Talos Energy is back in the black after making a net income of $195.1 million in the second quarter, with high oil prices resulting in record-breaking revenues.

The US independent came back from a net loss of $66.4 million in the previous quarter. Driven by realised prices of $108.03 per barrel of oil, Talos achieved revenues of $519.1 million.

“It was a strong quarter for Talos as we achieved rapid debt reduction led by record-breaking revenue and cost-control efforts despite macro-inflationary pressures,” said chief executive Timothy Duncan.