{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-008137","form_type":"8-K","ticker":"TALO","cik":"0001724965","company_name":"TALOS ENERGY INC.","filed_at":"2024-01-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.261930+00:00","generated_at":"2026-06-06T23:19:48.857483+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Talos acquires QuarterNorth Energy for $1.29B in cash and stock","bullets":["Consideration: ~$965M cash + 24.8M Talos shares; total enterprise value ~$1.29B.","Adds ~30 MBoe/d production (75% oil) and 69 MMBoe proved reserves (PV-10 $1.7B).","Expected close by end of Q1 2024; unanimous board approval from both companies.","QuarterNorth's Gulf of Mexico deepwater assets have low decline, low ARO, high free cash flow.","Talos secured a $650M bridge credit facility; borrowing base reaffirmed at $1.075B."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-008137","json":"https://secwatch.observer/filing/0001193125-24-008137.json","markdown":"https://secwatch.observer/filing/0001193125-24-008137.md","text":"https://secwatch.observer/filing/0001193125-24-008137.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1724965/000119312524008137/0001193125-24-008137-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1724965/000119312524008137/d47198d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T23:19:48.857483+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9408ffc10e07852f616b779bb00f933e8d39b494","claim":"TALOS ENERGY INC. incurred credit facility of $650,000,000.","evidence_excerpt":"we have received a $650,000,000 commitment for a bridge credit facility from a syndicate of lenders, including some of the lenders under our Bank Credit Facility, to be used to fund the cash portion of the consideration for the Merger.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1724965/000119312524008137/0001193125-24-008137-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$650,000,000"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"127e4b4aeee7a055240ef27b5bcb7bb169ffee4d","claim":"TALOS ENERGY INC. entered into Agreement and Plan of Merger with QuarterNorth Energy Inc., Compass Star Merger Sub Inc. and representatives of the equityholders of QuarterNorth (effective 2024-01-13).","evidence_excerpt":"On January 13, 2024, Talos Energy Inc., a Delaware corporation (“Talos”), QuarterNorth Energy Inc., a Delaware corporation (“QuarterNorth”), Compass Star Merger Sub Inc., a Delaware corporation and an indirect wholly-owned subsidiary of Talos (“Merger Sub”) and representatives of the equityholders of QuarterNorth, entered into an Agreement and Plan of Merger (the “Merger Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1724965/000119312524008137/0001193125-24-008137-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"QuarterNorth Energy Inc., Compass Star Merger Sub Inc. and representatives of the equityholders of QuarterNorth"},{"label":"Effective","value":"2024-01-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}