The oil and natural gas industry is stronger than ever thanks to healthy demand from both existing and expanding transportation markets across the globe. One of the most up and coming oil and natural gas industries in the world right now is Talos Energy which has recently acquired Whistler Energy II. This will help add to their existing fleet of oil and natural gas reserves. Whistler Energy II is estimated to produce more than 1900 barrels of oil or oil equivalent per day and exceeding 690,000 barrels per year. This oil production is set to come from three separate reserves found in the Gulf Of Mexico. The acquisition was mutually beneficial for the two companies. Talos had recently gained rights to some seismic data that was recorded in the area of these three reserves which will allow them to better understand the full oil potential that each of the three areas contains. By maximizing the output in the Gulf, which is a relatively untapped resource basin compared to other more traditional oil and natural gas reserves, investors are able to see a better return on their investment which could help move future exploration forward.
This is not the first time Talos Energy has proved to be a valuable member in the oil and gas industry in the Gulf of Mexico. In fact, in June of 2017, Talos Energy was awarded the “Discovery Of The Year 2017” award for what is being called the Zama Oil Discovery in the Gulf of Mexico. This coveted award is designed to recognize both innovation and ingenuity in the oil and natural gas industry. This reserve is expected to pump out well over 2 million barrels of oil or oil equivalent throughout its useful lifetime. The award was voted on by more than 200 industry professionals with combined decades in experience. The oil and natural gas industry is constantly changing and requires agile companies like Talos Energy to constantly adapt to changing prices, markets and demand over time. Talos Energy was founded in 2012 by Timothy S. Duncan. It is publicly traded on the New York Stock Exchange under the ticker “TALO”. etc