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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.