Talos Energy is one of the most successful gas and oil exploration companies in the world. Its success can be attributed to the teamwork exhibited by the management. The firm uses modern technology in adding value to the assets that they acquire from areas such as the Gulf of Mexico. The company was established in 2012. The establishment was after the sale of two other companies. In May 2018, the company went public. Over the years, the management has employed various strategies meant to boost the growth of the firm.
Recently, it merged with Stone Energy. Tim Duncan heads Talos Energy as the Chief Executive Officer. He is also one of its pioneers. He expressed his excitement over the merger. He revealed that the firm would utilize the infrastructure that Stone Energy Corporation had set up. According to him, there is a need for the firm to take advantage of modern infrastructure as a way of enjoying the economies of scale. In his speech, Tim Duncan disclosed that the company was still committed to providing quality services to the clients. According to him, the firm has been performing well due to the sound financial management tools that the management uses. Talos Energy aims at increasing the production in all its fields.
It focuses on hydrocarbon recovery methods. The management of the firm has put in place mechanisms to ensure that the production processes do not lead to the deterioration of the environment. The shareholders are expected to benefit from the merger as their returns will also increase. The merger is estimated to have cost about $2.5 billion. The combined production per day is expected to be about 47,000 gallons. Tim Duncan played a key role in the success of the deal. It took about four months to finalize the merger. According to statistics, several companies specializing in gas and oil did not perform well due to the fall in prices that occurred in 2015. Over the years, the price has now reached more than $60 for one gallon. According to a report, the annual production of oil IN 2017 was adequate to serve the whole country. Learn More.