Talos Energy And Its Major Merger With Stone Energy

Talos Energy is a Houston offshore gas and oil producer. It is currently a public company following the closure of its almost $2 billion Thursday merger with Louisiana’s Stone Energy. The Talos Energy Company is headed by Tim Duncan, who is the Talos’ Chief Executive. It was initially formed six years ago in order to focus on the Gulf of Mexico. This was to be facilitated with the financial assistance from significant equity firms like Riverstone Holdings and Apollo Global Management. The idea behind Talos being financed by major private equity firms was to publicize it through an IPO in the year 2014 or 2015, but following a consequent oil kaput dashed those strategies until currently. This means that the privately backed Talos Energy went public as a result of attaining concern in Stone, which was previously publicly transacted, comparatively than filing for a preliminary public subscription.

The merger between Louisiana’s Stone Energy and Talos Energy was to create a more prominent offshore dynamism performer which would focus on the Mexican parts of Mexico’s Gulf and the United States. Consequently, the new publicized Houston-situated Talos energy instigated trading under the “TALO” ticker on the New York Stock Exchange Market. Tim Duncan thereby terms this merger as a transformational amalgamation. It is widely known that Talos’ financiers possess 63% of the merged company while the Stone shareholders got 37%. Therefore, Talos Energy is in a good position to exploit its great value asset assortment as well as revenues motivated capital programs in offshore Mexico and the U.S Gulf of Mexico as stated by Talos Energy President and Chief Executive, Timothy Duncan.

Talos Energy did well the previous summer after productively winning several offshore tenders with other associates in Mexico’s energy restructuring development of Mexico’s Zama innovation offshore. Mexico’s energy restructuring progression opened up offshore inhibitors to extraneous investors with Zama as the paramount innovation in the state’s deregulation process. Further, Stone Energy had been operating out of Lafayette for more than 20 years. Nonetheless, Stone Energy filed for insolvency protection in the year 2016, amidst the downfall in oil charges earlier emerging the previous year.

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Talos Energy LLC a Global Giant in the Exploration of Oil and Gas

Mexico for decades had banned foreign companies from exploring oil and gas in the Mexican water. The ban has however been lifted due to the dwindling fortunes in the Oil and Gas industry. Mexico has not been fully exploiting its natural resources to the fullest for the last 80 years, and as a result, the Oil and Gas sector has been ailing for years. The Mexican Parliament voted unanimously on a bill that will allow privately owned foreign companies to drill oil in Mexico. Oil and gas exploration in Mexico was nationalized by the government in the year 1938. The only company that was allowed to exploit oil and gas resources was the state-owned company Petroleos Mexicanos. Ever since no privately owned foreign company has ever been allowed to drill oil in the Mexican Waters.

In a historical Move three, privately owned companies won the prospective rights to explore and drill oil in Mexican waters. The three companies are Mexico’s Sierra Oil & Gas who are the largest shareholders owning 45 % of shares; the law requires that the largest stakeholder in such a venture should be a Mexican company. Sierras is followed by Talos Energy LLC with a 35% stake in the joint venture and is the Well operators. Premier Oil Plc is the other privately owned company in the exploration deal and holds a 25% stake.

ZAMA-1 well which is situated in the Surest Basin is the place where the exploration is going to take place and is estimated to hold between 100 million and 500 million barrels of crude oil. The drilling and exploration exercise is expected to take three months and is going to cost about 16 million dollars.

Being the first exploration to happen in 80 years it will be keenly watched by industry players in Mexico and globally. Researchers have projected a high chance of success since the basin is well structured.

About Talos Energy LLC

Talos Energy is a privately owned Oil and Gas firm that focuses on the exploration, exploitation, and drilling of oil and gas in areas, especially around the Gulf Coast. The company is headquartered in Houston Texas. Talos is renowned globally for having the best and most efficient state of the art equipment for drilling and exploring oil and gas.

Read More : www.talosenergyllc.com/about-us/

Meet Omar Yunes: Best Franchisee of the World 2015

Omar Yunes has placed Mexican as the best franchisee in the world. In his contribution to Sushi Itto, Yunes won the Best Franchisee of the World (BFW) competition that was held in Florence city, Italy on December 5. At just the age of 21, Yunes became a franchisee of a Japanese food chain which has seen him own 13 franchised units in Mexico City, Puebla, and Veracruz.

What is BFW?

BFW is a worldwide event where franchisees of different franchise brands are recognized and awarded for their efforts according to specific criteria. The event brings together best franchisees of leading brands in the market and recognizes their contribution to the enrichment of those brands. Yunes represented Mexico in his franchise of Sushi Itto, describing the case “The professionalization of the role of the franchisee.” Coming second was Ivan Tamer, franchisee of Prendamex with the case “Implementation of the alternative system for the control and sale of articles.”

The 2015 BFW edition represented 34 countries. Among them were Hungary, Italy, Mexico, France, and Brazil. Only eight finalists were selected. The franchisee was evaluated on the following basis:
• How much the franchisee has influenced the growth of its network
• Its knowledge contribution
• Amount of savings it has implemented
• Employee motivation
• How much invoices and improvements the franchisee has proposed to the model

The BFW competition’s objective is to reward teamwork, leadership, innovation, and enhance continuous improvements in the franchise operation. Additionally, the competition is set to motivate the franchisees, promote their business concepts and gauge their attitude and commitment to the franchises.

What contributed to Yunes’ success?

Yunes, through Diego Elizarrarras, organizer of BFW Mexico, noted that Yunes took the first place because he acted as a significant factor in establishing the franchising-franchisee relationships. That helped Sushi Itto to have better management of information and implement control boards that helped have more precise measurements in individual units. Benjamin Cancelmo, CEO of Sushi Itto, recognized the award as a manifestation to offer their clients excellent service, unique flavor, and unmatched hospitality.

According to Elizarraras, the award takes Mexican franchises from just regional affairs to high places at the international level. The award speaks of a significant sector of the economy that has established itself at the global standards.

Read More : https://www.change.org/p/pgr-c%C3%A1rcel-a-miguel-%C3%A1ngel-yunes-linares-y-a-omar-yunes-m%C3%A1rquez/c