Talos Energy was founded in 2012 and is an exploration and production company that acquires oil and gas off the US Gulf of Mexico. They are headquartered in Houston, TX. They have a leadership team that includes Timothy S. Duncan the president and CEO, Stephen E. Heitzman the vice president and COO, and John A. Parker the executive vice president of exploration. Their team also includes William S. Moss III as senior vice president and general counsel and Michael L. Harding the senior vice president and CFO for the company. They have decades of experience in geological, operational, commercial and acquisition.
In addition, Talos Energy employs John B. Spath as the vice president of production operations and Robert Sheninger as the vice president of health safety, environmental and regulatory compliance. Together they are responsible for the geological and geophysical exploration for oil and gas from the Gulf of Mexico. They extract oil from the basin in this area and utilize a seismic dataset and propriety of reprocessing methods to implement their procedures. They are focused on increasing production, initiating specialized drilling techniques and maintaining the environment.
Recently, Talos Energy has secured the Stone Energy Corp. in Louisiana and merged into TALO. They are working towards becoming the worlds most prominent offshore exploration and production company. The merger will allow the newly formed company to grow faster and explore more opportunities. Talos shareholders own 63 percent of the company and the Stone investors own 37 percent. The enterprise has a combined value of $2.5 billion and the stock costs $35.39. They have acquired 1.2 million acres of land where they process 47 thousand barrels of oil per day. They now have more financial assets and will have a $1 billion credit facility until 2022.
Talos Energy has procured four board members from Stone and kept six of their own. Both companies will have differed financial advisors and legal teams. Talos will be advised by Citigroup and UBS investment banks regarding their financial matters and employ Vinson & Elkins LLP for legal expertise. Stone have their finances handled by Petrie Partners Securities LLC and Akin Gump Strauss Haur & Feld LL are their legal advisors.
Even though, Stone filed for bankruptcy and was acquired by Talos they are interested in securing the restructuring of the company. They are on their way to becoming leaders in the industry with the help of Talos.