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Talos Energy Announces Strategic Acquisition of QuarterNorth Energy

PUBLIC · TALOJan 15, 2024

Acquiring Company

Talos Energy

Acquired Company

QuarterNorth Energy

HoustonHoustonOil And GasOil And Gas

Description

Talos Energy Inc. has announced the strategic acquisition of QuarterNorth Energy Inc. for $1.29 billion. This acquisition will provide Talos with additional scale from high-quality deepwater assets, favorable base decline profile, and attractive future development opportunities in the U.S. Gulf of Mexico. The Transaction is expected to be immediately accretive to Talos shareholders and accelerate de-leveraging of Talos's balance sheet, reinforcing Talos's strategy of building a large-scale offshore exploration and production company.

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Company Information

Company

Talos Energy

Location

333 Clay Street

Houston, Texas, United States

About

Talos Energy (NYSE: TALO) is a technically driven independent exploration and production company focused on safely and efficiently maximizing cash flows and long-term value through its operations, currently in the United States Gulf of Mexico and offshore Mexico. As one of the U.S. Gulf of Mexico's largest public independent producers, we leverage decades of geology, geophysics and offshore operations expertise towards the acquisition, exploration, exploitation and development of assets in key geological trends that are present in many offshore basins around the world. Our activities in offshore Mexico provide high impact exploration opportunities in an oil rich emerging basin. For more information, visit www.talosenergy.com.

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Frequently asked

Who acquired QuarterNorth Energy?

QuarterNorth Energy was acquired by Talos Energy, based in Houston. The deal was reported on January 15, 2024. Talos Energy is publicly traded (TALO) and operates in Oil And Gas.

When did Talos Energy acquire QuarterNorth Energy?

Talos Energy's acquisition of QuarterNorth Energy was reported on January 15, 2024. Talos Energy Inc. has announced the strategic acquisition of QuarterNorth Energy Inc. for $1.29 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does QuarterNorth Energy do?

The Gulf of Mexico is where we work and is the inspiration for our name. 25 degrees north latitude, or "quarter" north, runs directly through the Gulf of Mexico. It is privately held, operating in Oil And Gas, and is based in Houston.

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