Our world is the way it is mainly because of industrialization facilitated by energy from fossil sources. Nations and companies alike have spent trillions of dollars in search of the vital resources, a move driven by the need to make even when a discovery gets made. For years, there has been vigorous activity in the Gulf of Mexico, motivated by the need for gas and oil companies to keep up with the ever growing demand of the above resources from all over the world. To this end, such necessity has called for the creation of Talos Energy, an oil and gas exploration corporation that is one of a kind.
Although Talos Energy was only previously established, it has made a huge impact on the gas and oil exploration industry. What started out as a corporation with only 15 members has now grown to be an employer of more than 100 workers. Using its initial capital of $600 million obtained from offshore assets, Tim Duncan, the company’s founder has helped build a robust corporation that beats its competitors’ hands down. So far, Talos Energy has gained recognition from WorkplaceDynamics for being the only business of its kind that offers hospitable working conditions for its workers.
In the recent past, Talos Energy has made efforts to expand its activities. For instance, the corporation recently acquired Energy Resource Technology GOM Inc. at a staggering cost of $620 million, a testament that the company is making substantial amounts of profits by all means. To date, Talos Energy is renowned for being the only privately owned company to operate in the Gulf of Mexico in over eighty years. By partnering with other organizations like Premier Oil PLC and Sierra Oil & Gas, Talos Energy has given the state owned Petroleos Mexicanos a run for its money. So far, the Zama-1 well dug by the company has been a blessing in disguise for Talos Energy and partners and currently holds close to 500 million barrels of crude oil.