Talos Energy to Acquire EnVen Energy for $1.1B

TL;DR

TALOS is buying ENVEN for $1.1B, expanding its Gulf of Mexico presence.

AI Summary

Talos Energy Inc. announced on June 4, 2024, that it has entered into a definitive agreement to acquire EnVen Energy Corporation for approximately $1.1 billion. The transaction includes EnVen's outstanding equity and assumes $375 million of EnVen's debt. This acquisition is expected to significantly expand Talos Energy's offshore Gulf of Mexico footprint and production.

Why It Matters

This acquisition is a major consolidation play in the Gulf of Mexico, potentially leading to increased operational efficiencies and a stronger market position for Talos Energy.

Risk Assessment

Risk Level: medium — The acquisition involves a significant amount of debt assumption and integration risks, which could impact Talos Energy's financial performance.

Key Numbers

• $1.1B — Acquisition Value (Total consideration for EnVen Energy)
• $375M — Assumed Debt (Debt from EnVen Energy included in the transaction)

Key Players & Entities

• Talos Energy Inc. (company) — Acquiring company
• EnVen Energy Corporation (company) — Acquired company
• $1.1 billion (dollar_amount) — Total acquisition cost
• $375 million (dollar_amount) — Assumed debt from EnVen
• June 4, 2024 (date) — Date of definitive agreement

FAQ

Filing Documents

• d681756d8k.htm (8-K) — 21KB
• 0001193125-24-153704.txt ( ) — 139KB
• talo-20240604.xsd (EX-101.SCH) — 3KB
• talo-20240604_lab.xml (EX-101.LAB) — 18KB
• talo-20240604_pre.xml (EX-101.PRE) — 11KB
• d681756d8k_htm.xml (XML) — 4KB

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): June 4, 2024 TALOS ENERGY INC. (Exact Name of Registrant as Specified in Charter) Delaware 001-38497 82-3532642 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 333 Clay Street , Suite 3300 Houston , Texas 77002 (Address of Principal Executive Offices) (Zip Code) (713) 328-3000 (Registrant's Telephone Number, Including Area Code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock TALO NYSE Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item7.01. Regulation FD Disclosure. On June 4, 2024, Talos Energy Inc. (the "Company") posted a new investor presentation on its website, www.talosenergy.com. A copy of the presentation can be reviewed at the Company's website by first selecting "Investors," then selecting the "Events & Presentations" tab. Information on the Company's website does not constitute a part of this Current Report on Form 8-K. In accordance with General Instruction B.2 of Form 8-K, the information contained in this Current Report on Form 8-K under Item 7.01 is deemed to be "furnished" solely pursuant to Item 7.01 of Form 8-K and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 4, 2024 TALOS ENERGY INC. By: /s/ William S. Moss III Name: William S. Moss III Executive Vice President, General Counsel and Secretary

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View this 8-K filing on SEC EDGAR