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Talos Energy to acquire Stone Energy, become public co.

Jen Para
American City Business Journals

Houston-based Talos Energy LLC will acquire Lafayette, Louisiana-based Stone Energy Corp. (SGY) through a $1.9 billion merger, according to a press release . “This combination represents an important step in our goal of becoming the premier offshore exploration and production company,” Timothy S. Duncan, Talos' CEO, said in a statement. Talos Energy Inc. will have 1.2 million combined gross acres in the Gulf of Mexico, a 2017 average daily production of approximately 47 thousand barrels of oil equivalent and proved reserves of 136 million barrels of oil equivalent, as of June 30, per the release.