Talos Energy has been shaking things up in the Oil and Gas Industry, being awarded the coveted Discovery award along with the being named the best place to work by Workplace Dynamics. Although Talo’s doesn’t offer the most lucrative compensation packages to its employees, they put a piece of the company’s equity in the hands of their Geoscientists, Receptionists and other employees. The risks are burdened by management while the profits are shared with the talent that makes what the company does possible. The Discovery Award is only given to those companies who make monumental discoveries in new and potentially lucrative technologies related to Natural Energy.
The Discovery award was issued earlier this year by the Association of International Petroleum Negotiators during the 2018 International Petroleum Summit in London. The Zama-1 discovery well was the driving force behind the award. Boasting the fact that it is the first offshore exploration well drilled by the private sector in Mexico’s history, it is expected to provide between 1.4 and 2.0 billion barrels of oil. The water depth at the drill site was approximately 165 meters; the Zama-1 discovery well represents a unique combination of outstanding reserves for a relatively low capital investment. This award was given to Talos Energy after careful consideration by the Association of International Petroleum Negotiators.
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— talosenergy (@talosenergyllc) February 12, 2013
Offering a piece of the equity pie to employees is another way Talos Energy is setting themselves apart from their competition. Many of Talos Energy’s retired employees are being lured back to drill one more well by promises of a stake in the company’s equity and the work environment Talos Energy provides to its employees. As Michael Hardning, the Chief Accounting Officer and Controller at Talos Energy claimed, “A smaller company offers a bigger job and also provides Chief Executives with the capability of knowing all of the engineers and geologist at the company realizing how much of an impact everyone has on the overall success of the company.
Winning the Discovery award and being nationally recognized by Workplace Dynamics as the best places to work amongst local small businesses are both sure signs of Talos Energy future success within the oil and gas industry.