Tim Duncan, the founder and chief executive officer of Talos Energy, has built a reputation for going against the conventional wisdom of industry experts to better the position of his company. This trait from Duncan was on full display recently when he successfully orchestrated a $2.5 billion merger between Talos and Stone Energy. Many industry insiders considered the move on the part of Duncan to be an overreach as Stone Energy, which was a company nearly as large as Talos, had recently filed for bankruptcy. But what interested Duncan about Stone energy the most was that the company’s status as a publicly traded company would provide Talos with the opportunity to go public without encumbering the expenses associated with a public offering.
The move was completed despite Tim Duncan and his family having to deal with the devastating effects of Hurricane Harvey during the last stages of the negotiations. Talos Energy obtain the public status it coveted and Duncan is now in command of a company that totals $900 million in annual revenue. Tim Duncan grew up in the small town of Egypt, Texas and all that know him agree that his high-energy style and penchant for rapid speech seems more fitting of a Manhattan attorney. Duncan began his career in the oil industry back in 1996 when he scored a position with Zilkha Energy.
This position allowed him an up-close view as Selim Zilkha used his foresight into the technological advances that would provide geologists with an increased ability to look into rocks laden with oil as far as six feet underground to build his company to the point he was able to sell it for $1.2 billion in 1997. The lessons of charting one’s own course and using innovative methods to beat competitors to the finish line that were learned while working at Zilkha were not lost on Tim Duncan and he has used these developed traits to quiet the mouth of naysayers time and time again throughout his career.
About Talos Energy
Talos Energy was founded by Tim Duncan in 2012 and is an independent oil and gas company that concentrates its efforts on the development of deepwater assets located in the Gulf Region.