Dantzler (MC782) - Quarternorth Energy

Location

The Dantzler (MC782) field is located in the Mississippi Canyon protraction area of the Central Gulf of Mexico, United States.

Discovery and Development

• The Dantzler field was discovered in the Mississippi Canyon block 782.
• It was originally developed by Noble Energy, but the assets were acquired by Fieldwood Energy in 2018. Following the acquisition by Talos Energy, these assets are now part of QuarterNorth Energy's portfolio.

Geology and Reservoir

• Dantzler is a medium-sized subsalt Miocene oil and associated gas field. This indicates that the field is situated beneath a layer of salt, a common geological feature in the Gulf of Mexico that can complicate but also concentrate hydrocarbon deposits.

Production Status

• As of recent reports, the Dantzler field is described as an operating oil and gas field. However, there is also a mention of it being a shut-in asset in some contexts, which might indicate periods of non-production or maintenance.

Infrastructure

• There is no specific detail on the current infrastructure for Dantzler (MC782) in the provided sources. However, given its location and nature, it is likely developed with subsea facilities, similar to other fields in the region, such as the Big Bend field which is a subsea tie-back to the Thunder Hawk semi-submersible platform.

Ownership and Operation

• The field is currently owned by QuarterNorth Energy, which was recently acquired by Talos Energy. QuarterNorth operates and holds interests in several fields in the U.S. Gulf of Mexico, including Dantzler.

Production and Reserves

• While specific production figures for Dantzler (MC782) are not provided in the sources, it is part of QuarterNorth's portfolio that contributes to an overall average daily production of approximately 30 MBoe/d (75% oil) for QuarterNorth's assets in 2024. The field likely adds to the robust inventory of drilling opportunities and reserves upside for Talos Energy.

Financial and Operational Impact

• The acquisition of QuarterNorth Energy, including the Dantzler field, is expected to be immediately accretive to Talos Energy's key financial metrics, improve its credit profile, and enhance its operational breadth and production profile. The transaction also aims to capture meaningful operating synergies and reduce average abandonment, restoration, and decommissioning (ARO) obligations per barrel of oil equivalent (Boe).