Talos Energy (ticker: TALO) has entered into and completed a transaction to acquire Whistler Energy II, LLC.

Year to date gross production from Whistler's assets is approximately 1,900 BOEPD, or net production after royalties of approximately 1,500 BOEPD, of which 82% is oil.

The purchase price was $52 million and, as part of this acquisition, Talos negotiated the release of approximately $77 million of cash collateral that had secured Whistler's surety bonds that the company will not need to replace.

As a result, of the total cash col...

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