In early February 2020, Talos Energy Offshore acquired 40% WI from Venari Offshore in ten Walker Ridge blocks: WR 11 (G36079), WR 55 (G36080), WR 56 (G34624), WR 189 (G36083), WR 144 (G36081) and WR 145 (G36082), WR 98 (G35722), WR 99 (G35723), WR 100 (G35073) and WR 143 (G35725), all situated in the East Texas Coastal Basin. The transaction is effective as of 27 November 2019. WR 98 encompasses the Coronado Field, which Chevron discovered in 2013. Industry sources have suggested that Chevron was never very optimistic by what it saw at Coronado and proceeded to sell its stake in the field to Anadarko, who subsequently sold its interest to Equinor (then known as Statoil) in December 2017. The Coronado discovery well in WR 98, G21841 1 ST1, encountered 122m (400 feet) of net pay at a TVD of 9,713m (31,866 feet). Following completion of the transaction, equity in WR 11, WR 55, WR 56, WR 98, WR 99, WR 100, WR 143, WR 189, WR 144 and WR 145 is now shared between Equinor Gulf of Mexico (60% WI + Op) and Talos Energy Offshore (40%).
Talos Egy acquired 100% WI from Venari in six Walker Ridge blocks: WR 188 (G35078), WR 278 (G35083), WR 279 (G35084), WR 327 (G35086), WR 328 (G35087) and WR 371 (G35088).