Talos Energy On Their New Acquisition

Talos Energy is a gas and oil company that primarily focuses on offshore production in Texas. The independent oil provider is a leader in exploration and innovation. The company prides itself on acquiring assets on the shores of Texas and throughout the Gulf Of Mexico. They are under the leadership of Tim Duncan. As the chief executive of Talos Energy he has major plans for the company. He aims to lead them to new heights of exploration, optimization and exploitation for the oil and gas industry.

Oil is in Tim Duncan’s blood. He is the son of a oil man and followed in his father’s footsteps in 1996 when he got into the oil business. He was hired by Zilkha Energy. He worked as an engineer for the company. He developed major plans for the energy company. He was able to devise strategies and tools for the energy provider to help geologists get inside of rock layers that were six miles under the earth. This company went on to have huge success. They were sold for just over one billion dollars. This type of success excited the young engineer and gave him so much motivation in what he could do for the oil industry.

Tim Duncan founded Talos Energy in 2012 with six hundred million dollars in funding. Just one year later his company acquired Phoneix Field. It did not stop there. Talos Energy has since then gone on to acquire other assets. But one year aft that the oil markets went through a recession. But the oil founder was able to handle the readjusting of his company to handle the market and survived the recession that put many oil businesses out of business.

Tim Duncan has facilitated a famous billion dollar merger for the oil industry. His company recently required Stone Energy. Stone Energy was a big move for Talos Energy since Stone Energy has filed for bankruptcy. The merging of the two companies was a challenging task for the executive. But he was able to manage both companies and combine them into one during a four month process.