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Talos Energy Making Moves

Major changes are coming to the Mexican oil industry. A market that was once barren of any foreign investment and competition, is now allowing a private well to be drilled by a joint venture of, London-based Premier Oil, Houston’s Talos Energy, and Mexico’s Sierra Oil & Gas. This marks the first time in over 80 years that a foreign based entity will be drilling in Mexican waters.

One of the three companies in the joint vesture, Talos Energy, is a Houston based oil company, which was formed recently by investor Tim Duncan and his business partners. Talos Energy has over half a billion dollars in equity from previous financial bakers and has grown tremendously over the past couple of years.

Talos Energy recently has purchased Helix Energy Solutions, and is looking to make more moves in the future. The large growth can be attributed to a variety of factors, but many point towards leader Tim Duncan, who has created an open atmosphere in the workplace and offers many employee perks, despite being in the middle ground in terms of compensation.

Along with London-based Premier Oil, and Mexican-based Sierra Oil & Gas, Talos Energy will be drilling well named Zama-1, which is located in the Sureste Basin off the coast of the Mexican state of Tabasco. This well holds an estimated 100 million to 500 million barrels of oil. Talos Energy is the operator of the well, Zama-1, which holds 35% of the stake. Premier Oil holds the lowest stake in Zama-1, with only 25%, while Sierra Oil & Gas holds the majority of the stake, at 40%.

The feasibility of large oil production has garnered excitement in the global oil community, and has potentially opened the door for future drilling in Mexican waters by foreign companies and joint ventures. Simply put, Elaine Reynolds, an analyst for London-based Edison Investment Research ltd. stated, “As the first non-Pemex well to be drilled since the opening up of Mexican waters as a part of the country’s energy reform process, this well will be keenly watched by the industry.”

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My Wife Consolidated Our Retirement Accounts At Laidlaw & Company

My wife and I am teachers in the same school system, and she has long wished for a better retirement plan. We plan to retire at the same time, and she emailed me when she found Laidlaw & Company. I was told of a phone call with principals Matthew Eitner and James Ahern, and I have been brought into the loop of our new retirement accounts.

U.S. Federal Court Issues Temporary Restraining Order Against Laidlaw & Company And Its Principals Matthew Eitner And James Ahern

#1: Consolidating Was Easy

We signed our power of attorney to move our accounts to Laidlaw, and both accounts were split up for proper investing. I could not have chosen the investments myself, and my wife was more than happy to add her own ideas about investing. We have spoken with our broker several times over the past few months, and we are still searching for a method that suits our situation.

#2: We Are Still Deciding On The Plan

I am not an investment expert at all, and I prefer to speak to our broker if there is a question. My wife can be a bit more bull-headed about our investments, but a simple conference call typically solves all our problems.

#3: We Set Our Own Timetable

I felt quite good about setting our own timetable for retirement. We told James Ahern the exact date we planned to retire, and he produced a schedule that indicates our retirement date along with the money we should have raised by then. I feel much better seeing a true financial plan, and my wife often adjusts the plan with our broker.

The Laidlaw team is quite helpful as we plan our retirement, and I full much more secure due to their care given to our accounts. I see the quarterly reports come into our inbox every few months, and I must say that I like what I see.