Talos Energy Announces Formal Execution of Texas GLO Carbon Capture Site Lease and Establishes Strategic Alliance with Core Lab

HOUSTON, March 16, 2022 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that Bayou Bend CCS LLC, Talos's venture with Carbonvert, Inc. (the "Venture"), executed definitive lease documentation with the Texas General Land Office ("GLO"), formalizing the previously announced carbon capture and sequestration ("CCS") site located offshore Jefferson County, Texas, near the Beaumont and Port Arthur, Texas industrial corridor. Talos separately announced that it had established a CCS strategic alliance with Core Laboratories N.V. ("Core Lab") (NYSE: CLB) (Euronext Amsterdam: CLB) to provide technical evaluation and assurance services for CCS subsurface analysis, including the Company's upcoming 2022 stratigraphic evaluation wells.