Talos Energy Forms A Beneficial Merger With Stone Energy

Talos Energy is an independent oil and gas company, led by a management team with a lot of experience in the offshore exploration as well as production. The company specializes in the acquisition of operated shelf as well as developed deep water assets located in the Gulf of Mexico. Talos company also explores, exploits and optimizes such assets utilizing innovative techniques as well as cutting-edge seismic technologies. The Talos Energy team is cohesive and has been working together for decades, and thus they have a cemented track record of positive outcomes.

Talos company strives to focus on innovation in the production and exploration to recover valuable resources that had been previously thought to be unreachable. The company’s strategy is to exploit, acquire and also explore the entire Gulf Coast region and The Gulf of Mexico by ensuring adequate use of the sizable seismic database. The seismic database is helped by proprietary reprocessing techniques as well as the intense geophysical, geological and the operating experience of Talos Energy over the years.

Talos is based in Houston moved its headquarters from one of the office towers located in Allen Center to another office tower. The core-founders of Talos Energy started and operated successful exploration as well as production out of the former office towers in Allen Center for more than two decades. Talos Energy had finally secured a new space that has ample room for growth. The move was an expansion for the company.

Talos company maintained its headquarters in Houston while the Stone’s offices in New Orleans as well as Lafayette remained open. The Chief Executive Officer of Talos Energy, Tim Duncan confirmed that some of the layoffs were most probably going to take place after the merger. Talos had been founded with the primary aim to focus on the Gulf with the financial back up of the most significant private equity firms Riverstone Holdings as well as Apollo Global Management. The goal was to take Talos public via an IPO in 2014 or 2015. However, these plans were sunk by the subsequent oil bust.

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