Talos Energy has announced that oil production from the Monument Wilcox field, managed by Beacon, will commence in the first quarter of 2027. This field is being developed with a gross production capacity of 20,000 to 30,000 barrels of oil equivalent per day (boed). Furthermore, the Daenerys appraisal well has reached its target depth and met the established objectives. Talos expects that additional appraisal operations, including a sidetrack in 2027, will be conducted.
Details of the Monument Field
The second development well at Monument was drilled in early September and commenced after the rig returned from a project in which Talos has no stake. The first well reached its target depth in June. Completion operations for both Monument wells will begin after the second well reaches its target depth. The Monument field is an oil discovery in the Wilcox area located in blocks Walker Ridge 271, 272, 315, and 316, and serves as a subsea tie-back to the developing Shenandoah production facilities. Talos has stated that another potential location could develop resources beyond the base case scenario. In this project, Beacon Offshore Energy LLC holds 41.7%, Talos holds 29.7%, and Navitas Petroleum LP holds 28.6%.
Operations in the Daenerys Field and Other Projects
In the Daenerys field, the appraisal well was drilled in early July and reached its target depth in late August. Talos has stated that the results obtained have provided a better understanding of reservoir characteristics and fluid properties, supporting further appraisals. The company is exploring development options, including a tie-back to an independent host, and also expects to conduct more appraisal operations in 2027. Talos has also forecasted that an exploratory well will be drilled in late 2027 or early 2028 in a project near the Daenerys field.
The CPN well, managed by Talos, achieved oil production in September 2026, and its performance has met expectations. Talos holds 65% in this project, while Walter Oil & Gas Corp. and Houston Energy hold 25% and 10%, respectively.
The Brutus floating rig program has commenced this season, and Talos has optimized the program to include batch drilling and completion, expanding the plan from four to five wells. Oil production from these wells is expected to gradually begin from the second to fourth quarter of 2027.
Outside of U.S. waters, Talos has announced a partnership deal in block 29, managed by Repsol in the Salinas-Sureste basin of Mexico, and will hold 50% of it upon finalization. This block includes the Polok and Chinwol oil discoveries, with recoverable resources estimated at over 200 million barrels of oil equivalent (MMboe). Additionally, another 200 million equivalent barrels of estimated resources are projected from several exploratory opportunities within the block. The project partners expect to advance this plan toward a final investment decision (FID) in 2027. Also, off the coast of Honduras, Talos holds a 45% operational interest in a block covering over 4 million acres and is beginning a 3D seismic campaign.
In the third quarter, Talos's production averaged 91,500 boed, which includes 68,500 barrels of oil per day (bopd). The company finalized the acquisition of Shell's deepwater assets for $420 million on September 22, 2026, and has raised its total annual production forecast to 69,000 bopd and 93,500 boed, a figure that also reflects the impact of non-core asset sales and Hurricane Isaiah in early October.
