Talos Merges with Whistler Energy

Talos Energy helps manages many oil rigs and other energy assets operating in the Gulf of Mexico. Whistler Energy does this as well. Talos Energy recently announced the acquisition of the Whistler Energy in a PR Newswire press release. The $52 million dollar deal took place earlier this year.

The latter company owns assets that produce the equivalent of 1,900 barrels of oil equivalent per day. Assets in this case refers to the rigs and the equipment on the rigs. It also refers to the transportation equipment the company owns to get people to and from the rigs. It does not necessarily refer to the cranes and the ships used to place the equipment on the rigs or the rigs themselves.

The merged company will be able to better explore and exploit the energy resources in the Gulf of Mexico. Talos Energy was also named one of the top 50 places to work in the United States, and its employees helped it earned this distinction. Corporate executives and management looked for feedback on how to make it a better place to work. It carefully implemented these suggestions and greatly improved the company’s working conditions.

The newly merged company plans to work hard to meet all the needs of the company’s stake holders. Stock prices of the two companies remained unchanged after news of the merger. Both companies remain steady and look forward to the upcoming exciting time for both the new company and the oil and natural gas energy industry.

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