Talos Energy Inc.
Overview
| Deal Type |
Mergers & Acquisitions |
|---|---|
| Size |
$1.1 Billion |
| Client & Transactional Partners |
Talos Energy Inc. EnVen Energy Corporation |
| Our Role |
Buy-Side Advisor |
Summary
On February 13, 2023, Talos Energy Inc. (Talos) closed on its $1.1 billion acquisition of EnVen Energy Corporation (EnVen), a private operator in the deepwater U.S. Gulf of Mexico. The transaction expands Talos' Gulf of Mexico operations with high margin, oil-weighted assets. KeyBanc Capital Markets (KBCM) served as Buy-Side Advisor on the transaction. KBCM was selected as a buy-side advisor to Talos Energy because of its deep relationships and extensive experience in the Gulf of Mexico.
Talos (NYSE:TALO) is a technically driven independent exploration and production company with operations in the United States and offshore Mexico. With the addition of EnVen's assets, Talos will produce nearly 90 MBoe/d. The company is also actively expanding its carbon capture and sequestration business through several joint ventures.
Prior to the transaction, EnVen engaged in exploration and production of oil and gas in the Gulf of Mexico. At the time of the transaction, EnVen produced approximately 24 MBoe/d that was >80% oil weighted. The company operated numerous platforms, including five major deepwater facilities with significant open capacity.
