Talos Energy becomes fifth-largest Gulf of Mexico oil producer after $1.3 billion acquisition

Talos Energy has become the fifth-largest oil producer in the Gulf of Mexico following its $1.3 billion acquisition of QuarterNorth in early 2024. This acquisition has expanded its asset portfolio significantly. The company is currently trading at a free cash flow yield of over 20%. This strong yield indicates a robust financial position for Talos Energy. Carlos Slim, a prominent investor, has been accumulating shares in Talos Energy, signaling confidence in the company's future prospects.