Talos closes purchase of GOM assets

摘要

Talos Production LLC, a wholly owned subsidiary of Talos Energy LLC, has completed its acquisition of Energy Resource Technology GOM Inc. (ERT), the oil and gas subsidiary of Helix Energy Solutions Group Inc. (NYSE: HLX), for $620 million. The ERT assets, located in the Gulf of Mexico, averaged 16,155 BOE per day in December and are over 70% oil-weighted. ERT recently announced the Wang exploration well encountered more than 100 feet of high-quality net oil pay in Phoenix Field, in Green Canyon Block 237. Helix will retain an overriding royalty interest in the Wang discovery and certain exploration prospects.