Talos Energy Executes Agreement To Jointly Acquire Certain Deepwater Assets In Gulf Of America From Shell Offshore For $850M In Cash
Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO ) today announced the execution of a definitive agreement to jointly acquire certain deepwater assets in the Gulf of America from Shell Offshore Inc. ("Shell"), alongside an affiliate of Ridgewood Energy Corporation, for cash consideration of $850 million (net to Talos), subject to customary purchase price adjustments (the "Acquisition"). Talos expects its final net cash consideration to be approximately $450 - $500 million (1), based upon estimated interim cash flow from the acquired assets from the July 1, 2025 Acquisition effective date.
Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO ) today announced the execution of a definitive agreement to jointly acquire certain deepwater assets in the Gulf of America from Shell Offshore Inc. ("Shell"), alongside an affiliate of Ridgewood Energy Corporation, for cash consideration of $850 million (net to Talos), subject to customary purchase price adjustments (the "Acquisition").
Talos expects its final net cash consideration to be approximately $450 - $500 million (1), based upon estimated interim cash flow from the acquired assets from the July 1, 2025 Acquisition effective date.