Talos Energy Inc. said April 24 that Shannon “Shane” E. Young III will join Houston-based Talos as CFO next month, replacing Michael L. Harding II who has been with the offshore E&P company since its inception.
Young had previously served as Talos’ CFO from December 2014 to September 2015, before leaving to join Cobalt International Energy Inc. He most recently was with Sheridan Production Co. LLC where he has served as its vice president and CFO since 2016.
“We are excited to have Shane back as EVP and CFO,” Timothy S. Duncan, president and CEO of Talos, said in a statement on April 24. “I have known Shane for over 20 years and have always appreciated and admired his extensive background and knowledge of capital markets and his experience leading strategic transactions, both of which will be extremely valuable as we continue to grow Talos.”
Young’s appointment as executive vice president and CFO will take effect May 16.
Duncan added, “I’m also deeply appreciative of Mike [Harding] for his many contributions to Talos. He has been with us since the company’s inception, always answered when called upon and consistently performed admirably and professionally. Talos would not be where it is without Mike’s efforts and we are grateful that he is assisting the company with this transition.”
Harding, who currently serves as Talos’ executive vice president, CFO, chief accounting officer and treasurer, started off at Talos as chief accounting officer and controller in 2012.
During Harding’s tenure with the company, Talos has become a leviathan in the Gulf of Mexico (GoM), notably through its merger with Stone Energy which took Talos public when it closed in May 2018. Talos currently leases roughly 584,000 net acres in the U.S. GoM and also holds interest in blocks offshore Mexico, according to a recent investor presentation.
Talos said Harding will continue to serve as chief accounting officer on an interim basis for a mutually agreed period before his departure from the company for undisclosed reasons.
On April 24, Talos also announced the promotion of Sergio L. Maiworm Jr. to vice president of finance, investor relations and treasurer of the company. He previously served as director of finance and investor relations and has been with Talos since 2018.
Emily Patsy can be reached at epatsy@hartenergy.com.
Recommended Reading
Marketed: Sage Natural Resources 34 Well Package in Tarrant, Wise Counties, Texas
2024-02-02 - Sage Natural Resources retained EnergyNet for the sale of a 34 package (ORRI) in Tarrant and Wise counties, Texas.
Marketed: Foundation Energy 162 Well Package in Permian Basin
2024-04-12 - Foundation Energy Fund V-A has retained EnergyNet for the sale of a 162 Permian Basin opportunity well package in Eddy and Lea counties, New Mexico and Howard County, Texas.
Marketed: EnCore Permian Holdings 17 Asset Packages
2024-03-05 - EnCore Permian Holdings LP has retained EnergyNet for the sale of 17 asset packages available on EnergyNet's platform.
NOG Closes Utica Shale, Delaware Basin Acquisitions
2024-02-05 - Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
California Resources Corp., Aera Energy to Combine in $2.1B Merger
2024-02-07 - The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.