Talos Energy: General Information And Acquisition Information

Talos Energy or LLC is a company of oil and gas that’s independent. The company is driven technically as well. The founders are John A. Parker, John L. Harrison, Stephen E. Heitzman, and Timothy S. Duncan. It’s located in Houston, Texas in the Greater Houston Area in Southern United States. It was led by a management team with decades of knowledge in production and exploration offshore. Also, as a connected group that has for greatly over a decade been joining forces, they contain track record which is strong of results that are positive.

The company of Talos Energy got publicity following the closing of Stone acquisition. Stone Energy is a company from Louisiana that was almost at a merger of two million dollars. The deal was making a bigger offshore energy player targeted on the Gulf of Mexico’s sides of Mexico and the United States. Tim Duncan who was the Chief Executive of Talos thought the deal was a combination that was transitional. The advocates of Talos have sixty-three percent of the company that got combined and the shareholders of Stone got thirty-seven percent.

The reason the company of Talos was established was to focus on the Gulf. This was with the budgetary advocacy of great private firms of equity Riverstone Holdings and Apollo Global Management. The thought was to bring Talos public in an IPO in the years of 2014 or 2015. However, the following oil bust had until now made those plans sink.

Talos had been hitting it big with the finding of the Zama. This was placed offshore of Mexico after the company had one some of the first bids that were offshore. This was with other partners in Mexico’s energy reform process. This unlocked blocks that were offshore to investors that were foreign. Zama is the first vital discovery in process of free trade. Stone Energy has done operation out of Lafayette for over twenty years. However, after it had filed for protection of bankruptcy in 2016. This was among the falling in oil prices before it’s emergence last year.

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