Talos Energy loses millions in first quarter partly due to pipeline shut-ins
Profile of Talos Energy CEO Timothy Duncan. The Houston-based offshore company lost $66.4 million in the first quarter of 2022.Despite rising revenues, Talos Energy is reporting millions in losses for the first few months of the year, partly due to unplanned third-party pipeline shut-ins, the company said Wednesday.
Talos said it had around 40 days of unplanned downtime due to maintenance of a third-party pipeline, which resulted in a production impact of around more than four million barrels of oil per day.“In the first quarter of 2022 we generated over $92 million of free cash flow before working
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