Talos, headquartered in Houston, Texas, will focus on oil and gas acquisition opportunities along the in shallow waters in the Gulf Coast and Gulf of Mexico.
Talos chief executive Tim Duncan said "We believe with the right professionals and technical approach, the Gulf Coast and Gulf of Mexico continues to be a rewarding basin to acquire assets and use innovative techniques to develop another round of investment opportunities."
Talos management team has worked with Riverstone earlier to build successful private equity-backed companies including Gryphon Exploration Company and, more recently, Phoenix Exploration Company, a Riverstone portfolio company.
