Helix Energy (HLX -4.2%) agrees to sell its oil and gas subsidiary to privately-held Talos...

|About: Helix Energy Solutions Grou... (HLX)|By:, SA News Editor

Helix Energy (HLX -4.2%) agrees to sell its oil and gas subsidiary to privately-held Talos Energy for $610M plus contingent consideration of overriding royalty interests on HLX's Wang exploration well and other exploration prospects. The purchase price will be adjusted at closing, depending upon the Wang results.