Talos Energy and Ridgewood Energy Corporation acquire Shell's deepwater assets in the Gulf of America for $1.7 billion
Type: Acquisition · Technology: Oil Gas · Country: United States · Value: $1.7B · Announced: 2026-07-01
Talos Energy and an affiliate of Ridgewood Energy Corporation have agreed to acquire Shell's interests in the Na Kika platform and the Coulomb field in the Gulf of America for $1.7 billion. Talos will acquire a 50% working interest and operatorship in the Shell-owned Coulomb field and a 25% non-operated working interest in the BP-operated Na Kika platform and its associated Kepler, Ariel, Fourier and Herschel fields. The acquisition is expected to add approximately 23 million barrels of oil equivalent of proved reserves and 10 million barrels of probable reserves, net to Talos. Production attributable to the acquired interests averaged approximately 16,000 barrels of oil equivalent per day in the first quarter of 2026, with around 77% being oil. The transaction, which has an effective date of July 1, 2025, is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions.
Counterparties
- Talos Energy (Buyer)
- Shell (Seller)
- Ridgewood Energy Corporation (Buyer)