Posts Tagged ‘production company’

Talos Energy merges to success

Saturday, December 22nd, 2018

Talos energy is an independent oil & gas company focused on offshore exploration and production to recover resources beneficial to them that were previously thought to be out of reach. Oil and gas will continue to be the main energy source for many generations ahead and therefor their strategy is to get possession of, exploit and explore in the Gulf of Mexico and Gulf Coast region by using their resources and knowledge. Talos energy’s headquarters are currently located in Houston, TX; they are also expanding. Talos Energy has announced the Mexican oil & gas regulator, the National Hydrocarbons Commission has approved the appraisal plan for the Zama discovery. The appraisal plan includes three new reservoir penetrations. Talos Energy is waiting on permits to drill so they can begin hopefully by 2019. This merger with Stone Energy Corporation merging gas and oil is said to be a life changing combination, in which shareholders will greatly benefit from our increased scale and liquidity. Talos Energy is well positioned to take advantage of its high quality asset portfolio and returns focused capital programs in the U.S. Gulf of Mexico and offshore Mexico as well as take advantage of business development opportunities in the future. This combination is an important step in the goal of becoming the top offshore exploration and production company. They will have two main areas in the Deep water U.S. Gulf of Mexico Deep water and the amazing new Zama discovery located in the not so deep waters off the shore of Mexico. With all of the talented employees, technical resources and balance sheet of the company, this will allow them to speed up the development of their own inventory while also giving them the strength to pursue compelling transactional and exploration opportunities. It is fully expected that they achieve material operating synergies and maximize capital efficiency going forward. This transaction is a amazing opportunity for both Talos Energy and Stone as they create a Gulf of Mexico top pick

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