One-Page Deal Sheet
Talos to Acquire GOM-Focused EnVen Energy for $1.1 Billion Cash/Stock
Talos Energy Inc Enven Energy
Announced Date
September 22,2022
Transaction Type
Corporate
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Gulf of Mexico
Country
United States
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
Transaction Details: Require Private Equity Subscription
Talos Energy Inc. has agreed to acquire EnVen Energy Corp., a private operator in the deepwater U.S. Gulf of Mexico, for $1.1 billion.
Consideration for the transaction consists of 43.8 million Talos shares (~$887.5 million) and $212.5 million in cash, plus the assumption of EnVen's net debt upon closing, currently estimated at approximately $50.0 million at year-end 2022.
Following the transaction, Talos shareholders will own approximately 66% of the pro forma company and EnVen's equity holders will own the remaining 34%. The transaction has been unanimously approved by each company's Board…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-15-2024 |
-  |
- |
Click here | Louisiana | E&P |
| May-25-2022 |
- |
- |
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 | - |
- |
| Jan-10-2022 | W&T Acquires GOM Assets, Operatorship for $30.2MM in Cash | - |
- |
| Mar-05-2020 | W&T Offshore Acquires Additional WI in GOM Magnolia Field | - |
- |