Talos Energy LLC to Combine with Stone Energy Corporation
Vinson & Elkins advised Talos Energy LLC in its combination with Stone Energy Corporation in an all-stock transaction that will create a premier offshore-focused exploration and production company. The company will be named Talos Energy, Inc. Based on Stone’s stock price of $35.49 on November 20, 2017 and the terms of the proposed transaction, Talos Energy, Inc. will have an initial equity market capitalization of approximately $1.9 billion and an enterprise value of approximately $2.5 billion.
The V&E corporate team was led by partners Steve Gill, Lande Spottswood and Dan Komarek with associates Bobak Fatemizadeh, Connor Long, Jeff Shah and Julia Tong. Partners David Peck, Wendy Salinas, Stephen Jacobson and Jason McIntosh, counsel Katherine Mull and associates Curt Wimberly and Gina Hancock advised on tax and executive compensation/benefits issues. Also advising were counsel Damien Lyster; partner Boyd Carano and senior associate Alan Alexander; senior associate Brandon Tuck; partner Brian Moss and senior associate Guy Gribov; and partner Neil Imus.
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