11:54 AM EDT, 09/05/2024 (MT Newswires) -- Talos Energy ( TALO ) said Thursday it found commercial quantities of oil and natural gas at its Ewing Bank 953 well in the US Gulf of Mexico, with preliminary data suggesting a gross recoverable resource potential of 15 million to 25 million barrels of oil equivalent.

First oil from the single subsea well is expected by mid-2026 with initial production seen in a range of 8,000 to 10,000 barrels per day, Talos said.

Separately, Talos also said it has agreed to participate in the Murphy Oil (MUR) -operated Sebastian prospect that began drilling last month in Block 387 of the Mississippi Canyon field in the Gulf of Mexico.

Preliminary results from the Sebastian prospect are expected before the end of the year, Talos said.

Talos shares recently were 0.7% higher in recent trading.

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