Talos Energy is an oil and gas exploration company created by Tim Duncan and partners using some $600 million obtained from equities as well as assets from the Gulf of Mexico. Although young, Talos Energy has grown to accommodate 120 employees in its operations, up from an original 15 head count. According to WorkplaceDynamics, Talos Energy got recognition as being the only company that offers employees with a favorable working environment. By providing day care services to the children of its employees as well as Friday happy hours, Talos Energy outshone its competitors and more information click here.
Also, Talos Energy has since its inception thrived on rewarding its geoscientists, receptionists, and its other employees time and again. Recently, Talos acquired Energy Resource Technology GOM, Inc., a move meant to expand the corporation. The acquisition took place at a staggering cost of $620 million. According to sources, the move by Talos was considered to be a sane one mainly because Energy Resource Technology GOM, Inc has been known to mine 16,155 barrels on average, with all extractions being heavily rich in oil. Since its purchase, the Energy Resource Technology GOM, Inc., has expanded capacity by prospecting for oil in the Green Canyon Block 237 and learn more about Equities First.
So far, Talos Energy’s CEO happens to be a happy man mainly because the small company is growing to become a dominating force in the Gulf of Mexico. Gaining the financial support of institutions like Talos Management, Riverstone Holdings LLC, and the Apollo Global Management, Talos Energy has been able to thrive through some pretty challenging times. With its headquarters being in Houston, Talos Energy is growing at an alarming rate. Talos Energy alongside Premier Oil Plc and Sierra Oil & Gas happens to be the only private companies in 80 years to have drilled an offshore well in the Gulf of Mexico. With the entire project having cost close to $16 million, the Zama-1 well came to a realization and is said to hold close to 500 million barrels of crude oil. Talos Energy now operates the well on behalf of its partners and owns 35% in stakes. Talos Energy through the management of Tim Duncan is once more making oil and gas exploration in the Gulf of Mexico attractive and resume its.