The oil industry is vital to the state of Texas. Thousands of people have jobs due to oil companies that are located in the area. Talos Energy is a small oil and gas company located in Houston. The company was started in 2012 after the founder acquired a considerable investment from several venture capital firms.

In 2014, oil prices crashed. At one time, oil prices fell below $30 per barrel. Talos Energy struggled to survive during this time. However, the company was able to cut costs to stay profitable.

Acquiring Whistler

Whistler Energy is a small company with innovative technology. Whistler Energy was founded around the same time as Talos Energy. In 2017, the leaders of Talos Energy decided to purchase Whistler Energy for an undisclosed amount. There are multiple reasons why Talos Energy bought another company.

As oil prices rise, many companies have higher profits. Talos Energy used both cash and debt to complete the purchase.

Drilling Technology

The leaders of Talos Energy are committed to using the best technology when drilling for oil. There are multiple advantages to using the latest technology during the process. Not only are the newest drilling techniques better for the environment, but the drills are also less expensive.

Talos Energy recently discovered a massive oil reserve in the Gulf of Mexico. The new oil reserve could generate billions of barrels of oil in the coming years. Although Talos Energy faces several challenges, it is a thriving company with a bright future.

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