Akin Advises Talos Energy in its $1.29 Billion Agreement to Acquire QuarterNorth Energy

(Houston) – Akin advised Talos Energy Inc., a leading energy company focused on offshore oil and gas exploration and production as well as the development of future carbon capture and storage opportunities in the United States Gulf Coast, Gulf of Mexico and offshore Mexico, on a definitive agreement to acquire QuarterNorth Energy Inc. in a transaction valued at approximately $1.29 billion, including approximately $965 million in cash and 24.8 million shares of Talos’ common stock.

QuarterNorth is a privately held exploration and production company in the U.S. Gulf of Mexico, with ownership in several prolific offshore fields. The acquisition is subject to customary conditions to closing and is expected to close by the end of the first quarter of 2024.

The Akin team was led by corporate partner John Goodgame, U.S. oil & gas practice leader Stephen Boone and counsel Dasha Hodge; and included tax partners Alison Chen and Julia Pashin; financial restructuring partner Sarah Schultz; environment & natural resources practice head David Quigley; senior counsel Andrew Oelz; counsel Leana Garipova, Aaron Vera and Aaron Farovitch and associates Mary Day Royston, Madeline Sullivan and Andrea Cabada.

More details on the transaction can be found here.

Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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