You must click the link in the email to activate your subscription. These risks include, but are not limited to, commodity price volatility, inflation, lack of availability of drilling and production equipment and services, environmental risks, failure to find, acquire or gain access to other discoveries and prospects or to successfully develop and produce from our current discoveries and prospects, geologic risk, drilling and other operating risks, well control risk, regulatory changes, the uncertainty inherent in estimating reserves and in projecting future rates of production, cash flow and access to capital, the timing of development expenditures, risks related to our acquisition and integration of the acquired Assets, including the possibility that the proposed acquisitions do not close when expected or at all because any conditions to the closing are not satisfied on a timely basis or at all, uncertainties as to the timing of the acquisitions and the possibility that the anticipated benefits of the acquisitions are not realized when expected or at all, as well as other factors that may affect our future results and business, generally, including those discussed under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2018, filed with the U.S. Securities and Exchange Commission on March 13, 2019.Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. Effective December 10, 2019, the borrowing base under the Company's revolving credit facility increased from $850 million to $950 million as part of the regular fall redetermination process, and will be further increased to a total size of $1,150 million simultaneous with the closing of the ILX Acquisitions and Castex Acquisitions. You can sign up for additional subscriptions at any time.Talos Energy Announces Transformative Acquisition Of Gulf Of Mexico Portfolio Through Multiple TransactionsReconciliation of Net Income (loss) to Adj.
EBITDA and Adj. We are executing the transaction at an attractive valuation that is accretive to our shareholders and with a funding structure that preserves our strong balance sheet and liquidity. Glimpses We combine our technical experience in geology, geophysics and engineering with innovative resource evaluation techniques and seismic imaging expertise to discover new resources.
Talos Energy has executed a definitive agreement to acquire selected U.S. Gulf of Mexico assets from an affiliate of Castex Energy. Talos is a leader in offshore energy exploration and production.
Talos Energy is a leading offshore energy company focused on oil and gas exploration and production in the United States Gulf of Mexico and offshore Mexico.To receive notifications via email, enter your email address and select at least one subscription below. Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that the Company has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets, exploration prospects and acreage from affiliates of ILX Holdings, Castex Energy and Venari Resources for $640 million as of the effective date. You must click the link in the email to activate your subscription.
The ILX Acquisitions and Castex Acquisitions were unanimously approved by a sub-set of the Company's Board of Directors comprised of representatives unaffiliated with Riverstone Holdings LLC and the Acquired Assets. You must click the link in the email to activate your subscription.
EBITDAReconciliation of Pro Forma Net Debt / Pro Forma 3Q 2019 Annualized Adj. are serving as financial and legal advisors to Riverstone Holdings LLC, respectively.Talos has posted additional materials, including a slide presentation, related to the transaction on its website at Talos will host a conference call, which will also be broadcast live over the internet, on December 11, 2019 at 7:00 AM CST. HOUSTON - Talos Energy has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets, … Talos does not believe that practical equivalent GAAP metrics exists for these measures and therefore no reconciliations have been provided.To receive notifications via email, enter your email address and select at least one subscription below. Simultaneous with the execution of definitive documentation, affiliates of Apollo Global Management and Riverstone Holdings LLC, which collectively control approximately 63% of the Company's outstanding common stock, provided their stockholder approvals. EBITDA Specifically, Talos has signed definitive agreements to acquire all producing assets, primary term acreage and prospects of ILX Holdings, all producing assets and certain primary term acreage and prospects of ILX Holdings II, all primary term acreage and prospects of ILX Holdings III ("ILX Acquisitions") and certain subsidiaries of the Castex 2014 and Castex 2016 entities ("Castex Acquisitions"). Combination with Stone Energy Corporation On May 10, 2018, Talos Energy LLC and Stone Energy Corporation ("Stone") completed a strategic transaction pursuant to which both became wholly-owned subsidiaries of the Company … What makes this transaction unique is the combination of high-margin production and a deep portfolio of prospects. All forward-looking statements, expressed or implied, are expressly qualified in their entirety by this cautionary statement. These estimates are subject to greater uncertainties, and accordingly, are subject to a substantially greater risk of actually being realized.
TALOS ENERGY INC. - LIST OF SUBSIDIARIES Company Name Jurisdiction of Incorporation Talos Production LLC Delaware Talos Production Finance Inc. Delaware Talos Energy Offshore LLC Delaware Talos …
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talos energy subsidiaries