LongPath Technologies Wins Society of Petroleum Engineers' Energy Startup Competition
Published by Todd Bush on September 22, 2022
HOUSTON, Sept. 22, 2022 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the execution of definitive agreements to acquire EnVen Energy Corporation ("EnVen"), a private operator in the deepwater U.S. Gulf of Mexico, for $1.1 billion. The strategic transaction expands Talos's Gulf of Mexico operations with high margin, oil-weighted assets, is accretive to Talos shareholders on 2023E Free Cash Flow per Share and is immediately de-leveraging.
>> In Other News: H2 Green Steel Cooperates With Greeniron H2 for Recycling of Iron Residual and Waste
Consideration for the transaction consists of 43.8 million Talos shares and $212.5 million in cash, plus the assumption of EnVen's net debt upon closing, currently estimated at approximately $50.0 million at year-end 2022. Following the transaction, Talos shareholders will own approximately 66% of the pro forma company and EnVen's equity holders will own the remaining 34%. The transaction has been unanimously approved by each company's Board of Directors. Closing is expected by year end 2022, subject to customary closing conditions.
SOURCE LongPath Technologies, Inc.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
QIMC Hits 5,558 ppm Hydrogen in Nova Scotia Discovery
Inside This Issue 🔍 QIMC Hits 5,558 ppm Hydrogen in Nova Scotia Discovery 🏗️ Haffner Energy Launches the C-iC Modular Units Line to Unlock Financing for Mid-Sized Biofuel Projects 🌱 CF Industries,...
-
$77.5B Carbon Pipeline Just Got Federal Backing
Inside This Issue 💰 Congress Preserves Carbon Management Funding in FY26 Bill Heading to Trump's Desk 🧪 HYCO1 Announces Three U.S. Patents Powering the Most Advanced Syngas Production Platform Thr...
-
This Saskatchewan Well Just Made Hydrogen History
Inside This Issue 🛢️ This Saskatchewan Well Just Made Hydrogen History ⚡ Plug Power Completes Installation of 100 MW GenEco Electrolyzer Units at Galp’s Sines Refinery 🧪 SaltX Receives a $1.5 Mill...
Company Announcements
-
Milestone Supports Portfolio-Wide European Partnership Discussions and Accelerates Buyer Engagement FORT LAUDERDALE, Fla., Jan. 27, 2026 (GLOBE NEWSWIRE) -- EdgeMode Inc. (OTC: EDGM), a global...
-
Honeywell Collaborates With SAF One and Tata Projects to Enable Sustainable Aviation Fuel Production
Mumbai : Honeywell (NASDAQ: HON) announced that SAF One Energy Management Limited (SAF One) will use Honeywell UOP Ecofining™ process technology to produce sustainable aviation fuel (SAF). Tata Pr...
-
HNO International Secures Hydrogen Fueling MOU With US Based Drone Manufacturer
HOUSTON, TX / HNO International, Inc. (OTCQB:HNOI), a leader in decentralized hydrogen energy solutions, today announced the signing of an MOU pilot program for hydrogen tank delivery and return sy...
-
CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, and POET, the world’s largest producer of biofuels, have launched a pilot project with majo...