Talos Energy Inc. (NYSE: TALO) has announced a significant change in its leadership, with Tim Duncan stepping down from his role as President and Chief Executive Officer, effective August 29, 2024. Joseph A. Mills, a board member since March 2024, has taken on the role of interim President and CEO until a permanent successor is appointed.
Mills brings with him over 42 years of experience in the oil and gas energy business, having served in various leadership roles in both public and private companies within the sector. He is currently the CEO of Samson Resources II, LLC and has a strong background in the industry, holding executive positions in companies such as Eagle Rock Energy G&P, LLC, and Roan Resources Company.
Despite this leadership transition, Talos Energy has reaffirmed its third quarter 2024 production guidance, expecting an average daily production of 92.0 – 97.0 thousand barrels of oil equivalent per day. The company has also maintained its operational and financial guidance for the full year 2024.
Talos Energy, a technically driven, independent energy company, remains focused on maximizing long-term value through its upstream exploration and production business in the United States Gulf of Mexico and offshore Mexico. The company emphasizes safe and efficient operations, environmental responsibility, and community impact in its activities.
As Talos Energy undergoes this leadership transition, the focus remains on sustaining its operational and financial performance while the board searches for a new CEO to lead the company into the future and unlock further value. As a result of these announcements, the company's shares have moved -3.9% on the market, and are now trading at a price of $11.47. For more information, read the company's full 8-K submission here.
