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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