Oil exploration is an industry that has been attracting a broad range of investor around the world. Those with the right knowledge have made great profits because they use the right methods when it comes to the exploration of oil. Talos Energy is a company that has invested heavily in its operations. It operates in the United States Gulf of Mexico. The firm began in 2012, and since its inception, it has been expanding. The company is now established as a public entity from privatization. It has also merged successfully with another company called Louisiana Stone Energy.
The two companies came together because they had similar goals. Their goal is to expand their services and also improve their profits. In the partnership, Talos Energy is the company with majority stake as compared to Stone Energy which is based in Louisiana. It is a deal that has opened one of the most significant offshore tradings in Mexico. These two firms have invested heavily in the Gulf of Mexico. Talos Energy has been excelling on the New York Stock Exchange, and this is what made the company focus on the merger with Stone Energy.
Tim Duncan serves as the Chief Executive Officer of the company. He says the organization is in a position to continue investing heavily because it has excellent assets and has built its portfolio in the past. The leaders of the company discovered its potential through Zama. During this exercise, the firm won the majority of bids in Mexico. It partnered with other companies in Mexico which also contributed to the company winning most bids. ‘
Initially, the formation of Talos Energy was in partnership with Riverstone and Apollo Global Management. The primary goal for the creation of the company was buying assets in the Gulf of Mexico. The focus was to explore and optimize natural oils. The company has grown due to excellent leadership and structures. It became a successful private equity firm, but today it has turned public. The administration of the firm is always looking for strategies to keep growing and expanding their services. Talos Energy depends on the hard work of professionals who are experienced and skilled.
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