Apollo, Riverstone Invest $600M In Gulf Oil Exploration Co.

Law360, New York (April 5, 2012, 5:46 PM EDT) -- Apollo Global Management LLC-affiliated funds and Riverstone Holdings LLC partnered Wednesday to back oil and gas startup Talos Energy LLC with up to $600 million of equity to explore new opportunities in the Gulf Coast and Gulf of Mexico regions.

The new company is headquartered in Houston and is managed by a team that has already built one oil and gas exploration, acquisition and exploitation outfit for Riverstone, Apollo said in a statement.

Talos will focus on oil and gas acquisition along the Gulf Coast and...
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