Duncan is a 45-year-old chief executive of Talos energy, and for about four months he has been planning a 2.5 million dollar merger with Stone Energy which was bankrupt and publicly traded. This is a risky move for Talos, but it would also make Talos a public company without the need of a public offering. When the merger is completed in May, Talos will acquire Stone’s listing, and the CEO will run an organization of over $900 million in annual revenue. Most of Talos’ assets will be in the Gulf of Mexico despite the substantial operating risking the water which is offset by the low-risk balance sheet the company has. The drilling platform alone costs hundreds of millions with an expected risk of a spill.

The risks involved are high, however, with the application of new hydraulic fracturing technology, Talos can operate the old reservoirs. Working on the waters at the Gulf of Mexico would be politically chancy, but the company could increase its production given that the new company can produce at least 48000 barrel now.

The CEO, Duncan, is a robust and highly energetic man who makes the most out of tight situations given that he held negotiations for the merger despite the Hurricane destroying Houston. Also, the rebuilding of the Phoenix field after it was damaged by Hurricane Rita.

Today, Talos pumps up to 1600 barrels a day. Pompano platform is the utmost promising asset that Talos will acquire from Stone Energy. The existing infrastructure in the Gulf will create an opportunity for Talos to add discoveries into existing platforms several miles away. This will be as Duncan calls it the developed deepwater model. The Gulf I the second largest oil province in the country where pumping can be done to up to 1.6 million barrels a day which contributed about 3billion to the U.S treasury. This has led to the current federal government opening more waters to leasing.

His Facebook Page: https://www.facebook.com/talos.energy/