Independent gas and oil firm Talos Energy was founded by Timothy Duncan in 2012 and has quickly risen to become an industry leader in the field of exploratory drilling in offshore locations. The company has major operations in the U.S. and the Gulf of Mexico and is led by a team of executives that have many decades of valuable experience in the industry. In 2017, Talos Energy was part of a massive discovery that resulted from an exploratory drilling operation in the Zama-1 field in the Gulf. The project was a cooperative venture between Talos Energy, Sierra Oil & Gas and Premier Oil. Estimates of the total yield that could eventually come out of this massive discovery are as high as 425 million barrels.
Talos Energy has recently made another huge announcement with the company’s merger with Stone Energy. The merger is valued at $2.5 billion and has huge implications for exploratory oil drilling in the Gulf of Mexico. The merger will include Talos Energy taking control of Stone Energy’s publically traded listing. The new oil company created out of this massive deal will be valued at revenue in the area of $900 million annually and will focus on the Gulf of Mexico. Even more impressive is the fact that the new entity created out of this merger has the capability to produce as much as 48,000 barrels of oil per day.
A huge part of this monumental acquisition is the result of the work ethic of Talos Energy Chief Executive Officer Timothy Duncan. Timothy’s neighborhood in Kingwood, Texas was ravaged by the devastating effects of Hurricane Harvey right around the same time that this deal was being put together. He had to dig deep and put his personal issues to the side while he worked to complete a deal that promises to have huge long-term payoffs. Talos Energy will inherit some amazing assets from Stone including the Pompano platform and several other prospective areas that have huge drilling potential. Luckily for Talos’s investors, Timothy Duncan has the proven track record to back up this bold move and the future looks bright for the company moving forward.