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 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 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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