Talos Energy Aiming High After Recent Developments

Talos Energy is an independent oil and gas company that is enlisted as a publicly traded company. The company has been on a consistent growth trend since it acquired Stone Energy Corporation. In this deal, the company managed to become a publicly traded company without fronting an initial public offering. Stone Energy was already listed, and therefore Talos was automatically added. Talos engages in exploration and production operations in the United States Gulf of Mexico and some parts of the gulf on the Mexican side. Talos Energy enjoys great leadership from CEO Tim Duncan who has been the industry for about three decades. The company is making progress in the fields of exploration, acquisition, and development of assets in the Gulf of Mexico where it is engaging in shallow and deep water mining activities. The recent additions are the shallow-water fields on the Mexican side of the gulf.

Talos Energy recently announced that it had made a breakthrough with its Zama-one oil field. This field was acquired from the government of Mexico after it allowed private companies to engage in the exploration and production of oil and natural gas in its part of the Gulf of Mexico. For years, Mexico has only allowed nationalized companies to engage in mining operations in the gov. However, due to the ineffectiveness of these companies, the government was forced to make changes to the law to allow private companies to join this business. Among the companies that were first to approach the government for a deal, was Talos. The acquired Zama-one oil field has now positioned this company in such a way that it will manage to compete with the largest oil companies in the United States.

Talos Energy is exploiting every opportunity that could offer them a chance to expand their operations. They have already announced their intentions to acquire Whistler Energy II Company. They have also announced that they have received rights from the National Hydrocarbons Commission of Mexico to engage in further discoveries. Already it is estimated that oil deposits the company has discovered at the Zama-one field will be producing around 100,000 barrels per day.

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