Press Release
January 16, 2024

Holland & Knight Represents QuarterNorth Energy in Sale to Talos Energy

HOUSTON (January 16, 2024) – Holland & Knight advised QuarterNorth Energy Inc. (QNE) in its $1.29 billion acquisition by Talos Energy Inc. (NYSE: TALO). Consideration for the transaction consists of $965 million in cash paid by Talos and 24.8 million shares of Talos common stock. Additionally, QNE stockholders will receive QNE’s net cash as of December 31, 2023.

The transaction, announced Jan. 15, is expected to close by the end of the first quarter of 2024, subject to certain customary closing conditions and regulatory approvals. More information about the transaction can be found here.

Houston-based QNE is a privately held offshore Gulf of Mexico exploration and production operator with working interests in several prolific deepwater U.S. Gulf of Mexico assets.

Holland & Knight Partner Tim Samson and Associates Cameron Haltom and Kelsie Knight led the firm’s representation of QNE in the transaction. They were assisted by Partners Paul Monsour, Roger Aksamit, Jim Noe, Neely Munnerlyn, Tony Campiti, Ashley Phillips and John Dierking, and Associates Caroline Spiers and Eric Alborn.

Holland & Knight regularly ranks among the leading M&A and private equity law firms in reputable, benchmarking league tables published by Bloomberg, LSEG (formerly Refinitiv), Mergermarket, PitchBook and The Deal. Through the HK Deal Flow® program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.

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