TALO - Dividend announcements

Bayou Bend CCS LLC ("Bayou Bend"), a carbon capture and sequestration project located along the Texas Gulf Coast, announced today an expansion of its carbon dioxide ("CO2") storage footprint through the acquisition of nearly 100,000 acres onshore in Chambers and Jefferson Counties, Texas. The increased acreage positions Bayou Bend to be one of the largest carbon storage projects in the United States. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230306005314/en/(Graphic: Business Wire) Combined with the previously announced approximately 40,000 acres offshore Beaumont and Port Arthur, Texas, the expanded Bayou Bend project now e

HOUSTON, March 6, 2023 /PRNewswire/ -- Bayou Bend CCS LLC ("Bayou Bend"), a carbon capture and sequestration project located along the Texas Gulf Coast, announced today an expansion of its carbon dioxide ("CO2") storage footprint through the acquisition of nearly 100,000 acres onshore in Chambers and Jefferson Counties, Texas. The increased acreage positions Bayou Bend to be one of the largest carbon storage projects in the United States. Combined with the previously announced approximately 40,000 acres offshore Beaumont and Port Arthur, Texas, the expanded Bayou Bend project

Chevron U.S.A. Inc. ("Chevron"), through its Chevron New Energies division, Talos Energy Inc. (NYSE:TALO) ("Talos"), through its Talos Low Carbon Solutions division, and Carbonvert, Inc. ("Carbonvert") announced today the execution of definitive documentation and closing of the expanded joint venture to develop the Bayou Bend CCS offshore carbon capture and sequestration ("CCS") hub, effective May 1, 2022. Under the terms of the transaction, Chevron has acquired a 50 percent stake in the expanded Bayou Bend CCS joint venture for gross consideration of $50 million to Talos and Carbonvert, consisting of $30 million of gross upfront cash and up to $20 million of gross capital cost reimburseme

Chevron U.S.A., Inc. ("Chevron"), through its Chevron New Energies division, Talos Energy Inc. (NYSE:TALO) ("Talos"), through its Talos Low Carbon Solutions division, and Carbonvert, Inc. ("Carbonvert") announced today a memorandum of understanding ("MOU") for an expanded joint venture to develop the Bayou Bend CCS offshore carbon capture and sequestration hub currently held by Talos and Carbonvert. In 2021, a joint venture between Talos and Carbonvert (now known as Bayou Bend CCS) was the winning bidder for the Texas General Land Office's ("GLO") Jefferson County, Texas, carbon storage lease, located in state waters offshore Beaumont and Port Arthur, Texas. The Bayou Bend CCS project site