Talos Energy Inc. Is a company that uses Seismic Technology to find gas and oil under the ocean floor. Technical advances in exploration make it possible to find new areas to drill off the Gulf of Mexico. Talos Energy is an independent oil and gas production company.
The Head offices have locations in the Greater Houston area as well as the Southern part of the United States. Talos Energy was created in January of the year 2012. Four men came together and founded Talos Energy. The names of the founders are Timothy Duncan, John A. Parker, Stephen E. Heitzman, and John L. Harrison.
Talos Energy’s main purpose is to use Highly Technological Exploration Equipment to find oil deposits under the ocean floor. This is done with Seismic Technologies. Seismic Technology uses air guns to shoot sound waves into the ocean floor. The sound waves bounce off of formations under the ocean floor. A computer then interprets the data gathered to form a map image.
Once the map image is created the technician’s read the maps and look for certain images. Furthermore, the technician’s look for the depth of the images that look the best for drilling for oil. Talos Energy experts then take the information and decide the best possible locations to set up a rig and drill.
70 % is the current rate of offshore drilling in the Gulf of Mexico. However, Talos Energy recently merged with one of the founders’ company Stone Energy. Stone Energy is owned by Timothy Duncan. The two companies became Talos Energy.
After the merger Tim Duncan took a long shot and used the Seismic Technologies to explore the ocean floor off the Gulf of Mexico and found a huge oil deposit. This oil deposit turned out to produce 2 billion barrels of oil overall.
It is estimated that Talos Energy will produce 48,000 barrels of oil from the Gulf of Mexico alone. Furthermore, by using the Seismic Technologies Talos Energy can expand its operation into new areas of drilling. Talos Energy continues to expand and grow daily. Who knows how far the company will go?