Before Talos Energy merged with Stone Energy, there was a storm named Harvey that ravished Southeast Texas in 2017 with wind speeds of 130 mph. Talos Energy executive Tim Duncan, found himself, his wife, his 6-year-old-son and their 2 dogs on a FEMA rescue boat from their home in Kingwood, Texas-a suburb of Houston. 4-months prior to this, Duncan had begun brokering merger. Brokering such a deal is a challenge under normal circumstances needless to say, Hurricane Harvey made closing this deal, much more difficult. In spite of the hurricane, Duncan persisted and eventually closed the deal with Stone Energy Corporation. Making Talos a public entity without the expense of a public offering. Now, Tim Duncan presides over an oil company with an annual revenue of $900 million.
Talos Energy’s expertise lies in the acquiring of operated shelf and developed deep water assets in the Gulf of Mexico. Talos then explores, exploits and optimizes those assets using innovative and cutting-edge seismic technologies. The company, which is located in Houston Texas, was voted one of the Top Work Places in 2017. For example, Talos reexamined seismic data that enabled the ship Helix Producer to make new discoveries 3,000 feet deeper than the old reservoirs. You might recall that The Helix is the ship that helped to capture some of the 4 million barrels that gushed into the Gulf after the big Deep water Horizon oil spill in 2010. Talos Energy is also a company that prides itself on making the welfare of its employees, contractors, visitors and the general public a top priority! Maintaining compliance with applicable health, safety environmental laws and regulations is a constant focus and is fundamental to the company’s culture.
One thing that won’t change for the foreseeable future, is that oil and gas will continue to be the main source of energy. When it comes to recovering previously unreachable valuable resources, Talos Energy is a company that is focused on continued innovation in the exploration and production of these resources.
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