Category Archives: Energy

Stream Energy: Giving Back to the People of Texas Through Stream Cares

Stream Energy, based in Dallas, Texas, is an example of a company that is taking customer care to a different level. The company was established in the early 2000s by two visionary men who wanted to provide affordable energy to the community. Because of the cheap and reliable energy that they market, the company gained a lot of customers. They also branched out their services to provide not just energy, but also wireless connections and other related products. The company saw an opportunity to expand after they have been granted permission by the state of Texas to operate outside its borders. The company quickly engaged in a partnership with other businesses especially in the northeast, where affordable energy is in demand. The company was able to set foot on New England and started to service the states one after another, with Delaware becoming their most recent client. Stream Energy continues to expand and provide affordable energy to people who could no longer pay their previous surging bills. They look into Stream Energy as a reliable alternative, and their efficiency in operations allowed them to gain more customers than they could ever imagine.

Stream Energy also launched Stream Cares recently, to go with their passion of providing world-class services to the people. Stream Cares was established in 2017, as their answer to the growing calls for help from many people who were affected by Hurricane Harvey. The destruction caused by the hurricane was apocalyptic, and the damages were estimated to reach up to $120 billion or more. People who survived were taken to evacuation shelters, where they were given first aid, food, and water. To help the survivors, Stream Energy stepped up and provided money to the American Red Cross, ordering them to use it to buy supplies.

Stream Energy, through Stream Cares, showed the people of Texas how a company like them would mobilize their departments to make sure that the people are being taken care of. The company is grateful that the people of Texas have supported them through the years, allowing them to expand their operations. The management says that it is the time for them to give back.

Talos Energy On The Move With Expansion Plans

Talos Energy is one of the fastest growing exploration and production companies in the energy sector. CEO Tim Duncan heads the company. Under his leadership, this company has made significant growth in a very short time. From a little-known company, Talos is today one of the companies which are acquiring other players in the industry. Since the acquisition of Stone Energy Corporation, Talos Energy has made other significant acquisitions. Recently, it declared its intention to acquire Whistler Energy II. This comes in the backdrop of a major development where the company announced that it had discovered massive oil deposits in its Zama-one field. This discovery has put the company on the perfect path towards its expected growth going into the future.

The acquisition of Zama-one project came after the government of Mexico introduced amendments to a law that had previously barred private companies from engaging in oil exploration and production activities in the Gulf of Mexico. This industry has for a long time been nationalized, and only public companies under the government of Mexico were allowed to engage in these operations. After the change to this law, Talos Energy is one of the companies that moved with speed to acquire some space in Gulf of Mexico. While other companies feared that they might make losses since the fate of the fields were not known, Talos under the management of Tim Duncan took the risk.

In 2017 the risk by Talos Energy finally paid off after the massive oil deposits that were discovered in this field. Talos Energy is focused on capitalizing on available emerging opportunities to boost its growth plan. Although it remains unknown how large production capacity of Zama-one field will be, it is expected that it will rival Discoveries, a field that produces about 100,000 barrels per day. Tim Duncan exudes confidence that the company will be making huge strides towards the accomplishment of its goals since it is already achieving more than their expectations.

In September 2018, Talos Energy announced that the National Hydrocarbons Commission of Mexico had approved Zama-one discovery appraisal program. This appraisal means that Talos now has the right to engage in further discoveries.

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Talos Energy And Stone Energy Corp, Merge To Create Talos Energy Inc.

The success of any productive and futuristic company depends on the strategic decisions that the company makes. Top among these decisions include when to merge and who to merge with. Mergers are common in business because they not only enhance the ease of doing business but also create more opportunities for growth.

This is especially true in the energy industry, where competition for resources largely outweighs the supply. As such, mergers are common; as more companies seek to join camps other than competing for the scarce energy sources. The latest merger being between Talos Energy, LLC and Stone Energy Corporation.

Details about the merger

Following the $1.9 billion deal that was recently completed, Talos Energy, LLC is now Talos Energy, Inc. and has its headquarters in Huston, Texas and additional staff in Lafayette and New Orleans. The merger between Talos and Stone Energy Corp will go a long way in building a growth-oriented company that will fully utilize its capacity in the exploration and production of energy. The merger also installs more stable leadership at the top with a combined representation in the Board of Directors that has six members from Talos and four from Stone Energy. Timothy S. Duncan, CEO of Talos Energy is also retained as the CEO of the newly formed Talos Energy, Inc.

More about Talos Energy Merger

Following the merger, Talos trades on the New York Stock Exchange under ticker symbol TALO. Stakeholders of Talos received common shares to the tune of $34.2 million due to their 63% stake in the new company, while shareholders of Stone Energy were renumerated for the other 37%. Due to the all-stock transition the new Talos Energy, Inc has a market value of about $2.5 billion, a situation that Stone’s Interim CEO, James M. Trimble, says will contribute to their success in the markets.

Not only will the newly formed Talos have an edge in terms of market value, but the company will also benefit from a large pool of talented managers. This is according to Stone’s Chairman, Neal P. Goldman, who adds that Talos Energy Inc will now maximize on its combined market share.

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