Talos Energy LLC is an independent oil and gas company focusing on the exploration, development of natural gas and oil in the Gulf Coast and Gulf of Mexico. The company takes an innovative approach through techniques and cutting edge seismic technologies. Through the efforts of a management team with extensive experience with offshore exploration and production the company has been able to acquire and develop operated shelf and deep water assets.
Founded in 2012 by Timothy Duncan with a $600 million equity raise, Talos Energy LLC was born from Apollo Global Management and Riverstone Holdings. Based in Houston, Texas the company has worked to establish a longstanding solid track record which reflects corporate responsibility, save environment compliant operations, and is in a position of further exponential growth. Mr. Duncan attributes much of the success to the employees, whom he invites on a continual basis to contribute their best ideas. Involvement of staff at this level has enabled the establishment of comfortable corporate relationships. You begin to know each other by name, by their talents, position, and contributions.
Recently, Talos Energy LLC along with London-based Premier Oil Plc, and Mexico’s Sierra Oil & Gas decided to work together in a cohesive manner drilling the Zama-1 well. Drilling began on May 21 and for the first time in 80 years a brand new off shore oil well. This discovery in Mexican waters is exciting because this is a positive step by the country to bring foreign competitors back into its energy markets. All of which translates into better and fortified relationships, improved markets, and a better investment opportunity for all.
Drilling the Zama-1 well will take approximately 90 days to complete, and is estimated to hold 100 million to 500 million barrels of crude oil. Talos holds 35% stake, Sierra holds 40%, and Premier 25% stake. This venture drilling into Zama-1 tells much more than oil itself, it tells us that the Mexican market is offering, exploring, and is willing to foster relationships with foreign companies once again, of which offers success beyond the highly anticipated lucrative financial revenues!