---
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"
generated_at: "2026-06-06T23:19:48.857483+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Talos acquires QuarterNorth Energy for $1.29B in cash and stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-008137
- JSON: https://secwatch.observer/filing/0001193125-24-008137.json
- Plain text: https://secwatch.observer/filing/0001193125-24-008137.txt

## Key facts
- Debt Financings
  TALOS ENERGY INC. incurred credit facility of $650,000,000.
  - Instrument: credit facility
  - Principal: $650,000,000
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1724965/000119312524008137/0001193125-24-008137-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: merger
  - Counterparty: QuarterNorth Energy Inc., Compass Star Merger Sub Inc. and representatives of the equityholders of QuarterNorth
  - Effective: 2024-01-13
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1724965/000119312524008137/0001193125-24-008137-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.