Mergers & Acquisitions ·
Talos Ocho Energy LLC, an indirect subsidiary of Talos Energy Inc., entered into a purchase and sale agreement to…
TALOTalos Energy Inc.
Talos Ocho Energy LLC, an indirect subsidiary of Talos Energy Inc., entered into a purchase and sale agreement to acquire oil and gas assets in the Mississippi Canyon area of the Gulf of Mexico from Shell Offshore Inc. for an unadjusted aggregate cash purchase price of $1,700 million. The acquisition involves a 50% interest for each of the two buyers, including the Na Kika and Coulomb deepwater assets. Simultaneously, the company amended its credit agreement to increase its borrowing base to between $800 million and $850 million upon closing of the acquisition. Talos Energy Inc. is an oil and gas exploration and production company.