Talks energy was established in 2012 by Timothy Duncan in Houston, Texas. The startup capital, 600 million dollars, was from an equity acquired from Riverstone Holdings and Apollo global management. Talks energy is an international oil and gas company that is involved in exploration production and development of gas and oil products in the Gulf of Mexico and the Gulf Coast. The company is lead by a team of professionals in with years of experience in offshore production and exploration of gas and oil. Talos energy has specialized in acquiring deep-water and operated shelf assets in both Gulfs. They go further as to use advanced techniques and technologies in the exploration of the assets. With the team, the technologies, and the techniques, Talos has a strong positive track record with the consumers/ market. Before Talos, Timothy Duncan and his team had successfully established and sold two Gulf of Mexico oil and gas companies, Phoenix exploration and griffin exploration Co. which have continued to give their equity investors significant returns.
Premex and Talos energy partnership.
Talos energy is focused on having the best platform to explore the deep waters and utilize the assets to be acquired. For this to be, the oil and gas company is partnering with Premix, a Mexico state-run energy firm to develop a potentially more lucrative joint venture. In their recent shallow waters explorations, Talos energy discovered an anticipated 2 billion barrels oil deposit in the Gulf of Mexico. This deposit is likely to be close to the Premex’s adjacent block. Premix is set to drill it’s well to ascertain it’s share by the end of this year. These events, confirmation of data among others, will speed up the partnership so that the companies can move on with their projects and investments. Negotiations are underway with meetings taking place whereby the relevant heads of the gas and oil firms, Mr. Duncan and president-elect Andres Manuel Lopez Obrador. The partnership, Mr. Lopez anticipated, will help increase the production which will assist Premix to catch up with the fourteen years production slump. The production or rather drilling is set to resume fast with Talos energy investing approximately 325 million dollars for the two new wells. Other studies and data exchange is expected to end by mid-2019
Learn more about Talos : http://ir.stoneenergy.com/phoenix.zhtml?c=95471&p=irol-newsArticle&ID=2318130