Talos Energy Shares in Historic Oil Discovery Off Shores of Mexico

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Posted by omeditors | Posted in Business, Industry | Posted on 26-11-2017

It’s being called a historic discovery of new oil in the Gulf of Mexico. A well called ZAMA-1 made history recently for a variety of reasons, not the least of which is that it’s the first well sunk by private industry and foreign competitors in waters owned by Mexico in some 80 years.

Mexico has not allowed private well-drilling projects since that country nationalized its oil industry more than eight decades ago. But Mexico is determined to jump-start economic development and boost its world standing as a major energy producer. It enacted reforms that opened up its potential oil resources to private exploration.

In May of 2017, three companies were awarded a contract to drill for oil in a location off the coast of the Mexican state of Tobasco. The companies participating in the project are Talos Energy, London’s Premier Oil and Mexico’s Sierra gas & Oil.

It was expected that this location in the Sureste Basin might hold up to 500 million barrels of crude, but after drilling was completed, the find is almost certainly holding at least one billion barrels of oil, and may be as large as two billion barrels.

Talos Energy LLC is an oil exploration company based in Houston, Texas. The company was founded in 2012 by Timothy Duncan who raised some $600 million in start-up capital. Talos focuses on the Gulf Coast and Gulf of Mexico in its exploration efforts.

Talos will be the operator of the ZAMA-1 well, and has a 35% share in the project. Sierra Oil holds 40% and Premier Oil is in for a 25% share.

This major discovery of new Gulf oil shows that small, nimble, innovative and efficient oil production companies such as Talos Energy can be significant players in the global quest for energy.

Things You Probably Didn’t Know About Todd Lubar

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Posted by omeditors | Posted in Industry | Posted on 02-02-2017

By digging shallowly into Todd’s career history, you will agree that he is a successful business person acknowledged for his great achievements as well as continued contributions to the business industry. Born in New Jersey, Lubar attended Sidewell Friends School based in Washington for his primary school studies. Upon completion, he joined Peddie School where he graduated before being admitted to Syracuse University. Todd Lubar graduated from the University with a B.A in speech communication.

Todd’s passion for mortgage industry can be traced back to his early ages based on his previous accomplishments. Upon graduation, Todd joined Crestar Mortgage Corporation where he served for about four years before moving into Legacy Financial Group. In Legacy, Todd was charged with monitoring their production unit in their Maryland office. Under his supervision, the office recorded several 100 million dollars production units which were more than expected.

Todd’s efforts and hard work would never go unrecognized. In 2005, Charter Funding approached him with a job offer due to his achievements with the previous firms. Todd accepted the job and began serving as the senior VP. He worked with the company in Arizona until 2007. Besides, over and over again, Todd has been recognized among the top 25 mortgage originators in his country.

In between 2007 and 2008, Todd’s place of work was experiencing some restructuring. The new structures saw the successful business person being involved with other business lines which he says are behind his current ability. Through engagements with industries such as the commercial demolitions, Todd gained the knowledge necessary when obtaining large contracts from well-established contractors. Also, his engagements with the recycling industry boosted his experience required while carrying out trades in the public marketplaces.

All in all, Todd Lubar is a committed family man and happens to be blessed with two lovely children, a boy, and a girl. The beautiful family can explain where Todd is usually at when not in the office working. The successful business person says that family outings contribute much in modeling him to a better person. Also, these particular outings mold his important character which pleases everyone that he gets close to.