Talos Energy Continues Momentum Despite Slumping Industry

Talos Energy is an independent gas and oil production company that is based out of Houston, TX. The company was established in 2012 by a trio of investors: Steve Heitzman, John Marker, and Timothy Duncan. When opening the company, their goal was to create an independent gas and oil energy company that could transcend borders while finding opportunities in both foreign and domestic markets. Their focus from the beginning was to make Talos Energy a prominent player on the Gulf Coast and inside of the Gulf of Mexico. After more than six years in the industry, Talos Energy is showing that they are resilient while continuing to grow in an otherwise slow industry. Recently, Talos Energy was awarded a prominent industry honor.

Just last year, Talos Energy was granted the ‘Discovery Of The Year’ award for 2017 during the WoodMac Award Ceremony. The award came to Talos Energy thanks to their work in the Gulf of Mexico where they not only managed to break barriers but also discover a hugely profitable well known as the Zama-1. Talos Energy became one of the first American companies to have access to Mexico’s oil and gas industry after Mexico had spent decades making that industry completely nationalized. The Zama-1 oil well is expected to become a hugely profitable source for Talos Energy and the other investors with production slated to be near 2 BILLION barrels of oil when all is said and done. Talos Energy holds 35% stock in the well, along with their partners Sierra Oil and Gas & Premier Oil.

While Talos Energy has been dominating headlines for their work on the Zama-1 discovery, they’ve also been busy in other areas of business. Late last year, Talos went on to acquire Stone Energy Corp, an under-the-radar move that opened up a vast portion of the Gulf of Mexico to the Houston, TX upstart. The acquisition would give Talos Energy an additional two areas in the Gulf of Mexico with a deepwater location in the United States and a shallow-water location in the Mexican Gulf. Tim Duncan states that the acquisition will give the company the resources that they need in order to continue exploring new opportunities.

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