Talos Energy: Texan Oil and Gas Company

Posted on

In the state of Texas to of the largest energy providers just completed a merger last week. Talos Energy has now entered public markets after its acquisition of stone energy on 10 May. In addition, BP energy partners have decided to raise $475 million in a private equity fund.

There have been a number of significant moves by companies in the energy industry of Texas in the last month. A $6 billion merger was just closed with the Chicago Bridge and iron company that resulted in it being taken off of public markets. Over the last several years it has lost significant amounts of its market capitalization. It has two years left on a lease for its headquarters in Houston and plans to move into a new facility after the lease is terminated.

Talos Energy has just finished the final touches on its merger with Stone Energy Corporation. This acquisition has allowed the offshore exploration company to be sold on public markets. Talos Energy shareholders owned 63% of the company after the acquisition while stone shareholders carry the remaining 37%.

Talos Energy is a company that operates in the oil and gas industry. They primarily are involved in the exploration, development, and production of both oil and natural gas. These processes are typically focused in the Gulf Coast and the Gulf of Mexico. In 2012 the company was originally founded after a $600 million equity raise was completed by a fund management company. In 2017 Talos Energy was able to announce that the exploratory drilling had been able to uncover nearly 2 billion barrels worth of light crude oil. This represents a significant discovery by the corporation and promises to help propel it into the future for the next several years. As a result of this, it has been able to raise the funds it has needed in order to undergo such things as its recent acquisitions. To know more about the firm click here.


David Zalik: Authentic Experience

Posted on

In the throes of the financial industry exists a man whose name is David Zalik and who has conquered and pushed the boundaries that it takes to be at his level of success for anyone who aspires to become a mogul billionaire like the man who is the owner and the CEO of the GreenSky Credit Company. It is essentially a company that provides the liquify and the financial assistance and provision through loaning and crediting that individuals and companies need in order to strive for the long term. GreenSky Credit has earned a total of over three billion dollars through revenue streams and has been allocating a consistent yearly income of two hundred and fifty million dollars inside the pockets of David Zalik. He is the generation’s newest billionaire thus far and is seasoned in experience when it comes down to succeeding inside of the financial industry. From where he was born in the land of Israel he has honed in an unusually high capacity for learning at advanced stages in his life. For example, when David Zalik and his family moved from Israel and into the country of the USA he began ready mathematical textbooks instead of playing with toys like a normal kid, at the age of four years old to the age of thirteen years old. This enabled him to try at the college levels of education when David Zalik was only thirteen at the time and passed easily and effortlessly. His dad worked at Auburn College so that is the college that he went to. He would ride his bike into school and go home, but did not have a car. Because he was not of age to drive yet he still wanted a car because when he did become of age he wanted to date the older ladies in his college. This led and drove the young entrepreneur into building a computer company which brought in about nine hundred dollars in his pocket for every two thousand dollars  he sold in fixed computer equipment. This experience in the business has given him and edge in achieving above and beyond what other entrepreneurs are usually tasked with.

https://www.glassdoor.com/Reviews/Greensky-Reviews-E937061.htm

https://www.crunchbase.com/organization/greensky


The Ever Growing OSI Industries.

Posted on

OSI industry believes that their employees are the driving force of the company. OSI Industries, a privately-owned uk-based food processing and Distribution Company, is very well known for their dedication, Innovation, and commitment to their Workforce all over the globe.

On indeed’s website OSI Industries holds a 2.8 star rating with reviews saying such things as OSI Industries is a growing company with lots of upward Mobility, a Hidden Gem, OSI Industries is a discipline and well organized Company. With five out of the nine reviews containing a four-star rating.

OSI Industries recently expanded in Spain. In 2017 OSI Industries added a production line to its facility in Toledo, Spain. This new line has made it possible for OSI Industries to produce 2,400 tons of chicken products per year, increasing their product by 1,200 times a year. According to OSI Industries Spain managing director the demand for chicken had increased as much as 8% in 3 years. OSI industry believes that with this new product line they will be able to better meat that increase.

With this new product line they will also be able to expand clients and add new jobs. With being expected to have to add another 20 jobs to their already existing 140 Spain Workforce.

Just a few Months before expanding in Spain in December of 2016 OSI Industries bought a portion of Flagship Food Group. Flagship food group Europe specializes in Frozen poultry, pies, mayonnaise, dressings, sauces, and South vide. As well as a supplier of marinades, dips, sandwich fillings and sausage to the UK.

David McDonald, the Chief Executive Officer and president OSI Industries stated that OSI Industries was excited to broaden their presents in Europe and expand the company’s portfolio. OSI Industries buying Flagship food group Europe also widens their capabilities to serve the forever changing needs of their customers.

Also in 2016 OSI Industries bought a plant from Tyson Foods for 7.4 million dollars. It was estimated that when this plant shutdown Tyson Foods was going to have to lay off 480 workers by October of that year, but OSI was able to keep 250 employees by offering them employment with OSI Industries.

This 200,000 square foot plant was added to the other OSI Industries facilities in Chicago to help support the ever growing business of OSI Industries.

To Know More Click Here


Talos Energy to Win Big in the Mexican Oil Territory

Posted on

The Mexican government has been the sole player in the country’s oil trade. But, all is about to end now. Talos Energy, a private firm is shining in the industry. The results are after the government approval of foreign companies to take part in the trade.

Talos Energy is engaging in the partnership with Mexico Sierra Oil and Gas with Premier Oil Plc. The three firms are launching an offshore exploration. In the past, Petroleos Mexicanos, the state-run monopoly firm has been doing these operations since 1938.

The partnership between the three firms is very advantageous to them. They are now in a position to share the expenses and resources together. The companies brainstorm on various ideas ensuring all the ideas pass the different scrutiny levels at the boardroom. As such, the businesses only implement the best available alternative.

The cost of investment regarding time and resources is also very high. Drilling crude oil from the Zama-1 basin will consume more than $16 million. The drilling exercise will take the Talos Energy firm ninety days to complete. Once complete, the reservoir can produce 100 to 500 barrels of oil.

Tim Duncan is the chief financier of the project. He has contributed slightly over $600 million towards the entire exercise. With such a massive investment from a single investor, you can see how profitable the venture is.

In the growth plan, Talos Energy has acquired all the assets that the Gulf of Mexico owned. Before the takeover, Gulf of Mexico was producing over 16000 barrels of crude oil in a day. Alongside the assets, Talos energy also acquired the staff, pushing the employees of the firm to 120.

The Talos Energy LLC has received some awards for its role in running of small enterprises. Duncan, the CEO of firm advocates dedication and teamwork as the main reasons for success. The management feels that they have made the right investment in the staff they have. These include receptionists, geoscientists, and the general staff.

To Learn More : www.facebook.com/talos.energy/


Talos Energy Drills the First Oil well in Mexico in Over 80 Years

Posted on

Mexico nationalized its energy sector in 1938, a move that converted all petroleum reserves, facilities, and foreign oil companies operating within her territories into government owned entities. The decision ultimately brought the Mexican energy sector to its knees. However, in a rare change of heart, the country has decided to allow foreign companies back into her energy sector. Many international companies such as Premier Oil Plc, and Talos Energy LLC have welcomed the move by initiating their operations in Mexico.

Premier, London based and Talos, Houston based in conjunction with Mexico based Sierra Oil & Gas company , undertook to work together in drilling their first oil well, the Zama-1, in the Sureste Basin located in the state of Tabasco. The oil well will be the first to be owned by a private company in over 80 years. The well is estimated to hold crude oil in excess of 500 million barrels. The well is expected to be functional in three months’ time.

Analysts from many companies have welcomed the move by Mexico. Elaine Reynolds, an analyst at Edison Investment Research Limited, observed that the Zama well being the first non-Pemex well, would be monitored closely by all players in the industry. He further suggested that the project has a high chance of success owing to the structure of the basin around the well. Another analyst, Charlie Sharp referred to Zama as an interesting well because of the implications the well would have on the Mexican market.

Talos energy has witnessed unprecedented growth over the last few years. The company owns a 35% stake in the Zama well, and it has been tasked with the responsibility of managing the operations of the well. Talos recently acquired an oil and gas producing subsidiary of Helix Energy Solutions for $620 million. There have been talks of the company planning to make another major purchase at an estimated cost of over $500 million.

According to WorkplaceDynamics, Talos trounced its peers to emerge as the best workplace in 2013. Tim Duncan, the chief executive of Talos, notes that Talos employees are continually empowered to own part of the company. One of Talo’s employee, Ash Shepherd, was recently honored by Thirty Under 40.

http://www.talosenergyllc.com/news/Talos-Energy-Gears-Up-For-Plunge-In-Offshore-Mexico