Talos Energy Inc., Houston, has increased its full year 2024 production guidance to 89,000-95,000 boe/d, reflecting the completion of its deal to acquire QuarterNorth Energy Inc. earlier than expected (OGJ Online, Jan. 16, 2024).
Prior guidance of 87,000-93,000 boe/d was based on an end-of-first-quarter 2024 close.
The updated guidance includes about 10 months of QuarterNorth contributions, as well as expected planned downtime and risking for unplanned downtime and weather-related events, the company said.
For first-quarter 2024, Talos expects average daily production of 78,000-80,000 boe/d, an increase from previous guidance of 70,000-72,000 boe/d. First quarter guidance includes March impacts of approximately 1 month of contribution from QuarterNorth, partial impact of the planned HP-I dry-dock shut-in and planned downtime at the Tarantula platform, impacting production from Katmai field in the US Gulf of Mexico.
Upstream capital expenditures of $570-600 million are expected for the year.
