Not too long ago, Talos Energy and Stone Energy Corporation completed a merger that was in the works for many months. Stone Energy is a company based out of Louisiana, while Talos Energy is headquartered in Houston, Texas. By May 10, Stone ENergy’s shares were changed over to Talos Energy Shares and the company was then publicly traded on the stock market. Given that Talos Energy was founded back in 2012, they are already making good headway in their industry with a merger in their first 5 years of business. Tim Duncan, the CEO for Talos Energy has many other partnerships and mergers on the horizon that he would like to explore.
Talos Energy is not only an established company in the energy industry after just six years, but they are known for their excellent work environment and business benefits that are offered to employees as well as business partners. Shareholders have seen a large increase in liquidity but even more importantly, the scale of the market. As it stands, Talos Energy is in a great position with their new business partnership that is taking place around the Gulf of Mexico. Currently, Talos Energy has a liquidity of about 450 million dollars and based on a credit agreement that amounted to 600 million dollars in borrowed money, 150 million of that money is in cash.
Stone Energy Corporation was recently incorporation into Talos Energy, but they have also announced another acquisition in September of this year. The next company on the list to be acquired according to Talos CEO Tim Duncan is Whistler Energy LLC. In this scenario, both parties stand to benefit. Talos Energy paid a hefty sum in order to obtain all of Whistler Energy’s assets, including various areas around the Gulf of Mexico. These regions have produced more than 100 million barrels of oil over the years, so there is a lot of opportunities here for Talos Energy.
Learn more about Talos: https://www.ogj.com/articles/2017/11/gulf-of-mexico-producers-to-become-talos-energy-inc.html