UPDATE 1-Talos Energy to acquire QuarterNorth Energy for $1.29 bln

Oil and gas company Talos Energy said on Monday it will acquire privately held QuarterNorth Energy in a $1.29 billion cash and stock deal to bolster its presence in Mexico. QuarterNorth is a privately held U.S. Gulf of Mexico exploration and production company with ownership in several offshore fields. The Houston-based Talos said that the acquisition will add about 30 thousand barrels of oil equivalent per day (Mboe/d) for the full current year and adds about 69 million barrels of oil equivalent (MMBoe) in proved reserves.