Talos Energy LLC is a company that was started in Houston, Texas. Timothy S. Duncan is the companies president and Chief Executive Officer and he has BIG plans for the company! Timothy is in the process of buying a company currently known as Stone Energy Corp., a company that was birthed in Louisiana. Stone Energy Corp. is asking for $1.9 billion dollars in order to be merged into the Talos Energy LLC company!The plan is simple and effective. Talos Energy is going to combine their company with Stone Energy, which is going to only be known as Talos Energy afterwards. Talos Energy will start trading through the New York Stock Exchange as Talo, instead of Talos. Timothy is hoping to have bought out Stone Energy by, preferably, the end of this year – or by mid next year at the latest.
By combining these two companies together, Timothy S. Duncan is aiming to make Talos Energy LLC a prime production business. He knows that by combing the forces of the two businesses will be a great thing because, for instance, it – in Duncan’s words will “allow us to accelerate development of our own robust project inventory while also giving us the horsepower to pursue compelling transactional and exploration opportunities”.As long as Stone Energy Corp. is still wanting to combine with Talos Energy LLC then Talos will take over 63 percent of Stone Energy, while Stone Energy will own the remainder of the company. By these two companies merging, it will create vast revenue for both sides!
Talos Energy LLCs main focus is producing the most oil offshore, production is key in order to have a great business. By combining forces, Duncan will become the Chief Executive Officer of the new and improved Talos Energy Inc. The main Talos Energy Inc. HQ will be set up in Houston while their business offices will be located throughout New Orleans and Lafayette.Combining forces with Talos is a good idea for Stone, which previously had to file for bankruptcy. This is a chance for them to still come out successful, even after it seemed that all hope was gone. It will be a tough battle to outshine some of the various Mexican offshore businesses, but nothing is impossible!