Michael Carver's questions to Talos Energy Inc (TALO) leadership • Q3 2024
Question
Michael Carver of Pickering Energy Partners asked about the decision timeline for discretionary capital spending in the second half of 2025 and inquired about the financial costs associated with hurricane-related evacuations.
Answer
Interim President & CEO Joseph Mills stated that decisions on discretionary spending for H2 2025, mainly for mid-market rigs, would need to be made by the end of Q1 2025. Regarding storm costs, he confirmed there is a 'real cost' to evacuating hundreds of nonessential personnel via helicopters and boats but described the figure as 'not an inconsequential number' without providing a specific amount.