Mergers & Acquisitions ·
Talos completes $420M acquisition of deepwater Gulf of Mexico assets from Shell, assumes decommissioning obligations
TALOTalos Energy Inc.
Talos Energy Inc. completed its acquisition of deepwater oil and gas assets in the Gulf of America from Shell Offshore Inc. on September 22, 2026. Talos Ocho Energy LLC acquired a 50% working interest and operatorship of the Coulomb field and a 25% non-operated working interest in the BP-operated Na Kika platform and associated fields for a net cash purchase price of $420 million. The transaction includes assumed decommissioning obligations secured by approximately $195.5 million in surety bonds. Concurrently, Talos amended its credit agreement to increase the borrowing base from $700 million to $850 million and issued supplemental indentures for its 2034 and 2031 senior secured notes. Talos Energy Inc. is an independent exploration and production company focused on offshore oil and gas assets in the Gulf of America.