The oil and exploratory drilling industry recently had the massive news break that Talos Energy and Stone Energy would merge together under the Talos Energy name all the while taking up Stone Energy’s public listing on the stock exchange. The shareholders with the company are rally going to reap the benefits of this massive move on the part of Talos Energy. Talos’s founder and Chief Executive is Timothy Duncan and he has been adamant in his assertion that this move has the company well positioned to take advantage of the impressive portfolio of assets that are in possession. The focus of this portfolio is in the Gulf of Mexico.
In 2013, the government of Mexico set in place a set of reforms targeted at its gas and oil industry. Talos Energy has been one of the first firms in the industry to really make a concerted effort at taking advantage of these changes. In 2017, Talos was proud to take part in a collaborative effort that was involved in offshore oil field known as Zama-1. The significance of this work was that it was the first offshore exploration privately drilled in Mexican history. It seems that the gambles that Talos Energy has taken in this critical area are going to have a huge chance to really pay off.
Talos Energy also acquired a pair of critical areas in the Gulf of Mexico as a result of the merger that took place with Stone Energy. All of these moves have come together to position Talos Energy in a really good place to be able to go forward with some ambitious development plans. The company’s team looks forward to taking advantage of some excellent opportunities for exploration. Timothy Duncan has taken what might be called big gambles over the past few years, but those seem to be well worth it.
For details: www.indeed.com/cmp/Talos-Energy