In Mexico, it has been a sense of pride to have oil and gas be a national industry. But that was when they could actually make a profit from the industry. The leaders have come under fire recently because the wells haven’t been producing like they used to due to a lack of continuing investment. For almost 80 years, the only company that could invest in Mexico for oil or gas, whether it was on the mainland or in the seas, was Pemex.
However, the tides are changing. Now, the country is letting three companies take over a well in the Tabascan coast of the Sureste Basin. Analysts say that it is poised to be interesting enough that the whole industry will be watching. It is estimated to produce anywhere from 100 to 500 million barrels of oil. The three companies have a share in the profits of a 25% stake, 40%, and 35% going to three firms. The first is Premier Oil out of London, the second is Mexico’s very own Sierra Oil and Gas, and the third is an energy company out of the U.S. called Talos Energy.
Talos Energy is from Houston, and it was formed in 2012 to meet the rising demand of the oil and gas industry in the state. It was created with $600 million of equity backed funds, from its parent Phoenix Holdings. Now, it has grown from only 15 people to over 100 in a short time and the revenue is charted to reach a large number of $500 million annually.
The company has a work culture that attracts top talent. Instead of only having salaries, which is common in the industry, the firm offers pay from the profit shares depending on how well of a year they had. Even the scientists get to participate in this. Other perks are included, like a daycare, food, and other amenities on site. It explores and takes advantage of resources along the coast of Mexico and the Gulf Coast of the U.S. They turn natural resources into quality investments in innovative ways, and churn through 16,000 barrels of oil a day.
Matthew Autterson is an independent financial professional, who lives and works in the Denver, Colorado area. Matthew Autterson graduated in 1975 from Brother Rice High School in Bloomfield Hills, MI. Matthew Autterson received his Bachelors degree from Michigan State University in 1979. He founded the Resources Trust company in 1982 and has been their president ever since. Autterson is president of the largest investment company in the entire country. Matthew Autterson married Lori E Leaks in 1988. The couple are the parents of four children.
Matthew Autterson is on the Board of Directors of Falaci Adaptive Systems. Mr. Autterson is involved in many philanthropic endeavors. He has been a member of the Board of Directors for the Denver Zoo. Caring a lot about people, he is also the Chairman on the Board of Directors of Denver Hospice.
Investment Management is a general term for a wide variety of investment that include securities, bonds, shares, real estate, and more. People, who are saving for retirement will find investment portfolio accounts valuable. Young couples,who dream of having that special home can open a joint investment account as soon as they become engaged to be married. Most of all, everyone knows how expensive college is. College loans can put college students in debt for years. One if the best ways to handle this is buy investments for the children when they are very young and save for future college expenses. Resources Trust Company is one of the largest and best managent investment companies. In addition to Resources Trust Company, Edward Jones,and Mellon Company are very successful. They try to understand the individual needs of their customers and not treat everyone the same way.
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