Stream Energy Cares About its Community

Stream Energy never fails to jump in and help out when they can. They have used money that they have acquired from its successful business sales to invest in helping others. Corporate philanthropy is a big part of their philosophy, and they recently launched their “Stream Cares” foundation to reach out to those in need. When Hurricane Harvey struck in Texas, they used their resources to help those who had lost everything, including their hope.

Stream Energy is just one of many examples of corporate companies with a heart and America overall is very generous and giving. In 2016 alone, nearly $19 billion was donated to charities in America as well as in other countries. However, according to WalletHub, Texas is one of the least generous states so this is a good way to get the ball rolling.

Stream Energy has partnered with Hope Supply Company, and together they have covered the entrance fee and meal costs for over 1,000 homeless children in Dallas with the annual Splash for Hope. Hope Supply Co. provides essentials such as diapers, clothing, school supplies, and more to homeless children in the Dallas area.

Stream Energy is all about helping others, and they also support the veterans and their families in the Dallas-area. With Operation Once in a Lifetime, Stream Energy provides financial and moral support to the veterans and hosts a December meal fit for a king at a high-end Texas restaurant. They also co-host the American Girl Doll Experience for ten lucky daughters of military members.

Stream Energy loves their community and is doing all that it can to lift Dallas up through passion, generosity, and by helping the disadvantaged and less fortunate. Philanthropy and leadership play a very big role in the business of the company, and they’re aware of the problems that plagues the Dallas area such as homelessness. Instead of turning a blind eye, the company has decided to make a difference in the lives of those who need the most help. Homelessness has increased by 24% in Dallas, and Stream associates are always looking for ways to help.

Talos Energy Has Been Busy Exploring And Bolstering Company Fundamentals

Talos Energy of Houston is making aggressive moves to buy up exploration blocks in the Gulf of Mexico. A block represents 75,000 acres on the ocean floor. In August, Talos said it would pay $5.3 million for 14 such blocks. Eight of them are shallow water blocks and six are deep water.

The sites are leased by the Bureau of Ocean Energy Management, a subgroup within the United States Department of the Interior.

Talos Energy President and Chief Executive Officer Timothy Duncan said these lease purchases are an attempt to expand his company’s inventory in locations near its production facilities. It’s all part of an extremely ambitious effort to ramp up the activities of this young company founded in 2012.

Since then, Talos Energy has become a publicly traded entity appearing as TALO on the New York Stock Exchange. Among other factors, it was the recent Talos merger with Stone Energy company of Louisiana that helped leverage its birth into public company status.

Talso also recently acquired Whistler Energy II for $52 million. As part of the deal, Talos negotiated the release of $77 million in cash collateral that secured Whistler surety bonds. Talos Energy gained $33 million and the seller took $46 million. But Talos also benefited from an $7 million cash balance at Whistler which was available for use. All in all, the net cash benefit to Talos rounded out at $14 million.

Whistler’s assets also included daily production of 1,900 barrels per day.

In addition to bolstering its cash and infrastructure profile with the Big Stone and Whistler deals, Talos Energy has been moving forward with drilling projects in Gulf of Mexico. One of the most exciting is the ZAMA-1 well dropped in Mexican territorial waters last year. The project was handles in cooperation with Pemex and two other partners.

The ZAMA well appears to be an extremely significant find. It may hold as much as two billion barrels of oil equivalent. Talos Energy recently entered into an agreement with Mexican officials to drill in the block adjacent to ZAMA where there is a high likelihood more oil reserves will be found.

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