It is unlikely that many grownups would decide to discuss job secrets in front of another person even if they are closely related. But nothing deters Talos Energy Chief Executive Officer Tim Duncan to discuss a high-profile deal from his mother’s dining table. On this, Tim later said, “I ensured that I made long calls each night to ensure that I am up to speed on what is happening on the deal.” The deal Tim was discussing later went through. He was negotiating how to acquire the ailing Stone Energy Corporation, which was at the brink of shutting down due to bankruptcy.
How Tim Got Himself in His Mother’s Dining
It was not Tim’s plan that he negotiates high-level deals from his mother’s dining. Circumstances had taken Tim Duncan’s whole family to stay with his mother for a few days in Texas’ higher apartment. A few days before Tim, his wife Christy, their six-old boy and their two dogs had fled their Kingwood, Texas apartment. Floods filled the streets of Kingwood, TX with water levels rising each day. Finally, roads were impassable and many homes stayed without power for several days. On the D-day, the Talos Energy CEO hoisted his wife, their son, and two dogs through the flooded streets. Fortunately, Mr. Duncan was able to order a private jet, which came to their rescue. But even before the jet arrived, the family had boarded a FEMA rescue boat from the flooded Kingwood, TX neighborhood.
The private took Tim and his family to Alabama. But the Alabama trip was short-lived. Remember, the family did not visit Alabama on holiday. The three had fled floods in their home. After staying in Alabama for a short while, Tim, Christy, their son, and 2 dogs flew back to Texas. This time the trip took the three and their two dogs to Patricia’s house. It is during their stay in Patricia’s house that Tim made several calls for long hours to finalize the Talos-Stone Energy merger.
Eventually, the deal went through and now Tim Duncan is the CEO of the rebranded Talo Energy, an oil company that has most of its assets based in the Gulf of Mexico. Talo collects $900 million in revenue each year.
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