For many years, Talos Energy CEO Tim Duncan has been working hard wishing that one day his company would merge with Stone Energy Corporation. When the day came, although he anticipated it, Tim did not believe. It was a dream that had come true. The 45-year old Tim Duncan has been contemplating on how to expand his business. Although he never thought that the expansion would come from him acquiring an almost bankrupt company, he was willing to take the risk. After all, he argued that the $2.5 billion isn’t a big deal to Talos Energy that for a long time has been Duncan’s privately owned company.
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
Remember that when Duncan was purchasing this ailing company, he was also faced with a very disastrous situation. Just a few days ago, the Talos Chief Executive Officer wadded through the flooding waters that were brought by the Hurricane Harvey that devastated most parts of Kingwood, TX rendering roads impassable. He waded through the waters hoisting his wife, their 6-year old, and two dogs. Tim and his family managed to travel to his mother’s house where they pitched a tent for a number of days. As days moved and the Hurricane Harvey’s wreckage was subsiding, Tim confided to her mother that he is contemplating of acquiring the ailing Stone Energy Corporation. Even if Tim’s mother would bring a different opinion, the Talos CEO was only sharing the news anyway. He did not need a second opinion. His wife Christy and their son would see her husband sitting with Patricia his mother on the dining table discussing on how the merger would impact their lives.
After the Merger
Upon completion of the deal, Duncan became the Chief Executive Officer of a much bigger Talos now TALO with an annual revenue projection of $900 million. According to Tim, almost all the assets that belong to Talo will remain in the Gulf of Mexico, where Duncan says the environment is friendlier for the oversight. Since his childhood, Duncan, the son of a former oil company man has known no other lucrative business apart from oil wells. He has grown up in Egypt, Florida, and Texas. However, those who know him say he is more of a New Yorker.
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