Talos Energy to Buy Whistler Energy in $52 Million Deal
Talos Energy Inc. has acquired privately-owned Whistler Energy II, LLC in a $52 million deal, the company announced September 4.
Whistler’s assets have a year-to-date gross production of 1,900 barrels of oil equivalent per day. The acquired assets include a 100 percent working interest in three Central Gulf of Mexico blocks – Green Canyon 18, Green Canyon 60 and Ewing Bank 988 (collectively referred to as Green Canyon 18 Field) – as well as a fixed production platform located on Green Canyon Block 18 in 750 feet of water.
“We are excited about this bolt-on transaction, as it represents exactly what we look for when buying producing assets in our core areas: low entry costs, production facilities with unused capacity and new seismic in a known hydrocarbon prolific area,” Talos CEO Timothy S. Duncan said in a company statement. “We will immediately engage in a detailed field study that we expect will lead to identifying additional drilling locations on the producing asset to complement our broader portfolio in the area, providing us with optionality on how we allocate capital.”
Talos Energy Inc., which has operations in the U.S. Gulf of Mexico and shallow waters off the coast of Mexico, is the result of a $2.5 billion merger of Talos Energy LLC and Stone Energy Corp.
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