Talos Energy is back in the news again. This company has a knack for making the headlines of national publications thanks to its progressive nature. The oil and gas company specializes in the exploration of oil/gas resources, and it has a strong $600 million-backing from top investment businesses. Acquisitions play a huge role in a company’s growth. By acquiring another business, it can drastically cut costs as well as increase profits. The perfect example of this notion was when Talos Energy participated in an acquisition for Energy Resource Technology or (ERT). Energy Resource Technology just so happened to be a subsidiary of the prominent Helix Energy Solutions Group. ERT’s assets averaged over 16,000 barrels of oil per day. The entire acquisition was estimated at $620 million.
“WE are excited to have reached a milestone in closing the ERT deal,” said Talos Energy President Tim Duncan. This oil & gas giant of a company works in numerous markets, but it’s headquartered in the city of Houston, Texas. This specific acquisition took place back in 2013, but Talos Energy has moved on to even more ambitious projects. Ash Shepard, commercial manager Talos Energy, has played a key role in the company’s success. This extraordinary guy signed the two production-sharing contracts for Mexico’s Constitutional Energy Reforms. Until this moment in time, Mexico wasn’t allowing any foreign entities to come in a drill for resources. This is big moment for the nation of Mexico as it will help to boost the country’s struggling economy.
On the other hand, Shepard became an honoree for the prestigious “Thirty Under 40” award. The Mexican project, Zama-1 well, is estimated to holding more than 500 million barrels of crude oil. As you can see, Talos Energy is always making progressive improvements as well as evolving with the times and this is why it is one of the top oil and gas companies in America.
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