Talos Energy Completes Acquisition of Energy Resources Technology

Talos Energy LLC is an oil and gas private organization that majors with the exploration and exploitation of oil and gas properties focused on the Gulf Coast and the Gulf of Mexico. Talos Energy is focused on investment funds affiliated with Riverstone Holdings LLC, LLC (NYSE: APO), Apollo Global Management, and Talos Management.

Tim Duncan and his partners at a private oil and gas firm were forced by tanking commodity prices to send money back to the bank. The Phoenix Exploration sold the organization to the Apache Corp by 2011. That was after doubling the size of the firm. From former bankers, assets from the Gulf of Mexico and a team of more than 60 professionals, Duncan, and his partners founded the Talos Energy with $600. Along with the field Operators, the Gulf Coast brings the headcount of the company to be 120 employees. That is up from 15 last year after they struck a deal with private equity giants Apollo Management and Riverstone Holdings. Helix Energy Solution Group is an international offshore energy organization based in Houston Texas. The firm focuses on providing a solution in development and other services to the energy market not forgetting its oil and gas business units.

About Apollo Global Management

Apollo is a front line global investment manager with offices located in Los Angeles. It also has offices in London, New York, Mumbai, Singapore, Luxembourg, Frankfurt, Houston, and Hong Kong. As of September 2012, Apollo had under management assets of approximately $110 billion in private equity, credit, and real estate funds.

About Riverstone Holdings LLC

Riverstone Holdings is a private organization majoring in power and energy. It was founded in 2000. The firm started with over $24 billion capital raised across seven investment funds and co-investments. The organization conducts buyout and growth capital investments, oilfield services, exploration and production, power and renewable sector of the energy industry. It has offices in New York, Houston and London, which has aided the firm to commit approximately