Talos Energy shares rose 4.2% to $13.46 after the company agreed to acquire deepwater oil and gas assets in the Gulf of America from Shell Offshore for $850 million. The deal includes a 50% interest in Mississippi Canyon area assets, notably the Coulomb field and the BP-operated Na Kika platform, adding about 23 million barrels of oil equivalent in proved reserves and 10 million in probable reserves. A Talos subsidiary announced an $800 million private offering of second-priority senior secured notes to fund part of the purchase, redeem higher-interest notes due 2029, and cover fees. The stock has gained 19.6% year-to-date but remains 18.9% below its 52-week high of $16.59 from May 2026.
Talos EnergyTalos Energy acquires Gulf of America assets from Shell for $850 million, funded by notes offering, boosting reserves and growth prospects.
BP PLC