Talos Energy Completes Merger With Stone Energy

Talos Energy is A Houston-based oil and gas Company, which specializes in offshore oil exploration and production. Founded in 2012, Talos Energy has made a name in acquiring developed deepwater assets and operated shelf along the Gulf of Mexico. The company has unmatched expertise in the exploration, exploitation, and optimization of its acquired assets. Over the years, Talos Energy has employed the use of cutting-edge seismic technology to achieve spectacular results.

Talos Energy derives its impressive success from a widely experienced ten of managers at its helm. The team has been working together for more than ten years. Before founding Talos Energy, the team had established other companies, which recorded massive success in the oil and gas industry along the Gulf of Mexico. The companies include Phoenix Exploration Co. and Gryphon Exploration Co. The two companies generated impressive returns to all the equity investors.

Talos Energy, LLC recently rebranded into Talos Energy, Inc., after successful completion of a merger with Stone Energy Corporation. The recently finalized $1.9 billion acquisition deal will have the newly formed company headquartered in Houston with satellite offices in Lafayette, Louisiana and New Orleans. Timothy S. Duncan has remained the Chief Executive Officer of the newly created Talos Energy, Inc. Following the combination of the two companies, the Board of Directors has been restructured to comprise of six members from Talos Energy and four members from Stone Energy. Executives from the two companies have expressed their confidence that the merger will lead to a more focused exploration and production.

The merger was sealed based on advice from high ranking business specialists. Both companies employed the services of outside process consultants throughout the negotiations and merger procedures. During the process, Stone Energy employed the services of Petrie Partners Securities, a renowned advisor to energy sector. Akin Gump Strauss Hauer & Feld LLP offered legal assistance to Stone Energy. On the other hand, Talos engaged the services of Citigroup and UBS Investment Banks, which are globally recognized financial institutions. Wharton & Garrison LLP, Vinson & Elkins LLP and Paul, and Weiss, Rifkind offered legal assistance to Talos Energy during the process.

 

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