Talos Energy, Inc. saw the light of day late last year. This development was as a result of the merger between Stone Energy and Talos Energy. The new production company was set up to focus on offshore exploration. Talos shareholders took the lion’s share of the company’s ownership with 63% while the rest went to Stone stakeholders.
The company which is based in Houston, Texas trades in the New York Stock Exchange as TALO. The merger meant that the company got to enjoy better liquidity with a wider scale. The management team hoped to make the most of their asset portfolio in offshore Mexico. They also had every intention of creating capital programs in their sphere of influence.
The operations of Talos Energy are mainly carried out around the Gulf of Mexico. Some of their operations spill over to the Gulf Coast. They work to optimize the assets they acquire and explore the surrounding areas for potential opportunities. The seismic database comes in handy in their exploration activities. The database is normally accompanied by reprocessing techniques that add value to the acquired assets.
Talos Energy has made it a point to conduct their work with leading market practices. This is made possible as the firm does not delegate their production practices. Specialized drilling techniques are used to recover hydrocarbon compounds. They are cognizant of the fact that future generations will still rely on oil and gas as sources of energy and are working round the clock to remain a step ahead of the competition.
The efficiency of their operations ensures that they do not compromise on the health and safety of the people around them. They also comply with environmental protection regulations. Their innovative capacity has allowed them to offer more than what other drilling companies provide. The vast expertise in geophysical and geological activities has contributed to the high returns the company gets. They also make use of trends and previous exploration exploits to inform their future plans.
Their efforts and contributions in the energy industry have not gone unnoticed. Talos Energy recently received the Discovery of the Year 2017 award courtesy of the work in Zama, Mexico. The oil discovery in Zama was the first of its kind in the private sector. Close to 2 billion barrels of oil are likely to be drilled from the new location.