Talos Energy And Stone Corporations Merge To Form A Stronger Oil Exploration Company
Talos Energy Company is one of the largest organizations working in the oil exploration and production industry. The company has been operating at the Gulf of Mexico and other coastline regions, where it has been looking forward to extracting oil for commercial purposes. Recent reports emerging from the mainstream media houses indicate that there is a potential merger between Talos Energy and Stone Corporations. The two companies want to join hands so that they can conduct joint exploration activities.
This is a placeholder account for Talos Energy LLC in Houston, Texas. Questions about the company should be directed to 713-328-3000.
— talosenergy (@talosenergyllc) February 12, 2013
It has been reported that the board of directors of the two organizations has agreed that the companies should combine on a similar ratio, which means that no company will be required to part with money to compensate the other partner on the merger process. In fact, the two companies, Talos Energy and Stone Energy Corporation will continue to operate in the stock market as single entities.
However, few details need to be streamlined before the two energy organizations can start operating as a single entity. The board of directors at Stone Corporations need to convince its shareholders that it is the best interests of the organization to merge with another organization that is operating in energy industry. On the other hand, Talos Energy does not have to convince any person about the merger process because it is a private organization.
The leadership of the new merger is expected to change, with the Chief Executive Officer of Talos Energy expected to take control of the leadership of the new alliance. However, members of the Stone Corporation will also take influential positions in the operations of the new merger. The new board of directors will have some members from Talos Energy and some from Stone Corporations.
Although it is not clear why the two organizations are merging, it is apparent that they want to create a strong oil exploration and production company that can withstand competition from other organizations in the same industry. Talos Energy and Stone Corporations will undoubtedly form a dream team that can withstand competition from any other organization out there. Moreover, both oil exploration and production entities have sufficient funds to expand their activities.
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