Talos Energy Announces Strategic Acquisition Of Enven Energy, Increasing Operational Scale And Improving Financial Profile Through The Addition Of Oil-Weighted, Deepwater Assets With Significant Infrastructure
Talos Energy Announces Strategic Acquisition Of Enven Energy, Increasing Operational Scale And Improving Financial Profile Through The Addition Of Oil-Weighted, Deepwater Assets With Significant Infrastructure
09/22/22, 11:06 AM
Talos Energy Inc. ("Talos" or the "Company") ( NYSE: TALO) today announced the execution of definitive agreements to acquire EnVen Energy Corporation ("EnVen"), a private operator in the deepwater U.S. Gulf of Mexico, for $1.1 billion1. The strategic transaction expands Talos's Gulf of Mexico operations with high margin, oil-weighted assets, is accretive to Talos shareholders on 2023E Free Cash Flow per Share2 and is immediately de-leveraging.