Talos Energy: The First Private Oil Well in Mexican History

For a long time, Bloomberg has made a milestone for the first time after almost 80 years; this privately operated company has sunk a new offshore oil well in the Mexican waters. This marks the most current achievement in the country’s plan to let foreign contenders back into its system of market energy.

A combined venture situated in London’s premier Oil Plc, the Houston Talos Energy LLC and Mexico’s Sierra Leone Oil and gas well, was opened for drilling on May 21 according to the statement made by Premier. This is the first offshore drilling well to be initiated by anyone apart from the state-run monopoly of Petroleos Mexicanos since the time the nation legalized its oil industry in 1938.

The drilling operations in Zama-1 located in the Sureste Basin off Tobasco State is approximated to contain 100million to 500million barrels of crude oil. The exercise is estimated to be done for at most 90 days to get completed at the cost of 16 million. Three companies which qualified the rights to the prospect of 2015, during the round one of the bidding when Mexico contested to start ailing oil industry to private investors.

Elaine Reynolds, a London based analyst, said “As the first non-Pemex well to be drilled since the opening up of Mexican waters as part of the country’s energy reform process, this well will be keenly watched by the industry,” a statement made in a note to the clients. The rock structure of the basin showed that that the project had a “high geological chance of success.”

Talon energy was co-founded by Duncan Tim, and his partners at the cost of $600million in equity from past backers, assets situated in the Gulf of Mexico were drilled more than 16,000 barrels of oil every day in 2010. The company had a staff of 60 plus professionals, field operators who worked along the Gulf coast increased the company’s employees to 120, from 15 headcounts when the company made a deal with private equity merchants-the Apollo Management and Riverstone Holdings.

Workplace Dynamics recognized Talos as the salubrious workplace among the local small business holdings, which Duncan says the honor wasn’t by offering work-hard, play-hard perks especially on Friday happy moments or even by on-site daycare activities.

 

Marc Sparks: Life should be treated as an Exclamation and not Explanation

People who have been around for long can tell you that one day your life will present itself before your eyes. They will also tell you that when it presents itself to you, make sure it’s worth looking at. When speaking about his life, Mark Sparks recently said that there is an experience that had changed his life and the one of his wife. He says that this is an experience that has taught him that life should be treated as an exclamation, unlike the common notion where people treat it as an explanation. Marc Sparks explains how he takes time off his schedule to drive to his ranch that is located in East Texas. He explains that he has an office there meaning that he can also work on the ranch. Learn more: http://thebrotalk.com/bro-recommendations/dallas-entrepreneur-marc-sparks-spills-must-visit-list-wineries-dfw/

 

Marc Sparks explains how he had to postpone his visit to the ranch by a day and decided to go on Saturday. He was travelling with his wife who was seated in the passenger’s seat. During the ride, Marc Sparks nearly hit a woman who was trying to cross the freeway on a busy Saturday morning. Marc Sparks was lucky as he did not hit the woman. However, the lady was not lucky as she was hit by an oncoming vehicle and died on the spot. Initially, Marc Sparks thought that the lady had been trying to commit suicide, but it later emerged that she had been trying to get to the other side to help a person who was in need. After the incident, Marc Sparks tried to understand the whole event. He asked himself why he was driving on the freeway at that moment. He also asked himself why the lady could not wait until the road had cleared. Lastly, he asked himself why the lady was hit by the next car and not him. Learn more: https://www.facebook.com/marc.sparks1

 

At the end of the day, Marc Sparks says that regardless of the tragedies we face in life, the good must prevail over the evil. He also says that we must try and live a life of purpose. Marc Sparks believes that life is precious and should be protected at all cost. Since he finished school, Marc Sparks has managed to be part of over 60 companies. Some of these companies include Timber Creek Capital and Splash Media. In the area of Texas, Marc Sparks is known for supporting children who cannot afford basic education. He helps these children by paying tuition for their education and offering them reading materials. The American Can! Foundation is one venture that Marc Spark is part of. He offers beneficiaries of this program laptops and iPads to enable them to pursue their education. He is also a supporter of the Habitat for Humanity where helps build homes for the homeless. Learn more: https://about.me/marc_sparks