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Talos Energy Inc.

Company Summary

Description

Talos is a technically driven independent exploration and production company focused on the exploration, development and acquisition of oil and natural gas properties primarily in the Gulf of Mexico Developed Deepwater and Shelf and on the Texas and Louisiana Gulf Coast, with year-end net proved reserves of over 100 million BOE and production of approximately 30,000 BOE/day net to the Company's interest. During 2015, we leveraged our technical and operational expertise in the Gulf of Mexico and expanded our acreage position into two shallow water exploration blocks off the coast of Mexico.

Website

http://www.talosenergyllc.com/

Operational Regions

  • Gulf of Mexico
  • Gulf Coast
  • Gulf of Mexico - Mexican Waters

Related Entities

Recent news

  • 3/27/2024 - CPS Energy to Acquire... (subscriber access)
  • 3/19/2024 - Talos Energy Finalizes... (subscriber access)
  • 3/12/2024 - Talos Energy Revises... (subscriber access)
  • 3/5/2024 - Talos Energy Completes... (subscriber access)
  • 3/1/2024 - Zama Offshore Oil... (subscriber access)

Investor Presentations

Company Transactions

Date: 9/30/2020
Type: Acquisition

BUYERS:
  • Talos Energy Inc.
    • SELLERS:
  • Castex Energy
    • DETAILS:

    COST: 65 $MM

    VOLUMES: 6.4 MBOE/d

    NOTES:
    Talos Energy reached a deal to acquire 16 producing properties held by affiliates of Castex Energy 2005 for $65 million, which is controlled by first lien lenders following that firms bankruptcy in 2018. The deal includes proved reserves of 17.6 MMboe and daily production of 6.4 Mboe/d (15% oil, 85% gas.) Talos will fund the deal by issuing 4.95 million common shares and paying $6.5 million in cash. Closing is expected in the third quarter of 2020.
    REGIONS:
  • Gulf of Mexico

    • Date: 3/31/2020
    Type: Acquisition

    BUYERS:
  • Talos Energy Inc.
    • SELLERS:
  • ILX Holdings
  • Castex Energy
    • DETAILS:

    COST: 250 $MM

    NOTES:
    The net consideration at closing of the ILX Acquisitions and Castex Acquisitions is expected to be funded with the issuance of new Talos shares and cash from existing sources of liquidity. Talos will issue 11.0 million shares to sellers at closing, or $250 million in equity consideration based upon the volume-weighted average price for the 30 trading days ending December 5, 2019.
    REGIONS:
  • Gulf of Mexico

    • Date: 3/31/2020
    Type: Acquisition

    BUYERS:
  • Talos Energy Inc.
    • SELLERS:
  • Venari Resources LLC
  • Venari Resources, LLC
    • DETAILS:

    COST: 390 $MM

    REGIONS:
  • Gulf of Mexico

    • Date: 9/19/2019
    Type: Acquisition

    BUYERS:
  • Talos Energy Inc.
    • SELLERS:
  • ExxonMobil Corporation
    • DETAILS:
    NOTES:
    In the Gulf of Mexico, Talos acquired ExxonMobil's Hershey prospect, located in Green Canyon Blocks 326, 327, 370, and 371.
    REGIONS:
  • Gulf of Mexico

    • Date: 1/16/2019
    Type: Acquisition

    BUYERS:
  • Talos Energy Inc.
    • SELLERS:
  • Samson Offshore Mapleleaf LLC
    • DETAILS:

    COST: 29.6 $MM

    VOLUMES: 1.65 MBOE/d

    NOTES:
    Talos Energy acquired a 9.6% non-operated working interest in the Gunflint producing asset for $29.6 million from Samson Offshore Mapleleaf in the Company's Mississippi Canyon core area. The net average production from the asset in October and November 2018 was 1.5 - 1.8 Mboe/d and contains net proved reserves of 2.2 MMboe (80% proved developed).
    REGIONS:
  • Gulf of Mexico

    • Date: 9/4/2018
    Type: Acquisition

    BUYERS:
  • Talos Energy Inc.
    • SELLERS:
  • Whistler Energy II LLC
    • DETAILS:

    COST: 52 $MM

    VOLUMES: 1.5 MBOE/d

    ACRES: 16494 Acres

    NOTES:
    The purchase price was $52 million and, as part of this acquisition, Talos negotiated the release of approximately $77 million of cash collateral that had secured Whistler's surety bonds that the Company will not need to replace. As a result, of the total cash collateral released, Talos received $31 million, with the seller entitled to the remaining $46 million. In addition, Talos also benefited from the $7 million available cash balance at Whistler at the time of the close, resulting in a net cash consideration of $14 million to Talos.
    REGIONS:
  • Gulf of Mexico

    • Date: 3/31/2018
    Type: Merger

    BUYERS:
  • Talos Energy Inc.
    • SELLERS:
  • Stone Energy Corp.
    • DETAILS:
    NOTES:
    Merging through an all-stock deal. Each shareholder of Stone will receive one share of Talos Energy common stock and Talos shareholders will be issued 34.2 million common shares in the new company.
    REGIONS:
  • Gulf of Mexico