In Mexico, there has been a tradition for a number of years that kept outside companies from investing in it. This is true for the oil and gas industry especially, where they wante to keep the profits for the Mexican people. However, things change and with the current downturn in their economy they are having to resort to allowing outside investment once more.
This news came as quite a shock to a lot of people in the industry. The experts are saying that the new oil well should bring in 100 to 500 million barrels of crude oil, however. This is a large number by any stretch of the imagination and it brought a lot of bidding from various companies across the globe. The Tabasco drilling rig is being sunk this year and it will produce a lot of profit for the owners, if the experts have predicted it correctly.
There are three companies that came away with the win in a bidding battle that took place in 2015. They are Premier Oil, Sierra Oil and Gas, and Talos Energy out of Houston. The three companies will take turns operating the well, with Talos starting out. About a third of the profits will go to each company for their investment in the project, totaling millions for all sides.
Talos Energy is a Houston based company that was started in 2012 by two investors as a sub company of Phoenix Holdings. It was founded with $600 in equity. It is a vehicle to provide investors with a better return on their money, and is slated to offer returns that rival those of other investments in the space. It has grown rapidly in the last several years thanks to smart managing.
The employees behind the company adopt a work hard play hard attitude. This allows them to get a lot done while still having the perks they expect at work. For example, even the scientists and all staff members have a piece of the pie of Talos. The yearly revenue is divided among the profit and that is shared on a percentage basis with its employees, leading to innovation.
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