TALO - Why Oil And Gas Company Talos Energy Shares Are Trading Higher Today | Benzinga
Talos Energy Inc (NYSE:TALO) shares are trading higher after it penned an acquisition deal with QuarterNorth Energy Inc. worth $1.29 billion.
The price consideration comprises around $965 million in cash and 24.8 million of Talos’s shares.
The board of directors of both Talos and QuarterNorth have unanimously approved the deal, which is expected to close by the end of Q1 2024, subject to certain customary closing conditions and regulatory approvals.
With the deal, TALO will add expected production of around 30 thousand barrels of oil equivalent per day (MBoe/d) in 2024, averaging ...