Talos Energy’s Independent Oil Production

Talos Energy Inc. is a production company that mainly deals in gas, oil, and energy exploration. It is independent because it relies on its technical experts to deliver quality services. Its headquarters are in Houston, United States of America. The company was founded in 2012 under the leadership of Timothy S. Duncan, John A. Parker, Stephen E. Heitzman, and John L. Harrison. It has demonstrated effectiveness in the energy sector due to its experienced management team.

Its main aim is to acquire and develop assets that are located in the Gulf of Mexico. With the goal of using innovative and seismic technologies, the company explores and exploits already enacted assets. Its employees are cohesive having worked together for almost ten years. Moreover, they are determined to present positive results to the management hence their evident hard work.

Before Talos Energy was developed in 2012, the management had already sold two oil and gas companies in the Gulf of Mexico. They include Gryphon and Phoenix Exploration Companies. They were a great achievement due to the returns they delivered to their equity investors. The company has presently discovered two billion barrels of oil in Mexico. It is a huge boost to the oil sector because, since its foreign exploration, it has never experienced such an amount of oil. However, it will need four years to develop the oil because the well is currently 500 feet while the required depth is 11000 feet. Analysts and company executives view it as an important discovery because it could trigger drilling to the south coast.

The company has achieved much since the discovery of the oil field. The gas and oil fields in Mexico rely on its achievements to develop their fields. It is a huge boost to the Mexican government because it would actualize some of its promises. Talos Energy has continuously excelled in most of its drilling activities. After winning its first auction, the company is competitive in offshore blocks. Many companies have expressed interest in joining it. In fact, it plans to drill the oil fields until it attains 14,000 feet. Talos Energy Company holds thirty-five percent shares in the oil field, while Sierra Oil and London based hold 40 and 25 percent respectively.

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