Founded in 2012 by President and CEO, Timothy S. Duncan, Talos Energy is an oil and gas company located in Houson, Texas. The company’s operations specialize in off-shore drilling in the Gulf of Mexico and the refinement and sales of crude oil.At the start of 2018, January 16, initial production of their Tornado II deep water well. Talos Energy stated the Tornado II, during a two-week test period that began on December 15, 2017, produced more than 12,350 barrels of oil. They believe that Tornado deep water well coupled with the Tornado II deep water well will be able to produce 24,000 to 27,000 barrels of oil per day.
The original Tornado produced 7.4 million barrels in its first 15 months of operation. And although Talos Energy is the operator, Deep Gulf Energy III, LLC, has a 35% working interest. President Tim Duncan stated he was more than happy with the completion of the Tornado II deep water well and that it was completed six weeks before the deadline and was able to be produced under budget. Perhaps this is due to high employee moral as Talos Energy has been ranked by the Houston Chronicle five years in a row since 2013.
The Tornado II is specifically located in the Phoenix Field of the Green Canyon area of the Gulf of Mexico.Though mainly an oil and gas company, Talos Energy is self-defined as an exploration and production company of all types of assets that they can acquire and develop in the shallow and deep waters of the United States Gulf of Mexico. They have over 20 sites listed on their website. All of which are in the Gulf, with most of those being just south of Louisiana. Their corporate polices and other information can be found on their Facebook Page :https://www.facebook.com/talos.energy/
The economy of Mexico is likely to experience a tremendous growth due to its government’s significant step to give its failing oil and gas business to private companies. The collaboration of the chosen enterprises of the bid will see the country improve its standards and level of fuel production within a short period. The Mexican government`s step has received appraisal from many individuals and the good drilling process taking place in the country is perceived to be one of the greatest ones since the late 1930`s.
The partnership of Talos Energy with Premier oil plc and Sierra oil and gas, has seen the firm gain a high reputation. The company has always been dedicated to owning property in various parts of the country, and besides its great achievements, Talos Energy still strives to be among the best oil and gas companies in the world. The three firms got a chance to conduct their good drilling and oil business in the Gulf of Mexico with Talos owning around thirty-five percent of the venture. Sierra oil and gas holds the largest share and the three firms look forward to bringing better innovations as well as acquiring huge revenues through the ventures with the starting time.
Additionally, Talos Energy has established its ventures over the past years and has successfully acquired a vast number of firms including the Helix Energy Solutions that cost the company about six hundred and twenty million dollars. Besides, the company’s team of management has highly contributed to the success of the enterprise due to their significant concerns towards listening to their employee’s ideas with the aim of implementing the most suitable ones. Team work is at the forefront of the company’s operations, Talos Energy has accomplished a significant number of its goals. Most of the employees in the company have always been motivated to give their best thanks to the great attention that they receive from their executives.
Their Facebook Page: https://www.facebook.com/talos.energy/