Skip to content

Talos Energy Announces Transaction With Pan American Energy to Cross-Assign Certain Offshore Mexico Interests

Vinson & Elkins advised Talos Energy Inc in a transaction with Hokchi Energy, S.A. de C.V., a subsidiary of Pan American Energy LLC, to cross assign Talos’ Participating Interest (“PI”) in Block 2 and Hokchi’s PI in Block 31, both in the Sureste Basin offshore Mexico. 

Under the agreed conditions for the swap, Talos will assign a 25% PI in Block 2 to Hokchi in exchange for a 25% PI in Block 31, which is immediately to the south of Block 2. Once the transaction is completed, Hokchi will be the operator of both blocks and Talos will own a 25% PI on Block 2 and a 25% PI on Block 31.

Talos is a technically driven independent exploration and production company with operations in the United States Gulf of Mexico and in the shallow waters off the coast of Mexico.

The V&E team was led by partner Boyd Carano with Erin Mitchell and Bassam Chain. Partner Jason McIntosh and associate Curt Wimberly provided tax advice. 

For more information, please speak with our media contacts.