Large oil and gas companies have a lot of advantages, the first of which would be a wide array of resources at their command. Large companies typically mean large money, meaning vast swaths of people and materials can be pointed at any project that’s such a company wishes to undertake. Disadvantages are abundant, too, however, especially when it comes to human resources. This is one area where Talos Energy shines, earning an award from Workplace Dynamics for having the best workplace in local small business.
Drawing on his experience as Senior Vice President of Business Development at the Phoenix Exploration Company, Tim Duncan has utilized the mid-level size of Talos Energy to leverage the best aspects of both large companies and small ones. Large enough to gobble up rivals and weild sizable resources, the company remains small enough to put its employees at the forefront.
Duncan, who started Talos Energy with two partners in 2012, had bosses and managers in early professional life which brought him up in environment which encouraged the speaking of his mind. The result was that he gained confidence, and saw the wisdom behind encouraging and listening to your employees. Workers then feel empowered and feel like they and management are going to “row the boat together”, as Duncan put it in an interview.
That openness extends to meetings, as well. Employees see their input add value to overall success of Talos Energy. It’s not limited to the bottom line, either. That value manifests itself as a higher level of safety practices and an increase in productivity. It goes back to the mid-level size of the company, as well: workers can see tangible results of their ideas which would get lost in an uber-large company. It promotes innovation and keeps ideas outside the box.
The only danger, considering the meteoric growth of the company over the last few years, and the acquisition of a considerable number of its Gulf of Mexico competitors, is the inevitable growth into one of those big companies. For Tim Duncan and Talos Energy, there are worse problems to have.
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