Talos Energy is a company that was founded in 2012 by Timothy Duncan with an equity raise of $600 million from River stone Holdings and Apollo Global Management. The company majors in the assessment, development, and manufacture of oil and gas. The company has its headquarters in Houston, Texas but also operate in Mexico and the Gulf Coast but have sold some of the companies which brought remarkable returns after the sale. The U.S petroleum market has experienced difficulties with the flooding of crude oil which has affected the pricing of the same. With time though, the market has experienced problems with the bankruptcy of some of the oil drilling companies.
Again, the market has become affected adversely as there has developed unexpected eventualities in the market. Either way, with the intervention of Talos Energy, the hassle of oil is likely to end as it is an independent company that has vast experience in offshore oil exploration and production. In that case, with its constant production of oil, the prices will stabilize with time-solving any anxiety in the oil market especially among the primary users of the commodity.
Talos Energy incorporates the use of technology in their extraction of oil and gas and hires professionals and experienced individuals for the job especially in geophysical technology and innovative drilling methods. By so doing, the company gets to exploit the identified areas for drilling thoroughly without wasting resources as they are productive as initially expected. The realization that a lot of industries rely solely on oil for production makes Talos Energy stand out as it works towards meeting the demand in the market. The company as well liaises with other institutions with a similar goal like Premier Oil and Sierra Oil & Gas to have sustainable and reliable production.
The company also develops good relationships with the local communities where they carry out their activities. As appreciation for their peaceful stay among these communities, they take time to give back by contributing to charity and establishing not for profit organizations. Their employees as well enjoy a conducive working environment considering that their work is involving and risky and requires proper measures to be taken.
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