Talos Energy, an independent oil and gas company primarily involved in offshore exploration and production, completed the acquisition of EnVen Energy, an operator of an energy exploration company, for $1.1bn. "The acquisition is financially attractive, expanding our operating margins and increasing Free Cash Flow per Share while immediately improving our credit profile before accounting for significant expected cost synergies. The enhanced cash flow profile will provide us with increased capital allocation optionality, including additional high-impact subsea tie-back opportunities, opportunistic acquisitions, accelerating our low-carbon initiatives and positioning Talos for a potential shareholder return of capital program in the future," Timothy S. Duncan, Talos President and CEO.