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Apollo, Riverstone Commit $600MM For Startup Talos

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April 5, 2012

Apollo Global Management LLC, New York, (NYSE: APO) and New York-based energy focused private-equity firm Riverstone Holdings LLC have committed $600 million to Houston-based E&P startup Talos Energy LLC.

Talos will focus on oil and gas opportunities in the Gulf Coast and Gulf of Mexico regions, primarily in shallow water.

Tim Duncan is chief executive and president of the company, and Steve Heitzman, John Parker and John Harrison hold other management positions. The executive management team has more than a decade-long track record of working together to build successful private ...

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