Talos Energy is a group of companies which acts as an independent oil and gas company focused on offshore exploration and production in oil and gas drilling sector. It owns over 33,000 square miles of the state of 3D seismic. It owns gas drilling company and an oil drilling company which are like two bodies but work under the same wing with one management.
Talos energy started oil and gas drilling on the gulf coast of Mexico regions with a high emphasis on asset optimization. It has drilled oil for the last 80s years hence gaining its popularity in Mexico due to its high experience.
In July 2017, Talos oil and gas drillers as an operator together with the other ventures were pleased that they announced that they found a new well at Zama-1 exploration well i the offshore of Mexico they found oil which they were finishing the drilling by the end of July this year.
The Zama-1 is the first oil well in the history of Mexico to be explored and drilled by a private company which was Talos and Sierra and premier. The parties involved shares shore shares differently with premier holding the smallest percentage. In their analysis of the oil availability, Talos said that the oil is found at intervals of 1100 feet’s and the pay is much higher. In Zama-1 well the gross that was expected was around 1.4 to 2 billion.
Apollo global management, LLC is a private equity firm founded by Leon Black, a former banker at Drexel Burnham Lambert. The company leverages buyout transactions, and purchases distressed securities. Its headquarters is in New York, but it has another opening in other states.
Apollo and Talos oil had had a strong relationship as Apollo in conjunction with river stone were to invest over six hundred million dollars when the company was acquiring the gulf coast and the Gulf of Mexico regions. Both Apollo and river stone are two premier private equity investors with prior knowledge and expertise in natural resources over the years. According to the chief executive officer of Talos oil, they were much pleased to have been sponsored by the two companies in their oil drilling.