The energy industry is both a risky venture and a profitable business depending on one’s perception. When it rains in that industry, it pours. The funny thing is that Talos Energy was born and continues to thrive on the problems, chaos, and despair to emerge victoriously. Talos Energy is the company that smells masked opportunity as far as Mexico.
Talos Energy trounces the competition in the industry by navigating dangerous waters. A while back, the company sought to acquire tone Energy, a bankrupt company. While it was accessible to sight debt, Talos saw a shortcut to trading publicly assets worth much more than the debt that lay bare for all to see. In 2005, the world would not touch the Phoenix field even with a long pole. It was a disaster site, who wants all the trouble? Talos Energy wanted it all and acquired it, turning it to the success it is today. A well so successful it produces sixteen thousand barrels in a single working day.
In the year gone by Talos Energy saw an opportunity that others passed by and acquired a newly auctioned field in Mexico. The idea seemed bonkers at the time but Talos being who they are grabbed the idea with both hands and set for billions in five years. It is a company that follows the less trodden path, buys into uncertainty and reaps big. It does not wonder for a company whose foundation was marked by a crashing oil market and still managed to emerge from the chaos that followed into the success it now enjoys.
More about Talos Energy
Tim Duncan is its founder. The company founded in 2012, has over two hundred employees who specialize in oil and natural gas. Although based in Houston, Texas, its principal operations are in the Gulf of Mexico. The company owes its success to a good management system, ground-breaking technology and not so textbook purchases. Talos Energy built and sold Phoenix Exploration Company and Gryphon Exploration Company both of which are still unbeaten. The company seems to thrive on a mantra of going big or go home. If it is not a scary investment enough, it’s not worth it for Talos Energy.
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