Add-on Acquisition • Oil/Gas Exploration

Talos Energy Acquires QuarterNorth Energy

On January 15, 2024, Talos Energy acquired oil/gas exploration company QuarterNorth Energy for 1.3B USD

Acquisition Context
  • This is Talos Energy’s 4th transaction in the Oil/Gas Exploration sector.
  • This is Talos Energy’s largest (disclosed) transaction.
  • This is Talos Energy’s 4th transaction in the United States.
  • This is Talos Energy’s 3rd transaction in Texas.

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M&A Deal Summary

Date January 15, 2024
Target QuarterNorth Energy
Sector Oil/Gas Exploration
Buyer(s) Talos Energy
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Barclays Investment Bank (Financial)
Holland & Knight (Legal)

Target Company

QuarterNorth Energy

Houston, Texas, United States
QuarterNorth Energy is an exploration and production company with ownership in several prolific offshore fields. QuarterNorth Energy is based in Houston, Texas.
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Buyer Overview 1

Buyer

Talos Energy

Houston, Texas, United States

Category Company
Founded 2011
Sector Energy Services and Equipment
Employees700
Revenue 2.0B USD (2024)
DESCRIPTION

Talos Energy is an independent oil & gas company focused on offshore exploration and production. Our expertise is based upon acquiring assets in and around the Gulf Coast and Gulf of Mexico regions with a high emphasis on asset optimization, exploitation, and exploration. Talos Energy was founded in 2011 and is based in Houston, Texas.


Deal Context for Buyer #
Overall 4 of 4
Sector: Oil/Gas Exploration 4 of 4
Type: Add-on Acquisition 3 of 3
State: Texas 3 of 3
Country: United States 4 of 4
Year: 2024 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 EnVen Energy

Houston, Texas, United States

EnVen Energy engages in exploration, development, extraction and production of oil and gas and related hydrocarbons in the Gulf of Mexico. EnVen Energy is based in Houston, Texas.

Buy $1.1B