Houston, Tex.-based Talos Energy Inc. (TALO) is a technically driven independent exploration and production company based in the United States and offshore Mexico. It operates both upstream through oil and gas exploration and production and downstream through the development of future carbon capture and storage opportunities. The company's shares have gained 48.5% in price year-to-date and 22.6% over the past month to close yesterday's trading session at $14.55.
TALO has formed multiple strategic alliances with other organizations to accelerate its operational growth. TALO's strategic partnership with TechnipFMC and its agreement with Freeport LNG and Storegga to create a Point Source CCS technology, which may become the first active carbon sequestration project on the U.S. Gulf Coast. In addition, TALO and its partner, Storegga, signed a memorandum of understanding with EnLink Midstream last month to collaborate on the River Bend CCS project, a fully-integrated CCS offering in the Baton Rouge – New Orleans industrial corridor.
