Talos announced successful drilling results at the Daenerys prospect (Katmai West #2) in the Gulf of America (Walker Ridge blocks 106, 107, 150, and 151).
Daenerys is a good example of the evolution of deepwater project ownership, which was once exclusively the domain of major international oil companies. Over the past 20 years, participation by independents increased gradually, followed by smaller independents and informed investment companies.
Impressively, the Daenerys partnership (table below) includes a tribe that has the same % ownership as a super-major, and a highly efficient investment company owned by a single person.
| Talos (operator) | large US independent | 27.0% share |
| Shell | international supermajor | 22.5% |
| Red Willow | private company owned by the Southern Ute Tribe | 22.5% |
| Houston Energy | private independent focused on deepwater energy resources | 10.0% |
| Cathexis | holding company owned by a single individual | 9.0% |
| HEQ | portfolio company focused on deepwater Gulf | 9. |
Bud's Offshore Energy (BOE) 