Talos Energy is a gas and oil company that is involved in the developing, exploring and producing natural gas and oil in Mexico. They are located in the Gulf of Mexico and the Gulf Coast. The company was founded in 2012 and has grown to become one of the leading gas and oil companies around the globe. Talos Energy is an independent company.
Talos Energy merger
This year, Talos Energy decided to merge with Stone Energy Corporation. Moving forward Stone and Talos will combine their stock transactions as agreed in their transaction agreement. The transaction was closed on 10th May 2018. Stone Energy Corporation is expected to stop its stock exchange in the New York Stock Exchange.
Talos Energy Discovery Award
In 2017, Talos energy won the Discovery of the Year Award during the WoodMac exploration awards in June. It was honored with the award due to the discovery of Zama oil in offshore Mexico. It is the first offshore oil that the independent company has drilled in Mexico. The CEO of Talos Energy, Timothy Duncan, spoke saying that the discovery of Zama oil is a historic part of Talos and significant for that matter. Zama oil is expected to have 1.4 to 2 billion barrels in oil. Talos Energy owns 35% of Zama oil while the other shares are by Pierra oil and Sierra oil.
Talos Energy Whistler Energy
Talos Energy recently purchased Whistler Energy II LLC for $52 million. The company however released seventy-seven million dollars of cash collateral to secure Whistler’s surety bonds so that they will not need to replace them. Therefore, Talos Energy received $31 million with Whistler energy entitled to $46 million.
Talos Energy Top Workplaces
Talos energy is focused on innovating and exploring resources to discover new valuable places for oil and gas production. The primary strategy, for now, is to explore the Gulf Coast region and the Gulf of Mexico. With their geophysical and geological experience, they hope to explore these areas and gain seismic data that will help in the production of oil and natural gas.