclosure Report
Talos Energy Inc.
(Exact Name of Registrant as Specified in its Charter)
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| Delaware |
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001-38497 |
| (State or other jurisdiction of incorporation) |
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(Commission File No.) |
333 Clay Street, Suite 3300
Houston, Texas 77002
(Address of principal executive offices) (Zip Code)
William S. Moss III
(713) 328-3000
(Name and telephone number, including area code, of the person
to contact in connection with this report.)
Check the appropriate box to
indicate the rule pursuant to which this form is being filed:
| ☐ |
Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ___________. |
| ☒ |
Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023. |
Section 1 – Conflict Minerals Disclosure
Not applicable.
Section 2 – Resource Extraction
Issuer Disclosure
Disclosure of Payments By Resource Extraction Issuers
The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.
On February 13, 2023, Talos Energy Inc. (“Talos”) completed the acquisition of EnVen Energy Corporation (“EnVen”), a private operator
in the deepwater U.S. Gulf of Mexico. Talos is not required to commence reporting payment information for EnVen until the Form SD submitted for the fiscal year immediately following the effective date of the acquisition. Talos is relying on this
accommodation. Any payments processed under EnVen’s accounting and reporting systems during a transitional period beginning on the acquisition date and ending on April 30, 2023 are not reflected in the payment disclosure.
Section 3 – Exhibits
The following exhibit is filed as part of this report.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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Talos Energy Inc. |
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| Date: September 23, 2024 |
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By: |
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/s/ William S. Moss III |
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Name: |
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William S. Moss III |
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Title: |
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Executive Vice President, General Counsel and Secretary |
Exhibit 2.01
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| Resource Extraction Payment Report - Oil and Natural Gas Exploration and Production |
| Reporting year: January 1, 2023 to December 31, 2023
Project disclosed: Oil and natural gas exploration and production (US Gulf of Mexico, offshore Louisiana,
US-LA) Reporting currency: United States Dollar (USD) (In thousands)
Resource and method of extraction: Oil and natural gas, use of well |
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| Country |
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Currency |
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Business
Segment |
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Payee Name |
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Department, Agency, etc. within
Payee that received Payments |
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Taxes |
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Royalties |
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Fees |
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Production
Entitlement |
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Bonuses |
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Dividends |
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Infrastructure
Improvement
Payments |
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Community
& Social
Responsibility
Payments |
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Total
Payments |
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Notes |
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| United States of America (US) |
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USD |
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Upstream |
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Federal Government |
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U.S. Department of the Interior Bureau of Ocean Energy Management |
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$ |
— |
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$ |
— |
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$ |
400 |
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$ |
— |
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$ |
2,303 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
2,703 |
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| United States of America (US) |
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USD |
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Upstream |
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Federal Government |
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U.S. Department of the Interior Bureau of Safety and Environmental Enforcement |
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— |
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— |
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232 |
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— |
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— |
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— |
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— |
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— |
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232 |
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| United States of America (US) |
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USD |
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Upstream |
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Federal Government |
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U.S. Department of the Interior Office of Natural Resources Revenue |
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— |
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239,990 |
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5,201 |
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— |
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1,310 |
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— |
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— |
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— |
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246,501 |
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(1 |
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| Total |
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$ |
— |
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$ |
239,990 |
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$ |
5,833 |
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$ |
— |
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$ |
3,613 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
249,436 |
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| (1) |
Royalties include $0.7 million of interest. The Federal Oil and Gas Royalty Management Act of 1982
requires the Office of Natural Resources Revenue to charge underpayment interest, which applies to late payments and any underpayment due. |
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| Resource Extraction Payment Report - Oil and Natural Gas Exploration and Production |
| Reporting year: January 1, 2023 to December 31, 2023
Project disclosed: Oil and natural gas exploration and production (Bay of Campeche, offshore Tabasco,
MX-TAB) Reporting currency: United States Dollar (USD) (In thousands)
Resource and method of extraction: Oil and natural gas, use of well |
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| Country |
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Currency |
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Business
Segment |
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Payee Name |
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Department, Agency, etc. within
Payee that received Payments |
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Taxes |
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Royalties |
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Fees |
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Production
Entitlement |
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Bonuses |
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Dividends |
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Infrastructure
Improvement
Payments |
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Community
& Social
Responsibility
Payments |
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Total
Payments |
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Notes |
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| United Mexican States (MX) |
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USD |
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Upstream |
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Federal Government |
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Mexican Petroleum Fund for Stabilization and Development |
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$ |
— |
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$ |
— |
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$ |
492 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
492 |
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(1 |
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| Total |
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$ |
— |
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$ |
— |
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$ |
492 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
492 |
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| (1) |
Conversion of payments denominated in the Mexican peso (MXN) were translated using the 2023 annual average rate
(1 MXN = 0.05646 USD). All payments made to the Mexican Petroleum Fund for Stabilization and Development were denominated in the MXN. |
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| Resource Extraction Payment Report -
Oil and Natural Gas Exploration and Production Total Payments by Category |
| Reporting year: January 1, 2023 to December 31, 2023
Reporting currency: United States Dollar (USD) (In thousands)
Resource and method of extraction: Oil and natural gas, use of well |
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Taxes |
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Royalties |
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Fees |
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Production
Entitlement |
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Bonuses |
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Dividends |
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Infrastructure
Improvement
Payments |
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Community
& Social
Responsibility
Payments |
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Total
Payments |
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Notes |
| Total |
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$ |
— |
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$ |
239,990 |
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$ |
6,325 |
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$ |
— |
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$ |
3,613 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
249,928 |
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v3.24.3
| X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
| Name: |
dei_AmendmentFlag |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
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| X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
| Name: |
dei_DocumentPeriodEndDate |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:dateItemType |
| Balance Type: |
na |
| Period Type: |
duration |
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| X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
| Name: |
dei_DocumentType |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:submissionTypeItemType |
| Balance Type: |
na |
| Period Type: |
duration |
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| X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityCentralIndexKey |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:centralIndexKeyItemType |
| Balance Type: |
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| Period Type: |
duration |
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| X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityRegistrantName |
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dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
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duration |
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| X |
- DefinitionThe three character ISO 4217 code for the currency used for reporting purposes. Example: 'USD'.
| Name: |
dei_EntityReportingCurrencyISOCode |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:currencyItemType |
| Balance Type: |
na |
| Period Type: |
duration |
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v3.24.3
Payments, by Category - USD ($)
$ in Thousands |
Royalties |
Fees |
Bonuses |
Total Payments |
| Total |
$ 239,990
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$ 6,325
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$ 3,613
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$ 249,928
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v3.24.3
Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands |
Royalties |
Fees |
Bonuses |
Total Payments |
| Total |
$ 239,990
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$ 6,325
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$ 3,613
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$ 249,928
|
| US Gulf of Mexico Project |
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| Total |
$ 239,990
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5,833
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$ 3,613
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249,436
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| Bay of Campeche Project |
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| Total |
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$ 492
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$ 492
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| X |
- Details
| Name: |
rxp_ProjectAxis=talo_UsGulfOfMexicoProjectMember |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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| X |
- Details
| Name: |
rxp_ProjectAxis=talo_BayOfCampecheProjectMember |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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v3.24.3
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands |
Royalties |
Fees |
Bonuses |
Total Payments |
| Total |
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$ 239,990
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$ 6,325
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$ 3,613
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$ 249,928
|
| United States of America (US) |
|
|
|
|
|
| Total |
|
239,990
|
5,833
|
3,613
|
249,436
|
| United States of America (US) | U.S. Federal Department of the Interior Bureau of Ocean Energy Management |
|
|
|
|
|
| Total |
|
|
400
|
2,303
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2,703
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| United States of America (US) | U.S. Federal Department of the Interior Bureau of Safety and Environmental Enforcement |
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|
|
|
|
| Total |
|
|
232
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232
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| United States of America (US) | U.S. Federal Department of the Interior Office of Natural Resources Revenue |
|
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|
|
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| Total |
[1] |
$ 239,990
|
5,201
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$ 1,310
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246,501
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| United Mexican States (MX) |
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| Total |
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492
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492
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| United Mexican States (MX) | Mexican Petroleum Fund for Stabilization and Development |
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| Total |
[2] |
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$ 492
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$ 492
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| X |
- Details
| Name: |
rxp_CountryAxis=country_US |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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| X |
- Details
| Name: |
rxp_GovernmentAxis=talo_FederalGovernmentUSDepartmentOfTheInteriorBureauOfOceanEnergyManagementMember |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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| X |
- Details
| Name: |
rxp_GovernmentAxis=talo_FederalGovernmentUSDepartmentOfTheInteriorBureauOfSafetyAndEnvironmentalEnforcementMember |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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| X |
- Details
| Name: |
rxp_GovernmentAxis=talo_FederalGovernmentUSDepartmentOfTheInteriorOfficeOfNaturalResourcesRevenueMember |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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| X |
- Details
| Name: |
rxp_CountryAxis=country_MX |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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| X |
- Details
| Name: |
rxp_GovernmentAxis=talo_FederalGovernmentMexicanPetroleumFundForStabilizationAndDevelopmentMember |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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v3.24.3
Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands |
Amount |
Type |
Country |
Subnat. Juris. |
Govt. |
Project |
Resource |
Segment |
Ext. Method |
| #: 1 |
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$ 400
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Fees
|
United States of America (US)
|
snj:US-LA
|
U.S. Federal Department of the Interior Bureau of Ocean Energy Management
|
US Gulf of Mexico Project
|
Oil and Natural Gas [Member]
|
Upstream [Member]
|
Well
|
| #: 2 |
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2,303
|
Bonuses
|
United States of America (US)
|
snj:US-LA
|
U.S. Federal Department of the Interior Bureau of Ocean Energy Management
|
US Gulf of Mexico Project
|
Oil and Natural Gas [Member]
|
Upstream [Member]
|
Well
|
| #: 3 |
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232
|
Fees
|
United States of America (US)
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snj:US-LA
|
U.S. Federal Department of the Interior Bureau of Safety and Environmental Enforcement
|
US Gulf of Mexico Project
|
Oil and Natural Gas [Member]
|
Upstream [Member]
|
Well
|
| #: 4 |
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239,990
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Royalties
|
United States of America (US)
|
snj:US-LA
|
U.S. Federal Department of the Interior Office of Natural Resources Revenue
|
US Gulf of Mexico Project
|
Oil and Natural Gas [Member]
|
Upstream [Member]
|
Well
|
| #: 5 |
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5,201
|
Fees
|
United States of America (US)
|
snj:US-LA
|
U.S. Federal Department of the Interior Office of Natural Resources Revenue
|
US Gulf of Mexico Project
|
Oil and Natural Gas [Member]
|
Upstream [Member]
|
Well
|
| #: 6 |
|
|
|
|
|
|
|
|
|
|
1,310
|
Bonuses
|
United States of America (US)
|
snj:US-LA
|
U.S. Federal Department of the Interior Office of Natural Resources Revenue
|
US Gulf of Mexico Project
|
Oil and Natural Gas [Member]
|
Upstream [Member]
|
Well
|
| #: 7 |
|
|
|
|
|
|
|
|
|
|
$ 492
|
Fees
|
United Mexican States (MX)
|
snj:MX-TAB
|
Mexican Petroleum Fund for Stabilization and Development
|
Bay of Campeche Project
|
Oil and Natural Gas [Member]
|
Upstream [Member]
|
Well
|
| X |
- Details
| Name: |
rxp_PmtAxis=1 |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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| X |
- Details
| Name: |
rxp_PmtAxis=2 |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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| X |
- Details
| Name: |
rxp_PmtAxis=3 |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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| X |
- Details
| Name: |
rxp_PmtAxis=4 |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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| X |
- Details
| Name: |
rxp_PmtAxis=5 |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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| X |
- Details
| Name: |
rxp_PmtAxis=6 |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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| X |
- Details
| Name: |
rxp_PmtAxis=7 |
| Namespace Prefix: |
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| Data Type: |
na |
| Balance Type: |
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| Period Type: |
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