[Editor’s note: This story was updated at 10:20 a.m. CST Dec. 9.]
Talos Energy Inc. commenced a public equity offering on Dec. 8 with proceeds earmarked to “facilitate its general financing strategy,” a company release said.
The Houston-based independent E&P company is offering about 8.3 million shares of its common stock to the public. The offering also includes a roughly 1.2 million-share greenshoe. Gross proceeds from the offering are estimated to top $73.4 million before associated fees and expenses, according to the company release.
In addition to facilitating its general financing strategy, Talos said it expects to use proceeds from the offering to repay a portion of its outstanding borrowings under its reserves-based lending facility and for general corporate purposes.
BMO Capital Markets Corp. is acting as sole underwriter for the offering.
Talos Energy’s operations are currently focused in the U.S. Gulf of Mexico, where it is one of the largest public independent producers. The company also operates offshore Mexico.
Recommended Reading
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Oil, Gas and M&A: Banks ‘Hungry’ to Put Capital to Work
2025-01-29 - U.S. energy bankers see capital, generalist investors and even an appetite for IPOs returning to the upstream space.
Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC
2025-01-21 - The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.
Utica Oil Player Ascent Resources ‘Considering’ an IPO
2025-03-07 - The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
2025-01-28 - In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.