Talos Energy Adds to Gulf of Mexico Position with ‘Tactical’ Bolt-on

Among the acquired assets are multiple prolific, producing fields in the Gulf of Mexico Shelf that were originally discovered and/or operated by predecessor companies led by current Talos Energy management.

Talos Energy Adds to Gulf of Mexico Position with ‘Tactical’ Bolt-on

(Source: Talos Energy Inc.; Shutterstock.com)

Talos Energy Inc. tacked on additional assets located in its U.S. Gulf of Mexico (GoM) shelf core area through a bolt-on acquisition on June 22.

In a release from the Houston-based company, Talos said it had agreed to pay $65 million for  16 selected assets from affiliates of Castex Energy 2005. The purchase price will be funded through the issuance of approximately 4.95 million Talos common shares at closing and $6.5 million of cash.

Among the acquired assets are multiple prolific, producing fields that were originally discovered and/or operated by predecessor companies led by current Talos management.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access

Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.