Talos Energy Makes History In Oil Drilling

The future of Mexico’s energy industry is up in the air but with companies like Talos Energy working to ensure that production is increased and the new reforms are a success, their future is starting to look good. The energy reform efforts of Mexico began in 2012 when many of the assets of the country were made private. With these reforms, they are hoping that the industry will become more efficient and this will allow them to increase  productions levels of oil and equivalent.

While there are proponents of nationalization who believe that these reforms will cause even further issues related to monopolies in the industry, Talos Energy and Mexico believe that they will be able to operate in the middle. This will lead to all parties involved achieving success without the negative results that some are expecting. The solution that the companies involved in privatization are using hopes to not harm the social welfare of the areas involved while boosting production for Mexico.

Mexico is not the first country to make similar reforms and this gives them a large knowledge base to work off of before making important decisions. It’s almost inevitable that their efforts will allow them to achieve their goals. Hundred of millions of barrels have already been added to the reserves of the nation since these new reforms were implemented. While the numbers might not seem that large when compared to the overall numbers for production, things are just getting started and new trails are being blazed all of the time with companies like Talos Energy. Earlier in 2018, they became the first private company to drill a well in the country.

The Founder and President of Talos Energy is excited to be one of the pioneers in oil after these important developments in Mexico. Tim Duncan has been raised in the medium oil industry for all of his life and successfully followed in his family’s tradition. His first position after earning his petroleum engineering degree was with Gryphon Exploration with their reservoir Engineering department. As the manager for the department, he aided with engineering and evaluations.

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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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Talos Energy Finds Billions Of Barrels Of Crude Off Gulf Coast

Talos Energy is a Houston-based independent oil company was founded in 2012 by millionaire Timothy Duncan. The company focuses on the development and exploration of oil in the Gulf Coast.

Talos Energy’s management team has many decades of experience in offshore exploration and production. Talos has production sites off the coast of Texas, Alabama, Louisiana, and Mississippi. The sites range from shelf to ultra deep water operations over 3,000 feet.

The goals of Talos Energy:

• Acquire assets with little value that can benefit from modern geophysical data

• Utilize technical teams to value assets

• Rely upon geological trends, seismic data, and previous success to garner more information

Deep oil drilling has changed greatly over the last 70 years. More advanced drilling techniques and technical expertise have resulted in more successes around the globe.

Talos Energy is committed to the safety, health, and welfare of all of its employees. The Health, Safety, and Environmental program was designed to ensure that oil exploration and production is proficient.

The company has always given back to the community. Each employee is given $500 to donate to the company of their choice. Talos Energy is proud to have charitable associations with the following companies the American Cancer Society, Houston Children’s Charity, Hurricane Harvey Relief Fund, and the Gulf Coast Regional Fund Center.

The company recently sponsored the Moore, Morgan & Greer gold tournament. The successful outing help raise more than $28,000 for the American Cancer Society.

In 2017, Talos Energy acquired the rights for exploratory drilling in Zama – 1 field off the Gulf Coast. Along with partners Premier Oil and Sierra Oil and Gas, the field yielded upwards of 2 billion barrels of crude oil. It is believed that the area could net over 400 billion barrels when it completely forms.

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Stream Energy’s Philanthropic Works to its Community

Stream Energy is a successful business that deals with the direct sale of energy, protective, wireless and home services. The company was started in 2005 where it generates revenue of more than $ 8 billion in more than ten states. Stream Energy is among the top 10 companies in its sector to have global wireless plans that include digital voices services and virtual MD. The business has further grown to offer their clients the connections at home, road, and at work using their exclusive business model besides using other stream associates. What’ more, the company has also established a separate department that focuses on giving back to the community, which is known as Stream Cares.

About Stream Care Foundation and its Benefits

The Stream Care Foundation operates as a sub-division department of the Stream Energy Company where it supports charity works in the local community. It is a non-profit organization that is in the business of helping the needy children and has so far given $ 15,000 to charity bodies such as the American Red Cross. Furthermore, the Stream Care Foundation was again involved in helping many of the people during the Hurricane Harvey disaster that left so many homeless in Dallas. It did this in conjunction with the Hope Supply Company when the Hurricane hit Houston causing massive damage to the lives of people as they lost their homes and pets, while others losing their lives.

Moreover, the Dallas based firm spent a large sum of its finances in off-loading the burden of most of the residents including their clients. Stream Energy holds its corporate philosophy as one essential part of its business that has been running for more than ten years in which they formalized the department when they launched the Stream Care Foundation. Equally important, with the launching of the company’s charity department has been beneficial not only to the community around but also to the company itself as it will lead to more loyalty of the brand. Additionally, Stream Energy uses its business model to offer corporate and residential services through its associates whose role is to develop good relations with clients, hence its many loyal customers.

Talos Energy Is Experienced In The Gulf Of Mexico

For an independent gas and oil company to achieve its goals, there is the need for firm leadership. If an experienced team leads such a company, it can ensure the collection of assets. Talos Energy is one of the companies that have a senior management team that is helpful to its operations. That is why it has been focusing on the best assets. It is an independent company, but it has a lot of strengths to compete with other large mining firms successfully. The industry is a challenging one but the leaders have ensured they remain firm and they have faced all the challenges without fail. The industry needs people with a firm understanding. Such people help to handle the various problems that are experienced in mining sector. Some of the people who are taking Talos Energy to the next level are the following:

Tim Duncan

Tim Duncan is the leading man behind the success of Talos Energy. The company began in 2012 when Tim and other two founders came together. Tim has been in the oil industry and understands all the logistics involved. He is one of the best modern oil men who have used advanced technology to deliver the best services. He discovered his talent at a young age and focused on it. That is why he went to study petroleum engineering. He undertook his degree at Mississippi State University and in2012 he became a distinguished Fellow of the Engineering College. He proceeded to the University of Houston where he earned an MBA. He then ventured into his career and landed an opportunity working as the Senior Vice President at Phoenix.

Tim has been crucial in the operation of Talos Energy. His dedication has led to the success of the company in its endeavors. The best part of the entrepreneur is that he is always taking risks as long as he is sure that a project may pay off. He is a happy man when he invests in risky projects, and they become successful. He works with a dedicated team of professionals and respects their work because he understands that they contribute a lot to the success of the company.

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Talos Energy’s Independent Exploration And Production In The Gulf Of Mexico

Talos Energy is a privately owned oil and gas company that is managed by a team of well skilled and experienced professionals in offshore exploration and production. It was founded by Timothy Duncan in 2012, with an equity raise of $600-million from River stone Holdings and Apollo Global Management. The company specializes in the acquisition of operated shelf and developed deep-water assets in the Gulf of Mexico, which it explores, exploits and optimizes using the most advanced seismic technologies. The company comprises a team of professionals who work closely and have been together for over a decade. The team has an amazing track record of performance, with several positive results to show.

Before Talos Energy Company was formed in 2012, the same team working in the energy company had built and sold two Gulf of Mexico oil and gas companies namely Gryphon Exploration Co. and Phoenix Exploration Co. both of these companies had already delivered great returns to all the investors.

Timothy Duncan, the 45-year old Talos Energy Chief Executive Officer, is popular for making the most out of very tough situations. He is the main person behind the success story of this company. He has his biggest asset, the Phoenix field, about 165 miles south of New Orleans. The last few months, Duncan has been organizing one of the biggest mergers Talos Energy will ever have with Stone Energy Company. The $2.5 billion merger was a major opportunity for his company to become a public entity without running through the expense of public offering. The months have been tough, but the completion of the merger happened in May this year. Talos has now taken over Stone’s listing, and Duncan will be presiding over the oil company with annual revenue of about $900 million.

A few months after this major merger, Talos Energy is already announcing the acquisition of Whistler Energy II. The purchase price was set at $52 million and will be part of the acquisition. This will be a significant gain for both Talos and Whistler, with the seller getting approximate of $100 million in cash, with the buyer only paying $14 million.

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