Stream Energy is an energy company headquartered in Dallas, Texas. They also serves Pennsylvania, New Jersey, Georgia, New York, Illinois, and Washington D.C. They have been in business since 2005. The company advanced efforts to Georgia during 2008. By 2010 they had advanced to the Northeast. The services they provide their customers include energy and gas.
Hurricane Harvey devastated Houston residents and businesses that were affected by the storm. Stream Energy made the decision to help aid the damage of Hurricane Harvey. Countless buildings and homes were flooded and were in need of repair. Stream Energy donated funds to help those affected by the hurricane. The company also preformed charity work to help those affected. They have their own philanthropy group called “Stream Cares.” Their organization is for the purpose of giving back to the community. They aim to give back across the United States, not just in Dallas, Texas.
They partnered with Hope Supply Co. following the effects of the storm. Their goal was to donate to the victims of Hurricane Harvey. The company has been involved in philanthropy since the begging of their foundation. Their goal is to be of assistance to the community and the neighboring cities. Often times when a corporation decides to dedicate a portion of their resources to philanthropy, there are usually some challenges associated. Stream Energy has been able to remain a reputable business and receive revenue, while providing the community with charitable services. By their charitable acts, they have received the loyalty and respect of the Dallas, Texas community.
According to statistics from 2016, corporate business in the United States donated a total of $19 billion. Stream Energy has business relations with organizations such as Habitat For Humanity and the Red Cross. The company’s business model is simple and condensed in order to remain in business while managing all efforts.
Talos Energy LLC is a publically traded firm that explores, develops, and produces oil and natural gas from its properties located in the Gulf of Mexico and along the Gulf Coast. They were established in Houston, Texas, in 2012 by entrepreneur Timothy Duncan who is the chief executive officer and president. The management team has decades of experience when it comes to exploring and recovering oil and natural gas from offshore sites using innovative techniques.
It was announced on August 16th that Talos Energy had acquired six deepwater and eight shallow water locations it was bidding on. The sale was held by the Bureau of Ocean Energy Management. The team at Talos Energy won all 14 bids it had placed which involves about 75,000 acres. In total, they paid $5.3 million for the right to these sites. They have a seven-year lease on two the deepwater sites and a five-year lease all of the remaining ones.
In other recent news, Talos Energy acquired another company in the oil and gas industry which was announced on September 4th. They acquired Whistler Energy II and the transaction was for $52 million. As part of this deal, $77 million in cash that Whistler had on hand for their surety bonds was released. This means that Talos Energy came out of this deal with an additional $31 million as well as $7 million that Whistler Energy II had when the acquisition was completed.
In July 2017, the team at Talos Energy made what is referred to as the Zama discovery. This discovery of a vast reserve of oil and natural gas was made in Mexico’s offshore waters. Because of this discovery, the Association of International Petroleum Negotiators awarded Talos Energy with their Discovery of the Year award. The Zama location was the first offshore exploration well in Mexican waters ever by a privately held firm. It holds somewhere between 1.4 and 2 billion barrels of oil which is in offshore waters that are 165 meters in depth.
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