Talos Energy, a company that specializes in producing energy, specifically through oil and gas has been at the forefront of acquisition of assets that would increase their energy production and subsequently their returns from the investments. The company started off in the Gulf of Mexico. The venture was highly profitable as Talos Energy’s then-prospective investors created two gas and oil companies that they later sold. Phoenix Exploration Co. and Gryphon Exploration Co. turned out to be very lucrative for the investors of Talos Energy. This ultimately led to more exploration and business transactions that have led to the creation of Talos Energy, a leader in energy production.
Since Talos Energy specializes in acquiring companies that have assets in exploring and exploiting shallow and deepwater energy, they have been using cutting-edge technology to improve the companies that operate under its wing to make the best out of it. For instance, Talos Energy partnered with Stone Energy Corp to create the larger Talos Energy Inc. This move has seen the assets of the company increase giving it more control on energy production.
With the assets that it acquired in the partnership, Talos Energy has been able to successfully bid for leases in deep water and shallow water blocks that cover about 75,000 acres. $5.3 million will be paid upon complete acquisition of the blocks by Talos Energy. The company will have even a larger control of the energy that comes from the Gulf of Mexico after this lease sale. The sale that was held by the Bureau of Ocean Energy Management (BOEM) gives BOEM the right to award or withhold a successful bid before they announce the award results to the bidders. They base their awards on the minimum bidding amount that they have set. Talos Energy and any other bidder of the blocks will be given the green light to start production in coming months.
Talos Energy has been experiencing gradual growth since its inception in 2012 and the investors intend for it to continue doing so. With their recent success rate, it is safe to say that the days ahead of the company’s energy production venture are very bright.