Talos Energy is Among the First Three Private Oil and Gas Drilling Companies to Drill Oil in Mexico

Competition within the energy market in Mexico is expected to escalate to all-time high levels after the 80-years absence of private firms came to an end in May this year. Talos Energy LLC, Sierra Oil & Gas, and Premier Oil Plc from USA, Mexico, and England respectively are among the private companies to ignite competition with Petroleos Mexicanos- a state-owned oil drilling company. The three private companies will be drilling the Zama-1 well, marking not only the entry of the private companies in Mexico’s oil drilling industry but also the entrance of foreign companies. This is a huge step towards the privatization law that was passed a couple of years ago, bringing the curtains down for Petroles Mexicanos monopoly that started way back in 1938.

Zama-1 well falls within the state of Tabasco and in the popular Sureste Basin. Earlier estimations showed that the well could produce up to a half billion barrels of crude oil, with the minimum number set at 100 million barrels. Sources within the three drilling companies revealed that the drilling process would consume not less than $16 million and would take three months to complete. As the pioneers of the Mexican oil reforms, the three oil companies carry the burden of marketing Mexico’s oil industry globally.

Estimated Success Rate

According to Elaine Reynolds, an investments analyst from London’s Edison Investment Research Ltd., investors from across the world will be keenly following the drilling process at Zama-1 well. Another analyst, Mr. Charlie Sharp from Canaccord Genuity Ltd., argued that Zama could be the most interesting piece of business that is yet to be seen in Mexico’s oilfields. In his assessment, the well will be having a far-reaching implication on Mexico’s economy. On a geological point of view, the well will be starting with one foot in the front particularly because of the strategic positioning of the Sureste Basin.

About Talos

Talos Energy LLC is one of the largest oil and gas drilling companies in the United States. With its headquarters based in Houston, USA, the firm mainly operates in the Gulf Coast and the Gulf of Mexico.

Among the key shareholders of the Apollo Global Management, LLC and Riverstone Holdings LLC. The company recently acquired the Energy Resource Technology GOM, Inc in a move to expanding its infrastructure and expertise.

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Agora Financial Makes the Investing Process Simpler

Finding time to invest can be difficult. There are a lot of people that are going to look for an opportunity to make investments, but they may not always have the literature that they need to complete the process. The good thing about investing is that there are always information sources that people can get plugged into to help them make better decisions.

Agora Financial is one such company that has access to these types of financial literature documents. Agora Financial is the company that people have started to check out when they want financial literature that is easy to comprehend. This is a company that has financial experts that can give people a better sense of what they should start looking for.

Agora Financial is one of the best when it comes to financial literature. This is the company that people know quite well because it provides a wide range of options for investors to indulge in. People that want to keep tabs on the stock market can get informed through Agora Financial. Others that are trying to see the trends for mutual funds and annuities can also get information. Agora Financial helps people see a lot of different alternatives for long term and short-term Investments.

This company has the right people in place to get the tricks of the trade when it comes to investing. Agora financial helps people that may have never assumed that they could find anything worthwhile to invest in. Investors have a better outlook on investment opportunities when they try Agora Financial for their financial literature. This company has a wide range of publications that are up-to-date with timely information. No investor can afford to overlook what these experts from Agora Financial have to say about the market.Their knowledge is vital to new investors.

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Freedom Debt Relief Reviews – Reviews of the Top Debt Relief Companies

How do you know who is legitimate? What are the standard fees? What types of debt assistance are available? We have compiled a list of the must look for information when seeking out a legitimate debt relief companies and have created Debt Relief Reviews of the Top Debt Relief Companies.

First off you will need to look into how long the debt reduction company has been operating. Due to the recent state of the economic hundreds of new credit card debt companies are popping up every day. It is important that you go with a company who has been in business at least 2-3 years. Most debt reduction programs take 2-3 years to finish. If you go with a company who has only been in business a year or less the chances of them having clients who have graduated and completed the program are very slim.

Secondly, you need to make sure that they are licensed in your state to be able to assist you. Every state has different guidelines for how long you can be in a debt reduction program. Most companies can work in a total of 35 states. There are a few companies that can work in every state because they are backed by actual attorneys in your state. If possible I recommend that you work with a company who is backed by a legal team. For some reason attorneys always seem to get the job done a little quicker and are often more effective when dealing with your creditors.

You will also need to take into consideration the fees in which the debt assistance company will charge you for the service. The standard fee is around $100-$200 enrollment and some form of monthly fee. Depending on what debt reduction program you choose or qualify for will also determine the type of fees you will be charged.

There are three main forms of debt reduction programs available to the public. You have a Debt Settlement Program, Debt Management Program, and Debt Consolidation. Each of them has a different twist to them, and each of them are viable options. To determine what program makes the most sense to you we recommend that you speak with a debt reduction specialist to have them explain the programs. Almost all debt relief companies offer an initial free consultation.

Top 3 Debt Relief Company Reviews

#1. Impact Debt Relief – due to there customer service awards, ability to work in all states, along with the fact that they have some of the lowest fees and are backed by a law firm.

#2. Eagle One Debt Settlement – Eagle One Debt Settlement takes our #2 spot. They have a great record in the industry and are an ideal company to use if you have $15,000 or less in credit card debt. There focus and forte is working on smaller accounts.

#3. Freedom Debt Relief – Freedom Debt Relief takes our #3 spot. Pretty solid company. They have been in the industry for quite some time. They had complaints against them, but their customer service quality still makes them a good, viable choice.

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Talos Energy Gaining Ground in the Gulf of Mexico with the Management of the Zama Well

August 11, 2014, marked a new dawn for Mexico as President Peña Nieto signed into law a comprehensive energy reform. The new rules governing the Mexico’s energy sector favor foreign investors in the sector, unlike the 1938 regulations that banished foreign investors. A year later, international companies including Britain’s Premier Oil and America’s Talos Energy won rights to prospect for oil in the Gulf of Mexico.

The two international energy companies alongside Mexico’s Sierra Oil & Gas are working together to drill the first non-Pemex oil well in almost 80 years, the Zama-1. The oil well according to Premier oil contains between 100 million to 500 million barrels of unrefined oil. The statement issued by Premier in Mid-May, 2017, went on to suggest that once drilling, which was scheduled to commence on May 21, begins, it would take about 90 days to reach completion. Premier owns a 25 percent stake in the venture, and at the start of drilling, the London based company contributed $16 million to jump-start the drilling works.

Once the news about the Zama Well hit the headlines across the globe, analysts, investors, and other interested parties became interested in the goings-on in the Mexico oil sector. Investment analysts such as Charlie Sharp and Elaine Reynolds shared the same sentiments that the Zama Well, if successful, would alter Mexico’s dwindling fortunes in oil sector. Reynolds is an analyst at Edison Investment Research while Sharp is an analyst at Canaccord Genuity.

Houston-based Talos Energy owns a 35 percent stake in the joint venture. The private company was established in 2012 to focus solely on the Gulf of Mexico and Gulf Coast. The company which is backed by investment funds from Riverstone Holdings LLC and Apollo Global Management explores or acquires oil and gas properties in the mentioned areas.

In an interest to cement its presence in the Gulf of Mexico, Talos Energy through its subsidiary Talos Production LLC acquired Energy Resource Technology GOM, an oil and gas subsidiary of Helix Energy Solutions Group for a whopping $620 million. The transaction took place in 2013. The Zama Well is the beginning of Talos Energy’s reins in the Gulf of Mexico.

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