One-Page Deal Sheet
Chevron Acquires 50% Stake in Talos' GOM Bayou Bend Carbon Capture Project
Chevron Corp Talos Energy Inc
Announced Date
May 25,2022
Effective Date
May 01,2022
Close Date
May 25,2022
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
50
Asset/Basin:
["Gulf of Mexico"]
TargetZones:
[]
Transaction Details: Subscribe to see
Talos Energy Inc., through its Talos Low Carbon Solutions division, Carbonvert, Inc., and Chevron, through its Chevron New Energies division, aren expanding their joint venture to develop the Bayou Bend CCS offshore carbon capture and sequestration (CCS) hub, effective May 1, 2022.
Under the terms of the transaction, Chevron has acquired a 50% stake in the expanded Bayou Bend CCS joint venture for gross consideration of $50 million to Talos and Carbonvert, consisting of $30 million of gross upfront cash and up to $20 million of gross capital cost reimbursement, expected to cover Talos and…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-15-2024 |
-  |
- |
Click here | Louisiana | E&P |
| Sep-22-2022 |
- |
- |
Click here | E&P | |
| Apr-05-2022 |
- |
- |
Click here | Gulf of Mexico | E&P |
| Jan-10-2022 |
- |
- |
Click here | E&P | |
| Oct-05-2020 |
- |
- |
Click here | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jan-15-2024 | Talos Acquires QuarterNorth Energy For $1.2 Billion | - |
- |
| Sep-22-2022 | Talos to Acquire GOM-Focused EnVen Energy for $1.1 Billion Cash/Stock | - |
- |
| Jan-10-2022 | W&T Acquires GOM Assets, Operatorship for $30.2MM in Cash | - |
- |