Did Talos Energy buy enven energy?

In February 2023, it was announced Talos Energy had acquired the Houston-headquartered oil and gas company, EnVen Energy Corporation for $1.1 billion.

Where does Talos operate?

Talos currently operates in two jurisdictions, the U.S. Gulf of Mexico and shallow water offshore Mexico. Its operations in the U.S. Gulf of Mexico are primarily focused in deepwater, with key operational areas in the Green Canyon and Mississippi Canyon areas. Talos also maintains operations on the U.S. Gulf of Mexico Shelf.

Is Talos a publicly traded company?

Talos is one of the largest independent companies in the Gulf of Mexico, with operations across a range of deepwater and shallow water assets in both the United States and Mexico. Talos is publicly-listed on the New York Stock Exchange under ticker TALO. See our latest investor news, filings, events and presentations.

Who is the new CEO of Talos?

Tim Duncan will remain Chief Executive Officer and will retain one seat on the expanded Board of Directors, which will include six Talos directors (CEO and five independents) and two independents from the EnVen Board of Directors, Shandell Szabo and Richard Sherrill. The Board of Directors will have no private equity representatives post-closing.

Does Riverstone Holdings own Talos?

Riverstone Holdings, which currently owns ~15% of Talos, has executed a Support Agreement in favor of the transaction. A majority of EnVen shareholders have agreed to provide their written consents in favor of the transaction. Both Talos and EnVen Boards of Directors have unanimously approved the transaction.