Tim Duncan Of Talos Energy Obtains Stone Energy

Tim Duncan, chief executive of Talos Energy, had been working for months on a merger with failing company Stone Energy when the floodwaters of Hurricane Harvey wracked his neighborhood of Kingwood, Texas. Knowing that the flood could not stop all the progress he had seen, Tim rescued his family from the rising waters and found refuge with his parents in a safe, high and dry location in the city.

It was from his mother’s dining room table that Tim would get the $2.5 billion completed. It wouldn’t be until may that the Talos Energy’s stockholders would see a ticker change for the company, now showing under the listing “TALO.” Though Stone Energy was a failing entity, It came with a low-risk balance of $700 million in debt to $2.3 billion in assets. Since Stone Energy was a public company, the merger gave Tim the opportunity to make Talos a public entity as well without taking any money from the public. Transforming the company in this way was especially crucial for the city of Houston because of the damage Harvey left in its wake.

Equity shareholders of Mr. Duncan’s company can find peace of mind in his seemingly reckless decision making, by looking at his robust body of work. Much of what Tim does is lie in wait for other companies to fall by the wayside and scoop them up for pennies on the dollar. Once he has acquired ownership of these companies, as he did with Stone Energy, he begins drilling new wells in hopes of striking natural gas and oil. Talos Energy has a promising future in the Gulf of Mexico as the company has hit a 1,000 foot this layer of sandstone that has been soaked through with oil. The estimated amount is upward of 2 billion barrels, and the company expects that oil will begin to flow in roughly five years. Tim Duncan is not a man that stands down against adversity; he rises to the challenge every chance he can, and it often comes out benefitting those who choose to purchase an equity share in the companies Tim runs.

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