Talos Energy, Premier Oil, and Sierra Oil & Gas have all teamed up for a joint venture in oil welling in the Gulf Of Mexico. The area is called the Zama-1 Well and is said to contain approximately 100 million to 500 million barrels of crude oil. Normally, Mexico has a state run monopoly on oil fracking within the country, but they are tying to open their doors to allow foreign markets to frack for oil as well. With an increase in competition among oil sellers, the country could be seeing a lot more oil revenue in the coming years.
Talos Energy is a very successful oil fracking company. There main location is in Houston, Texas, but of course they send there people all around the country. Right now, there main focus is on oil found in the Gulf of Mexico and around the Gulf Coast. These two hotspots are expected to bring in a ton of revenue within the coming months. Talos Energy was recently recognized as best small business due to the fact that they give every employee equity in the company. This means that no matter what position someone holds, they want the same successful outcome as anyone else. This is one reason why the oil company has held onto so much success.
Talos is the very first oil company allowed to work in Mexican territories since 1938. Ash Shepherd was the man responsible for this huge contract. Shepherd was put in charge when Talos Energy decided to expand their company on an international level. As of right now, they are looking to expand their company even further. Talos recently gained a hold of Helix Energy Solutions for $620 million and are looking to buy again. They are expected to earn around $475 million to $500 million in there Golf Coast venture, so they will have plenty of money to do so.