Talos Energy, the Incredible Energy Explorer

Talos Energy is an independent energy company founded in the year 2012 by Mr. Timothy Duncan who is now the Chief Executive Officer of the company. The company has its headquarters in Houston, Texas. It is a company which deals with innovative offshore oil and gas exploration and production. Mainly it undertakes its activities in the deep waters of the Gulf of Mexico and the Shallow Waters of Coastal Mexico. The company has been ranked as the top workplace in Houston from the year 2013 to the year 2017. Talos Energy is well known for exploring the Zama Oil which had uncovered large barrels of crude oil ranging from 1.4 billion to 2 billion barrels of oil. This has awarded the Company a good name hence a good reputation.

Talos Energy is not the only Company operating at the Gulf of Mexico, there a number of companies which operate in this vibrant area too. Therefore, it is crystal clear that there is a stiff competition amongst these companies. How will Talos energy make its way to be the most outstanding company of all?

Talos Energy will have to work an extra mile and ensure that it provides quality products and services to its clients for it to maintain its position of being the best energy company in the country. Therefore, it decided to merge with another energy company known as Stone Energy. Talos did not just jump into the merge, but it was first advised several times by concrete financial advisories.

After the frequent consultations and several meetings between the two companies, there resulted the formulation of an incredible company called the Talos Energy Inc. In this merger, Talos holds most of the shares, 63 percent and Stone holding 37 percent. This corporate is now the leading company in offshore exploration and production in the Gulf of Mexico. The company has a concrete board of managers, committees, and directors who ensure that the company runs smoothly and there is maximum profit generation.

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Talos Energy Is Re-Writing The Script For New Oil Exploration Companies

Tim Duncan has had an amazing couple of years. He survived the floods of hurricane Harvey, leveraged the biggest merger deal of his life and made history by being the first American CEO to drill for oil in Mexican territorial waters in more than 80 years.

Duncan is the founder of Talos Energy, a deepwater wildcatter gas and oil exploration company determined to take the road less traveled. When he wanted to get his budding company up and listed on the New York Stock Exchange, he did by engineering a $2.5 billion merger deal with a publically traded but bankrupt company — Big Stone Energy.

Tim duncan made it happen. And now Talos can be found as TALO on the NYSE. Tim Duncan also recently inked a deal to acquire Whistler Energy II, a company with assets that include production of 1,900 barrels of oil per day. Purchase price: $52 million. But the deal also included the availability of $77 million cash collateral. This amount secured Whistler’s security bonds — better yet, this cash does not need to be replaced. It all bolsters the position of Talos Energy.

In 2017 Talos sunk a well in the Gulf of Mexico in cooperation with Pemex. Two other partners joined the venture, Premier Oil of the United Kingdom and Sierra Gas 7 Oil, a Latin American company.

The well produced exciting results. Dubbed the ZAMA-1, experts say the find off the coast of Tabasco may hold from 1.4 billion to 2 billion barrels of oil equivalent. When all is said and done, experts predict ZAMA-1 may yield 425 million barrels of oil.

For a startup wildcatter outfit that opened its doors in 2012, the events described above read like something out of a thriller novel. But this is reality. It all makes Talos energy an entity to watch in coming years.

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