Talos Energy Is Dependable In Oil Production

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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Talos Energy Weathered The Storm

Hurricane Harvey may have devastated the neighborhood of Talas Energy’s CEO Tim Duncan, but it didn’t keep him from completing the biggest business deal of his life. The electricity in the town of Kingwood, Texas was already off due to the flooding and several more feet of water was expected. The Talos Energy Chief Executive Officer took action and helped his family including his wife, child, and their two pet dogs into the rescue boat belonging to FEMA.

He and his family were devastated, but he knew that there was no way that he could give up. He had been working on a merger between his company, Talos Energy, and Stone Energy Company for the last 4 months. He knew that it was a risky move, but the $2.5 billion merger would allow Talos Energy a public entity without them having to make a public offering.

He knew that he couldn’t allow a flood to prevent the future success of Talos Energy. Duncan flew his family to Alabama to escape the disaster before spending time in Texas at the home of his parents. While in Houston, he worked well into the night and negotiated the remainder of the deal between Talos Energy and Stone from the dining room in his parents’ house. The flood didn’t deter him from his aspirations of success.

The merger was completed between Stone and Talos Energy in May of that year. The stock listing for Stone was taken over by Talos Energy and Duncan will head a company worth over $900 million in revenue year. The assets of Talos Energy are almost entirely located in the Gulf of Mexico. Their assets are currently valued at approximately $2.3 billion and the debt of $700 million is considered relatively low risk for Talos Energy.

Tim Duncan was raised in Florida, Texas, and Egypt and grew up in oil business. He has shown himself to be able to fight through less than ideal conditions for the success of Talos Energy and his family. He has been in the oil industry himself since 1996 and has shown a knack for finding new reserves.

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