Talos Energy has Experience and Expertise in the Gulf of Mexico

talos energy

It’s been said time and time again that any independent oil and gas company worth it’s salt needs to have intuitive leadership and solid collection of assets. Maintaining a deeply experienced senior management team is the only way to ensure that an E&P company is focusing its efforts on the right assets at the right moments. Much of the strength of independent oil and gas companies are their ability to stay nimble and face each challenge with every aspect of the business in mind. Whereas larger integrated oil and gas companies often isolate business functions and separate duties and responsibilities. But such an encompassing approach can only succeed when executed by those with a firm understanding of the science behind E&P as well as the fiscal vision to guide a company to success. Meet the new Talos Energy Leadership team.

The Man at the Helm: Timothy Duncan

Founded in 2012, Talos Energy is the brainchild of Tim Duncan and two other co-founders. Duncan is the quintessential oil man of the 21st century that was born into the oil industry. Duncan hardly rested on his lineage though, studying Petroleum Engineering at Mississippi State University, where he was honored in 2012 as a Distinguished Fellow of the College of Engineering. Duncan then earned an MBA from the Bauer Executive Program at the University of Houston. From 2006 to 2011, Duncan was Senior Vice President of Business Development at Phoenix Exploration Company. By 2011, Duncan had helped double the size of the company and successfully closed the sale of Phoenix to Apache Corporation, allowing Duncan and his team to move on to the Talos project.

Duncan is highly dedicated when it comes to the success of his endeavors. He has stated that his biggest achievement is when risky projects pay off. While there is a monetary incentive for such success, Tim enjoys these moments on behalf of his staff because he knows of the sacrifices that his talented team has made. This top down approach to finding success is evident by the constant industry recognition that Talos and Duncan receives. In 2013, Talos Energy was named by the Houston Chronicle as the #1 Top Workplace in the Houston area for companies under 150 employees and has maintained a position on the list of Top Workplaces for the last five years. In June 2016, Mr. Duncan was named as the EY Entrepreneur of the Year for the Energy & Energy Services sector in the Gulf Coast area.

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The Daily Grind of Stephen Heitzman

Another Talos Founder is Stephen Heitzman who is current Executive Vice President and Chief Operating Officer of the independent oil and gas company. Responsible for the daily operation of the company, Heitzman utilizes over 40 years of experience in the upstream energy sector. Heitzman received his Bachelor of Science in mechanical engineering from Texas Tech University and was granted the Distinguished Engineer Award by the institution in 2015. One of Heitzman’s earlier Gulf of Mexico conquest was the formation of a start-up oil and gas organization known as Gryphon Exploration. The Gryphon team built a decent reserve base with top quartile operating metrics that were sold to Woodside USA in 2005, at which time Heitzman helped establish the Phoenix Exploration Company.

Exploring the Gulf of Mexico with John Parker

Another Founder of Talos and Phoenix Energy is John A. Parker, current Executive Vice President of Exploration at Talos. Parker is a graduate from Louisiana State University and University of New Orleans where he received an MS in Earth Science. Parker began his career in the oil industry with Shell Oil Company where he was an exploration geologist in the Gulf Coast onshore. Parker went on to manage an exploration team at Gyphon that was responsible for 72% of the company’s reserve discoveries. After Gyphon, Parker joined Duncan and Heitzman in founding Phoenix in which Parker made numerous consequential discoveries resulting in large reserve additions which helped the sale of the company to Apache.

All in all, the members of Talos management and technical teams have on average 30 years of commercial, operational, geological and acquisition experience in the Gulf of Mexico. It is this combined expertise and synergy that keep Talos Energy on top.

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

This communication may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this communication, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this communication, the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.

We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, commodity price volatility, inflation, lack of availability of drilling and production equipment and services, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating reserves and in projecting future rates of production, cash flow and access to capital, the timing of development expenditures,  potential adverse reactions or changes to business or employee relationships resulting from the business combination between Talos Energy LLC and Stone Energy Corporation, competitive responses to such business combination, the possibility that the anticipated benefits of such business combination are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies, litigation relating to the business combination, and other factors that may affect our future results and business, generally, including those discussed under the heading “Risk Factors” in our final consent solicitation statement/prospectus, dated April 9, 2018, filed with the Securities and Exchange Commission pursuant to Rule 424(b)(3) under the Securities Act.

Reserve engineering is a process of estimating underground accumulations of oil, natural gas and NGLs that cannot be measured in an exact way. The accuracy of any reserve estimate depends on the quality of available data, the interpretation of such data and price and cost assumptions made by reserve engineers. In addition, the results of drilling, testing and production activities may justify revisions of estimates that were made previously. If significant, such revisions would change the schedule of any further production and development drilling. Accordingly, reserve estimates may differ significantly from the quantities of oil, natural gas and NGLs that are ultimately recovered.

Should one or more of these risks occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, to reflect events or circumstances after the date of this communication.

Free cash flow after debt service is a supplemental non-GAAP financial measure used by management and external users of the Company’s financial statements, such as industry analysts, investors, lenders and rating agencies.  The Company defines free cash flow after debt service as net cash from operations less capital expenditures, dividends and cash interest paid.

 

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Haley Thompson

About Haley Thompson

Haley is a journalist with over 10 years of experience in the field. She has held many editorial roles at a number of high-profile publishers – both offline as well as online.

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