Talos Energy Acquires Portfolio of U.S. Gulf of Mexico Assets
Houston-based Deepwater Gulf of Mexico player Talos Energy Inc. has entered into a series of definitive agreements with various affiliates of ILX Holdings, Castex Energy and Venari Resources to acquire a broad portfolio of producing assets, exploration prospects and acreage in the U.S. Gulf of Mexico, for a total consideration of US$640 million. ILX and Castex are both backed by investments from entities affiliated with private equity firm, Riverstone Holdings. Venari is backed by Warburg Pincus, Temasek, Kelso & Company, and The Jordan Company. The acquisition includes interests in ~700,000 gross acres of producing assets and exploration prospects located offshore in the U.S. Gulf of Mexico, including non-operated working interests in the Marmalard, Odd Job, Son of Bluto II, Niedermeyer, Barataria, Blue Wing Olive and Coelacanth Fields, the Nearly Headless Nick Discovery, and the Claiborne Prospect. Guggenheim Securities and JP Morgan Securities acted as financial advisors to Talos Energy.