Mexican Energy Market Opened by Talos Energy, Others

In Houston, Texas, there’s an oil and gas company that is making history. Talos Energy is a private company that focuses on exploring and producing oil off the coast of the U.S. and now Mexico. The company was founded with $600 million in investor funding, and produces 16,000 barrels of oil a day. It has grown rapidly from 15 to 120 employees and learn more about Talos Energy.

The employee atmosphere is second to none, which management accounts for their rapid growth. Instead of simply salaries, the staff is paid on equity percentages as well. This means even the receptionists and geologists get a part of the profits. And when the revenues are averaging between 400 and $600 million per year and counting, you know there is good money to be had. In addition to the financial benefits of working with the company, the employees enjoy daycare on-site and other work-hard play-hard perks like happy hour on Friday and more information click here.

The company is breaking new ground in another way too, with its part in a venture taking place off the coast of Mexico’s Tabasco state. In the Sureste Basin, the first privatized oil rig has been sunk and drilling has begun in over 80 years. In 1938, Mexico nationalized its oil and gas industry to protect the profits for Mexicans. However, Pemex suffered from a poor oil and gas economy recently, and the country has decided to open the oil drilling back up to private and foreign companies.

The three companies that won the right, thanks to a bid in 2015, to participate in the project are Talos Energy, Premier Oil, and Sierra Oil and Gas. Talos, of course, is out of Houston. Premier is from London and Sierra is a Mexican company. Talos will be the primary operator, receiving 35% of profits, Premier will get 25%, and Sierra will claim 40% and Talos Energy’s lacrosse camp.

The new well is predicted to be a wild success thanks to its geology and location, according to industry experts. It could hold as much as 500 million barrels of oil. All of these factors make it exciting for anyone in the energy industry to pay attention to and its Facebook.

Other Reference: http://www.talosenergyllc.com/about-us/