Talos Energy Acquires Stone Energy Corporation

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Talos Energy is a non-governmental oil and gas company located in Houston, TX. The company’s main business is offshore oil exploration and production. Talos Energy attaches great value to asset optimization. The company carries out its business in Gulf Coast and its environs as well as the Gulf of Mexico. Over the years, the company has gathered experience in the mining of fuel along the Gulf region.Before founding Talos Energy in 2012, the founders had built and sold Phoenix Exploration Co. as well as Gryphon Exploration Co. These companies were first built in the Gulf of Mexico, and they proved to be a success. Exercising control over most of their production has enabled Talos Energy to use leading practices in all aspects of their operations. This is intended to bring the following:

  • Enhance output performance on completion and work on projects.
  • Improve hydrocarbon recovery with specialized drilling and completion techniques.
  • Enhance Talos Energy’s commitment to health, safety and environmental compliance in their work.

In November 2017, Stone Energy Corporation announced that they would be merging with Talos Energy. The board of directors of both companies verified the transaction of all assists to form a premier off-shore exploration and drilling company, Talos Energy Inc. According to the Chief Executive Officer of Stone Energy Corporation, the company has continuously put efforts in an attempt of adding value to the investors’ contributions. That was through selectively engaging in deep-sea drilling to create the potential for good cash flows.

Recently, Stone Corporation explored Mt. Providence Well and The Derbio Well. That will supposedly improve the valuation results of the next financial year.Timothy Duncan, the Chief Executive Officer of Talos Energy, affirms that the idea of a reverse merger works perfectly for them. One of the advantages is the pool of talented persons that they can get into Talos Energy. The alliance also enables them to use a structure that makes public equity markets more accessible. The Stone Energy Corporation’s shares will be exchanged directly for the Talos Energy’s shares.

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