Oil exploration and production are one of the most lucrative industries around the world. Companies operating in this industry have sufficient funds for growth, expansion, and even employing some of the most qualified workers in industry. However, in as much as the oil industry, especially exploration and production, it is a risky industry that only requires bold organizations that are ready to risk their resources and not fearing to lose.
This is a placeholder account for Talos Energy LLC in Houston, Texas. Questions about the company should be directed to 713-328-3000.
— talosenergy (@talosenergyllc) February 12, 2013
Talos Energy is one of the most successful organizations that operate in the oil exploration and production industry. The company has been taking bold decisions in the sector without fearing the volatility that affects the industry as days pass. Individuals might have a perception that the strength of the company is derived from the fact that it has operated for a more extended period in the market. This is further from the truth given that the entity has only operated for around five years.
The company has proven to be a successful investment since its inception in 2012 after acquiring some of the longest-serving oil exploration organizations in the industry. Some of the entities acquired by Talos Energy include Stone Energy Corporation and Whistler Energy. The ability to purchase and even merge with some of the largest organizations in the industry demonstrates the financial strength of the company. Talos entered into an alliance agreement with Stone Corporations.
Talos Energy has proved to be a persistence organization that does not collapse due to the market forces that continuously affect the market. Duncan, the founder of the organization, was established a $600 million equity funding. Acquiring equity funding to start an oil exploration company shows that the founders of the company are determined enough to flex their muscles and pay back the equity.
Talos Energy has not only gone forward to pay such debts that started the organization but has gone further to establish itself as a dangerous entity in industry. The company has gone further to purchase other oil exploration companies such as Phoenix Filed, which was acquired for around $620 million. The company also went to sustain the market crash that made many companies collapse.
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