Talos Energy LLC is one of the leading oils and gas companies, which has expanded its services in the Gulf Coast. The company has taken over the production of oil and natural gas properties in the Gulf of Mexico and other surrounding areas. The current company CEO, Timothy S. Duncan, founded the company in 2012. He is also the president of the company and holds other responsibilities like overseeing the day to day running of Talos Energy.
When Hurricane Harvey hit Houston Texas back in 2017, Timothy Duncan was one of the victims. After safely flying his family to Alabama, the Talos Energy CEO went back to Texas and camped outside his parents’ house for weeks. It is at his mother’s dining room that Mr. Duncan brokered the $2.5 billion merger of his privately held company with Stone Energy Company. Though publicly traded and bankrupt, Mr. Duncan went ahead and acquired the corporation. He understood the risks that could come with the acquisition of Stone Energy, but he knew that his plans would make Talos Energy a public entity with zero costs of a public offering.
In August 2018, Talos announced the acquisition of Whistler Energy II, LLC. The approximate amount of oil produced by Whistler Energy was 1,900 barrels per day. The company was acquired at $52 million. Talos Energy settled at $77 million as the amount of money for collateral that it had secured Whistler’s surety bonds which Talos would not need to reinstate. Timothy Duncan’s company went back with $31 million, and the seller had the remaining $46 million. The company representatives from both sides expressed their satisfaction with the transaction, saying it was a win-win situation for both groups.
Talos Energy interests are always in the United States Gulf of Mexico as the company has been able to lead in explorations, beneficial acquisitions and development of both shallow and deep-water assets in energy industry.
Talos Energy’s chief executive has proven time and has shown his focus on the development and stakeholder in energy. His input has yielded a lot of fruits for the company, making profits each financial year. Mr. Duncan has the experience and willpower to drive Talos energy to even greater heights. He officially joined oil industry in 1996 and worked for Zilkha Energy. In 2000, Timothy Duncan was a notable figure in the launch of Gryphon Exploration. He is also the founder of Phoenix Exploration Company LP.
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