One of the biggest accomplishments in the career of Tim Duncan has been a monumental acquisition/merger with Stone Energy that has allowed the Talos Energy CEO to take his company public while foregoing the traditional IPO. Duncan will now head up a stronger than ever exploratory energy firm that will go into the publically traded sphere with equity market capitalization in the initial range of nearly $2 billion. Talos Energy Inc. is also going to power into the publically traded listings with a $2.5 billion enterprise value. This is calculated based on the stock price that Stone Energy Corporation was valued at. This was a price of nearly $33.50.
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— talosenergy (@talosenergyllc) February 12, 2013
Talos Energy makes its headquarters home in the well-known Texas city of Houston and Tim Duncan and his team are very happy about the great benefits that shareholders now gain due to this merger. This also places Talos Energy in an ideal position to take advantage of the impressive assets that the company currently holds in its portfolio. A major area that the firm is now concentrating on in terms of exploratory work is the Gulf of Mexico region, both in U.S. territory and Mexican territory. There are also exciting recent talks that Talos Energy and a conglomerate it is currently spearheading will team up with Mexico’s national oil firm Pemex.
One of the factors driving the success at Talos Energy is the fact that it has developed such an outstanding reputation as a company to work for and has been recognized as such for the past five years running now. Talos Energy offers dedicated individuals the ability to work in careers such as exploration and production as well as providing opportunities within the corporate leadership structure of the constantly growing firm. Tim Duncan is very proud of the great company atmosphere that himself and his team have been able to build up over the years at Talos Energy.