Talos energy is a company in Mexico that specializes in oil and gas, and it engages assessment, development, and manufacture of the same in the Gulf Coast as well. The company is based in Houston, Texas and was founded by Timothy Duncan in 2012 who is currently the Chief Executive Officer. The company was established with an equity raise of $600 million from Apollo Global Management and Riverstone Holdings. Recently, Timothy Duncan completed a merger with Stone Energy a deal he had looked forward to for long. With the merger that would cost his company $2.5 billion, he took a significant risk considering that Stone Energy Company had filed for bankruptcy. Either way, the merger would mark Talos Energy as a public entity without the cost of a public offering. Considering the trouble Timothy Duncan went through during this period, the deal was worth all the trouble as he did not do it at the comfort of his home but his mother’s house after floods displaced him and his family.
After Talos Energy took over Stone Energy upon the acquisition, the founder Timothy Duncan was expected to preside over an oil empire with a revenue of $900 million annually. In that case, the company is expected to produce 48,000 barrels of oil every day after its expansion. Additionally, with the advancement of technology, there will be more advanced methods of drilling oil, especially in the waters. The fact that the company focuses on offshore exploration and production of oil means that it has to have the right people for the job as a wrong move can jeopardize the whole process. In that case, it has professionals in geophysical technology and advanced drilling techniques who facilitate exploitation of targeted areas thoroughly and skillfully. Talos Energy, in that case, has brought a revolution in the gas and oil industry under the leadership of Timothy Duncan who leaves nothing to chance and has worked hard towards the achievements of the company. Being a vital industry that other industries rely on for production, it has remained relevant in competitive market and continues to thrive as new deals come up.
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