Talos Energy and their Recent Acquisition

Talos Energy is a US-based oil and gas company. Talos Energy has recently acquired Whistler Energy. The acquisition took place in a $52 million transaction. CEO of Talos, Timothy Duncan, spoke on the recent event. He commented on the company’s satisfaction with the acquisition of Whistler Energy. Some of these prerequisites Talos looks for when acquiring an existing company include low-entry costs, production facilities with the adequate capabilities and a new seismic.

Talos Energy spoke on the recent updates within the company as beneficial for business. They spoke on the acquisition of the Green Canyon 18 Field as a great addition to their previously acquired land. The assets that were obtained through this event consist of three parts. Green Canyon 60, Ewing Bank 988 and Green Canyon 18. These areas are located in the Gulf of Mexico.

ExxonMobil originally developed Green Canyon 18. ExxonMobil subsequently sold the land to Whistler Energy during 2012. There has been a total production of over 117 million barrels of oil produced on the land.

Talos Energy previously won the ‚ÄúDiscovery of the Year” award in 2017. The award was presented during the WoodMac annual awards ceremony. The WoodMac award accounted for over 200 business leaders in 2017. Talos Energy was noticed for their Zama oil discovery located on the offshore of Mexico. Zama is a new drilling site and is expected to hold anywhere from 1.4 and 2 billion barrels. Duncan spoke on the recent finding of Zama. He called the operation a “historic and significant discovery.” Talos currently has a total of 35 percent interest in the block. Sierra Oil and Gas has 40 percent interest in the block. Premier Oil has a total of 25 percent in the acquisition.

Talos Energy is an independent production and exploration company. They have their operations located in the Gulf of Mexico as well as in the shallow waters off the Mexican coastline.

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