LA DEFENSE (dpa-AFX) - Talos Energy Inc. (TALO) has entered into an
agreement for the sale of its subsidiary, Talos Low Carbon Solutions LLC, to
TotalEnergies E&P USA, for a purchase price of $125 million plus customary
reimbursements, adjustments and retention of cash, combined totaling
approximately $148 million. The sale includes Talos's entire carbon capture and
sequestration business.

Talos plans to use the proceeds from the sale to immediately repay borrowings
under its credit facility and for general corporate purposes. Talos noted that
it may realize additional future cash payments upon achievement of certain
milestones at the Harvest Bend or Coastal Bend projects or upon a subsequent
sale of these projects by TotalEnergies.



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