Talos Energy Announces Acquisition of Assets from Castex Energy 2005
Vinson & Elkins advised an affiliate of Talos Energy Inc. in connection with its acquisition of 16 selected assets from affiliates of Castex Energy 2005 for a purchase price of $65 million, to be paid through the issuance of approximately 4.95 million Talos Energy common shares at closing and $6.5 million of cash. The effective date of the transaction is April 1, 2020, with closing expected to occur in the third quarter of 2020 and is subject to customary closing purchase price adjustments.
Talos Energy is a technically driven independent exploration and production company focused on safely and efficiently maximizing cash flows and long-term value through its operations, currently in the United States Gulf of Mexico and offshore Mexico.
The V&E corporate team was led by partners John Grand and Lande Spottswood with counsel Tan Lu and associates Erin Mitchell and Helen Xiang. Also advising were partners Ramey Layne, Jason McIntosh, David Peck, Larry Nettles, Matthew Dobbins, Brian Moss and Guy Gribov.
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