Talos Energy announced on Thursday that it has found what it described as significant amounts of oil and natural gas in an underwater well in the Gulf of Mexico.
The company reported that preliminary data from the Ewing Bank 953 well suggests an estimated 15–25mboe in total resources, with an initial gross production rate of 8,000–10,000 barrels per day.
First production is expected in mid-2026, according to a statement released by the company.
The current plans include connecting the well to the South Timbalier 311 Megalodon host platform, which Talos partially owns. Talos has a 33.3% working interest in the EW 953 well, with the operator Walter Oil & Gas holding 56.7% and Gordy Oil Company holding 10%.
Joe Mills, Talos’s interim president and CEO said the discovery “follows a series of successful single-well subsea exploitation wells tied to Talos-owned infrastructure, such as Venice and Lime Rock, Sunspear and Claiborne sidetrack”.
Additionally, Talos has agreed to participate in the Sebastian prospect, which is currently drilled in Mississippi Canyon Block 387 in the US Gulf of Mexico.
The prospect drilling started in late August 2024 and contains an estimated resource potential of 9–16 mmboe.
