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Talos bulks up in GoM with US$640 million deals

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17 December 2019

Talos bulks up in GoM with US$640 million deals

Report summary

Talos will acquire a portfolio of assets in the US Gulf of Mexico for US$640 million. The sellers are private equity-backed companies – Riverstone-backed ILX Holdings, ILX Holdings II, ILX Holdings III, and subsidiaries of Castex Energy, and Warburg Pincus-backed Venari Resources. To help pay for the deal, Talos will issue an additional US$250 million in equity while also increasing its borrowing base. The acquisition portfolio includes a combination of producing assets, undeveloped ...

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
    • Upside
    • Risk
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

  • Executive summary: Table 1
  • Map
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Deal analysis: Table 4
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Talos bulks up in GoM with US$640 million deals

    PDF 4.32 MB

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