One-Page Deal Sheet
Talos Acquires GOM-Focused Whistler Energy II
Talos Energy Inc Whistler Energy II, LLC
Announced Date
September 05,2018
Effective Date
August 31,2018
Close Date
August 31,2018
Transaction Type
Corporate
Enterprise Value (EV)($MM)
52
Location
Calculated Metrics( EV/Category)
Region
Gulf of Mexico
Country
United States
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Talos Energy Inc. has acquired Apollo backed Whistler Energy II, LLC.
The purchase price was $52 million and, as part of this acquisition, Talos negotiated the release of approximately $77 million of cash collateral that had secured Whistler’s surety bonds that the Company will not need to replace. As a result, of the total cash collateral released, Talos received $31 million, with the seller entitled to the remaining $46 million. In addition, Talos also benefited from the $7 million available cash balance at Whistler at the time of the close, resulting in a net cash consideration of $14…
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