Talos Energy has recently sung the first new offshore oil well in Mexican waters in 80 years. The move is the latest step in allowing foreign competitors back into its market. The combined team of Premier Oil Plc, Mexico’s Sierra Oil and Gas and Talos Energy LLC of Houston began drilling their well on May 21. It is the first offshore Mexican well to be started by anyone other than the state-run Petroleos Mexicanos monopoly since 1938.
Drilling is projected to take about 90 days to complete and about $16 million, paid for by Premier Oil. Due to Mexico’s ailing oil industry, bids were opened to private investment. Geologically speaking, the drilling has a high expectation of success.
Talos Energy is prospering and growing its business by leaps and bounds in the last year. It recently bought Helix Energy Solutions for $620 million dollars and is expected to make approximately $500 million in 2017.
Led by Tim Duncan and Ben Winkleman, the private oil company is popular with its employees and investors for the leaders’ apparent interest in making them money via the oil business. Tim Duncan originated at Gryphon Exploration, where he was encouraged to share his ideas. He, in turn, encourages his employees to exchange ideas and even share bad news and solutions to problems. As long as ideas add value to the company, they are welcome.
Michael Harding, the controller and chief accounting officer of Talos Energy because it offers a small company and the chance to accomplish a bigger job and make a more significant impact. He also enjoys getting to know all the geologist and engineers in the enterprise.
Whether seeking options of improving productivity, increasing safety measures or making more money, employee input is welcome in this privatized oil business venture. Everything the employees do and every policy put into place make a difference in improving the company.
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For sure, there is a lot to say when it comes to the mind, life and the value of his time, if there is to be talk of Bruce Bent II. But, the best way to get to understand the businessman and entrepreneur is through simple get to know information regarding a day in the life that he leads.
As far as the idea and vision for the business he is involved with goes, its origins start with Bent II’s father, his business partner Harry Brown and a money market mutual fund started 1970. The rest is history as they say, because their business plan and strategies grow into a multi-trillion industry venture. The benefit to the general public amounts into the billions.
Now that Bruce Bent II has his hand on the wheel, he loves the advantages that technological communication gives the businessmen today. There are so many cheap, if not free, methods of exchanging information that work can be done from just about anywhere, now a days in real time. This is perfect for the way he like to operate within a work day. Bent likes to keep things moving.
When it comes to getting results and seeing goals realized, he believes in team work and likes to bring people and ideas into the fold. This way, there is a collective pool of potential, talent and real-world practicality to pull from. Now, he does admit to having a bit of a stubborn side and is not in the habit of accepting “no” for an answer. There is nothing better for his work day and business dollar than a productive conversation.
Speaking hypothetically, if Bruce II knew then what he knows now, there would be a lot more diversification in his business portfolio. He believes in open communication and feels there is no specific reason needed to break the ice when proper and productive business conversation is involved. He is also not so hung up on pedigree and believes that solid merit is just as valuable as any earned degree. As a habit, he keeps the mantra “if at first you do not succeed, try again” in mind when working on projects.
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