Talos Energy Inc. is in the Gulf of Mexico. The reason is the conditions Geologists determine. Geologists determine the conditions by testing samples of the seafloor in the Gulf. 3D seismic imaging equipment maps the seafloor. If the conditions test positive for specific rock, minerals and the 3D image looks like an oil deposit is there. Talos Energy will begin the process of building a drilling platform.
One reason that the Gulf of Mexico is so valuable is that it is an area where dinosaur, plants and other organisms died. The plants and animals millions of years ago died and over time soil and rocks covered up the bodies. Next, the bodies decayed. The seafloor along with the heat from the earth core turned decayed bodies into oil deposits. This makes the Gulf a sought after area for oil.
Talos Energy Inc. oil and gas company gained over 14 blocks of deep and shallow acreage in the Gulf of Mexico over the last ten years. Talos Energy also bought the company Whistler Energy ll, LLC. Whistler Energy production rate was 1,900 (BOEPD) also known as Barrels Of Oil Per Day. The drilling platform Whistler owned was in the Gulf. The sale was closed August 31st of 2018.
Whistler’s asking price was $52 Million dollars from Talos. Because Talos has active producing wells already established in the Gulf. Whistler received over $100 Million Dollars for the sale. Even though Talos only paid $14 Million out of pocket. As Whistler also sold the collateral it held. The collateral was over 77 million barrels of oil and bonds. That along with the sale of the company totaled over $100 Million dollars.
Therefore, Talos Energy continues to gain more property and drilling platforms that already produce thousands of barrels of oil per day. Talos Energy Inc. will have the new 14 blocks of property analyzed while the existing platforms bring in profit. The company will also build new platforms on the sites that have been analyzed. The analyzed sites show to be promising oil producers.
Talos plans to drill both shallow water and deepwater wells in the Gulf soon. With both establishing profitable wells for years to come.
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The Boraie Development is one of the leading real estate and property development companies in the state of New Jersey. The company was established by Omar Boraie, who envisions to see the state transforming drastically through the creation of more skyscrapers that would change its whole skyline. He still serves as the president, and he has given his children key positions within the company. Wasseem Boraie, his son, is currently serving as the vice president of the company, and he is also responsible for overseeing the status of the projects being constructed by the company. The Boraie Development seeks to transform the cities in New Jersey to become more viable for investors, and they are trying to win their hearts by building more affordable residential and commercial areas. The jobs that can be generated from the developments around the state would also result in the massive influx of new residents who would call New Jersey their home.
New Brunswick, one of the largest cities in the state, has been the major focus of Boraie Development for years. The city is currently going under several transformations, and according to its citizens, it is the first time that they witnessed developments around the city, and they are hoping for more projects to come. Business is also thriving in New Brunswick, thanks to the establishments that started to pop up near the construction sites operated by Boraie Development. One of the newest properties that were constructed by the company aims to house professionals across the state. The property, called The Aspire, was built for young professionals who wanted to experience a level of independence. For more details visit Bloomberg.
The Aspire features spacious studio rooms, with either a one or two bedroom layout. Each unit is also equipped with a washer and a dryer which is convenient for the apartment dwellers, and energy efficient HVAC systems are installed to minimize the cost during winter and summer. The apartments also have a private balcony and terrace that can be installed upon the request of the unit owners, and the design for the kitchen and the living areas are made under the guidance of the best interior designs in the state. Each unit is also fully furnished with GE appliances, and these can be used immediately upon transfer.
The Aspire was built near the commercial center of New Brunswick, and those who dwell inside the apartment complex are thankful that the establishments they needed are just a few minutes of walk away from the building. You can search Yahoo for more.
Read more: http://www.nytimes.com/2005/03/06/realestate/at-two-extremes-of-a-housing-market.html