Talos Energy continued advancing offshore oil and gas activity in the Gulf of America, with drilling work progressing at the Monument development and appraisal operations scheduled at the Daenerys discovery in 2026.
At Monument, drilling and well completion activities are underway and are expected to continue through 2026. Initial production from the Wilcox discovery remains targeted for late 2026. The company stated expected gross output is estimated at 20–30 million boe per day.
The project covers Walker Ridge blocks 271, 272, 315, and 316. Beacon Offshore Energy operates the field with a 41.7% stake, while Talos Energy holds 29.7% and Navitas Petroleum owns 28.6%.
Monument is being developed as a subsea tie-back to the Shenandoah production facility in Walker Ridge. The development includes a committed capacity of 20 million bbl/d. Talos also identified an additional drilling target that could expand the project’s resource potential.
The company expects drilling operations for the Daenerys appraisal well to begin in late Q2 2026. The well is intended to further evaluate the discovered resource across Walker Ridge blocks 106, 107, 150, and 151.
The initial Daenerys discovery well reached a total vertical depth of approximately 10,128 m using the West Vela drillship. The operation encountered oil-bearing intervals within several high-quality sub-salt Miocene reservoirs.
Talos Energy operates the project with a 27% interest alongside Shell Offshore (22.5%), Red Willow (22.5%), Houston Energy (10%), HEQ II Daenerys (9%), and Cathexis (9%).
The discovery well was temporarily suspended to preserve future operational options. According to the company, the drilling results supported its geological and geophysical interpretation of the prospect area.
Separately, Talos completed drilling activities at the Cardona well in late 2025, with production starting in early 2026 through the company-owned Pompano facility. Talos Energy holds a 65% operated interest, while an entity managed by Ridgewood owns the remaining 35%.
The company also finalized completion work at the CPN well during the first quarter of 2026. Start-up from the well is expected in the third quarter of 2026. Talos Energy operates the asset with a 65% stake, while Walter Oil and Gas holds 25% and Houston Energy owns 10%.
In Mexico, Talos completed the sale of a 30.1% interest in Talos Mexico to Zamajal, a subsidiary of Grupo Carso, for $83 million. The agreement included an initial payment of $50 million, with the remaining amount linked to commercial production from the Zama field.
Talos also expanded its Gulf portfolio during the December 2025 offshore lease sale in the Gulf of America. The company was named the apparent high bidder on 11 leases with bids totaling around $15 million. The acreage adds eight new exploration and development opportunities to its portfolio.
Paul Goodfellow, President and CEO of Talos Energy, said the company plans to resume work at Daenerys during the second quarter of 2026 to improve understanding of the discovered resource while maintaining a disciplined investment approach.
