Talos Energy’s Tim Duncan Negotiates Merger Deal Between Talos And Stone Energy

When hurricane Harvey hit Texas just the other day, Tim Duncan and his neighbors in Kingwood were not spared, and like the other victims, Duncan and his family were forced to leave their homes behind for safety purposes.

Nevertheless, even amidst all the chaos that the hurricane had caused, Talos Energy’s Chief Executive Officer, Tim Duncan was still determined to sign the merger deal between his company and the bankrupt Stone energy as this was the only way that Talos Energy could become a public entity without it having to incur the costs of a public offering. In respect to that, he relocated his family to Alabama and came back to Houston to ensure that the deal goes through despite weather conditions. The weeks that followed proved that Duncan is a man committed to getting his way as he spent nights and days in his mother’s dining room negotiating the deal until it went through.

When it sees completion, the merger will bring a lot of benefits for both companies. For instance, Stone energy Company will stop being declared bankrupt while Talos will go public without the expenses involved in a public offering and At the same time increase its annual revenue to approximately $900 million. Talos will also preside over TALO, Stone energy’s listing based in the Gulf of Mexico.

About Talos Energy

Headquartered in Houston, Talos energy is a prominent firm in the oil and gas industry. The company engages in the exploration and production of the said products in the Gulf of Mexico and also Gulf coast.

Even though its quite a prominent firm right now, Talos Energy has been here for a short while and its massive success can be attributed to its remarkable panel of leaders led by Tim Duncan.

Duncan established company in 2012, and since then it has grown tremendously. Its growth can be attributed to its in-depth knowledge and expertise in the geological and geophysical aspects of oil and natural gas production massively. What’s even better is that the company carries out it its exploration, exploitation and production activities without compromising the health and safety of the firm’s workers and also people who reside around the gulf. Additionally, the firm also ensures that they remain compliant with all environmental rules regulations.

Visit More : www.indeed.com/cmp/Talos-Energy

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