Talos Energy: The Merger

Talos Energy, (TALOS) last May joined forces with Stone Energy Corporation to combine into “Talos Energy”. This resulted in making waves in the industry of production and industry. These two companies have a past of the factors of strategic development and intuitive asset management. This combination of the two companies let Talos Energy to go through publicity without the corresponding price of an initial public offering. Talos Energy, is located in Houston, Texas.

Talos Energy is bouncing back from 2015 when the oil price collapsed. Since then, there are recent developments that have viewed the oil price increase to more than $60 dollars for every gallon. Oil and gas companies form America are graced to assist the nation’s energy needs. This is as production of domestic crude oil got to in the end of 2017 a stable peak. Something else Talos Energy will see is an oil production moved up. This is an outcome of the merger also it is standing to make barrels of 47,000 each day. In addition, the merged company has in possession assets with manifested reserves amounting to 136 million barrels contain equivalents of oil. The merged company will also keep an amount of 1.2 million mixed gross acres in the Gulf of Mexico. This is with a rough estimate of 160,000 acres being off Mexico’s coast. It’s also important to note that in the merger’s finishing Talos made an announcement that it stepped into an opening Borrowing Base amounting to $600 million. This is where there is an available amount of $300.0 million. In addition the merger has a liquidity amounting to $450 million dollars which has an approximated amount of $150 million in their hands, related costs in net of transactions.

In a company of gas and oil that’s independent need’s the leadership of a CEO that thinks forward and energetic The CEO of Talos Energy company is Tim Duncan.. This CEO has made a choice to become still has placed Talos Energy which is a producer with promise in the Gulf Coast regions and the Gulf of Mexico.

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