Talos Energy said on Jan. 11 company expects to close the transaction soon after a Feb. 8 special shareholders’ meeting. (Source: Hart Energy)
Talos Energy Inc. is edging closer to wrapping up its $1.1 billion acquisition of private operator EnVen Energy.
Talos has set a Feb. 8 special meeting for its stockholders to vote on the deal and other matters, according to a prospectus filed Jan. 11 with the Securities and Exchange Commission.
Shareholders are being asked to approve the EnVen merger, which the company said in September would increase its Gulf of Mexico production by 40%.
Talos said in a Jan. 11 press release that the company expects to close the transaction soon after the meeting.
Adding EnVen would double Talos’ operated deepwater facility footprint, expanding key infrastructure in existing Talos operating areas, the company has said. More than 80% of the combined assets will be deepwater, with Talos operating more than 75% of the acreage it holds interests in.
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