Influential Board members from both the major companies Talos Energy and Stone Energy all agreed upon the alliance. The recent extensive research concluded the oil deposits present allowing Talos Energy Inc to profit from the extraction. Hence the major reason for the merging of the two companies.
TALO, as they call it on the stock market shares, cost $32.74 per share. The share price fluctuates daily during the stock market. Talos Energy now rules over 1 million acres in and around the Gulf of Mexico. Talos Energy also has offshore drilling wells all along the Coast of Texas, Mississippi, Louisiana, and Alabama. Each drilling platform is extracting the precious commodity known as oil.
Existing drilling platforms in and around the Gulf of Mexico and the others producing oil predict 47,000 Barrels of Oil per day from the areas.
Talos Energy Inc. Main headquarters in Houston Texas. There are 10 outstanding, experienced members, on its board of directors. Timothy Duncan – co-founder, Christine Hommes, Neal P. Goldman, Gregory Beard, Charles Sledge, Donald Kendall JR, James Trimble, Robert Tichio, Rajen Mahagakar, John Juneau.
Each Board of Directors member has specific areas of the company he or she handles and manages. One member deals with the financial issues of the company. Examples such as buying or selling the properties to drill for the oil. Another member will deal with drilling rights and make sure the company follows the proper protocol. A board member can handle employees and the HR Department or Human Resources. HR also deals with safety protocol.
It is important to Talos Energy Inc to protect its employees, contracted personnel, even visitors to the company. It is also important that while extracting the precious oil the environment and it does not affect the creatures who live there. Hazard Control continues to improve the overall constant communications between the Board Members to the Foreman on the actual drilling platform.
Oil is a precious commodity used daily and continues to be a vital resource for the world. Oil is vital for the world’s energy need. Therefore its extracted from far below the surface of our earth. Technology makes it possible to find and extract the oil from the deposits deep under the ocean floor.
Drilling platforms also know as offshore drilling rigs have advanced equipment. The equipment monitors every step of the drilling process. Meters, gauges, monitors, and specialized equipment to help the employees work safer and more are all used on the rigs.
Improvements in technological exploration find the oil deposits under the sea floor. The technological equipment measures where the deposits are and how far down the drill must go to reach it. In the past, the company site set up a site. They drilled the hole and it may or may not have produced a productive well. This is no longer the case now the expenses and time is a sure thing, not a waste.