Hurricane Harvey wreaked havoc on the State of Texas, leaving many individuals without shelter, food, or even clothing. Luckily, a local business by the name of Stream Energy was there to help. The Dallas, Texas-based company has quite a large area of service and has seen significant success in their business over the past decade, placing them in a great position to help those in need. As a company who prides themselves on being deeply involved in their communities, Stream Energy is passionate about offering what help they can, when they can. REgularly partnering with other organizations such as Habitat for Humanity and The Red Cross, Stream has been able to provide a considerable amount to help those who have found themselves in need.
More recently, Stream Energy has introduced support for The Hope Supply Company, which is Dallas based, as is Stream. Seeing as one of the biggest passions of Stream has been helping those who are homeless, the partnership is beneficial to both parties, as Stream Energy team members make themselves available to help, they also gain trust and loyalty in their service areas while also having a positive impact on those areas. One project that the partnership has worked together on was a waterpark day for less fortunate children. Together with The Hope Supply Company, Stream Energy planned a full day at a water park for children of the Dallas area who were less fortunate, having been part of homeless families or otherwise consider to be in need. The teams worked together to go above and beyond in order to give the children a chance to do something that most had never done, visits a water park. Not only did the teams fund this, but they also made sure that food items were distributed to the children following the day’s adventures, ensuring that they got both the experience and supplies to help alleviate strain placed upon them by their individual circumstances.
Talos Energy, Inc. is an oil and gas firm based out of Houston, Texas. They operate along the Gulf Coast and in the Gulf of Mexico where they explore for oil & gas and then pump it to the surface. They have a huge seismic database that they use to figure out where to explore as well as proprietary reprocessing techniques.
They were named one of Houston’s Top Work Places in 2013, 2014, 2015, and 2016 by WorkplaceDynamics. Talos Energy’s Chief Executive Officer Tim Duncan says that they earned these designations not through offering things to their employees like an on-site day care center or happy hours on Fridays. Instead, when they were still a privately held company, they gave each employee a stake in the company in the form of equity. This encourages everyone to work hard and row in the same direction.
Talos Energy is now a publically held company. How this happened was not through an initial public offering, though. Instead, CEO Tim Duncan spent months working on a deal to merge with Stone Energy Corporation. which had been a bankrupt publically traded firm. Once this $2 billion deal was consummated Talos Energy started trading on the New York Stock Exchange under the ticker symbol TALO. Tim Duncan said that this deal left his company well-positioned in regards to increased scale and liquidity. He was looking forward to creating further business development plans in the future.
Talos Energy expanded a second time in September 2018 when they acquired another gas & oil firm, Whistler Energy II, LLC. This deal was worth $52 million. Whistler Energy had been producing 1,900 barrels of oil a day throughout 2018. Talos Energy now has 100% of their assets which are located in three Central Gulf of Mexico blocks. These are Ewing Bank 988, Green Canyon 60, and Green Canyon 18. They also acquired a fixed production platform from this deal with is in the Green Canyon Block 18. Tim Duncan said that his company acquired blocks that are in a known hydrocarbon prolific area.
To Learn More Click Here