In the world of Mexican oil and gas, it has been over 80 years since an outside company could come and invest in their oil drilling, whether it was on land or at sea. The policy was in place for a long time to ensure that the people of the country got as much of the proceeds as possible from the companies that operate there.
However, this all changed in 2015. A few years after Mexico had a rough economy, they used their knowledge to open up the gates again to foreign money. This way, they would use a bidding system to extract maximum value from the project. The idea worked, and it is helping to pull Mexico out of their issues of the past back into the future of oil.
Talos Energy, Premier Oil, and Sierra Oil and Gas are the three companies that are using the well and have the rights to it. Sierra is a Mexican firm and will have the most percentage of ownership, with the other half being almost evenly split between Premier, out of London, and Talos, out of Houston. It is the first of this kind of partnership between the three companies, leading industry experts and competitors to watch closely in anticipation of this historic event.
Talos Energy is a Houston based oil and gas company. They explore, exploit, and produce crude oil and other natural resource products. They focus on the region on the Gulf of Mexico and the Mexican coast, bringing up about 16,000 barrels of oil per day. They have over 120 employees. They started with millions of dollars in equity backed funding. Their parent company is Phoenix Holdings. Recently, the firm reached $475 million in revenue for the year and acquired Helix Energy Solutions for $600 million.
The growth that Talos has seen over the years is a sign of the rapid management growth as well. They have used their investment experience to provide unique ways of solving problems and bringing value to the company. For example, employees are motivated to perform better with the use of perks and profit sharing compensation packages.
Learn More : https://www.crunchbase.com/organization/talos-energy