Talos, Stone Energy complete merger
Talos Energy Inc. has reported the completion of the strategic combination between Talos Energy LLC and Stone Energy Corp.
The combined company began trading today on the New York Stock Exchange under the new ticker symbol “TALO.” The company will be headquartered in Houston.
CEO Timothy S. Duncan said: “This is a transformational combination, in which shareholders will greatly benefit from our increased scale and liquidity. Talos is very well positioned to capitalize on its high-quality asset portfolio and returns focused capital programs in the US Gulf of Mexico andoffshore Mexico, as well as take advantage of potential business development opportunities. We deeply appreciate the efforts of everyone involved in getting us to this point.”