Matt Badiali is an expert when it comes to the natural resources market as well as just general investing principles. Matt has become a huge success over the years through his investments and daily trading of stocks and now he works to help others find their own success. Starting off his career, Matt didn’t focus on investing but Geology instead. Matt’s mentor and guide that he was traveling around the world after completing his education was the one that turned him on to financial independence. Through the knowledge he gained from traveling the globe and researching the natural resource markets in various regions, Matt has put together an invaluable list of information that allows him to dominate the natural resources sector as well as many others. Freedom checks are another avenue of easy money making methods for new investors which can be readily utilized regardless of funds or prior experience.
Matt Badiali is currently working as a expert senior editor for Banyan Hill as well where he maintains a weekly newsletter to inform thousands of investors daily. More than 400 thousand investors come to Banyan Hill Publishing every single week to get the latest investment advice from financial guru’s like Matt Badiali. Matt’s personal newsletter, the Real Wealth Strategist has brought in thousands of readers to Banyan Hill as well as his own personal website. According to Matt Badiali, one of the keys to success in the natural resources market is understanding what natural resources are used for and why they fluctuate at certain times in the market. With a true understanding of these elements, investors can take advantage of when they are in high demand. There are tens of thousands of investors out there, with many more joining in on the hunt for financial independence every single day. Because of this, being an average investor just doesn’t cut it anymore, making premium advice and information highly valuable to those who want to find real success in industry.
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After an 80 year period the country of Mexico has allowed a private company to drill an offshore oil well in the territorial waters of Mexico. This signifies the allowing of competitors from foreign nations into the energy market in and around Mexico. The oil market has been monopolized by the state-run Petroleos Mexicanos since 1938 when Mexico nationalized the oil industry there.
This new project is a joint-venture between Premier Oil, PLC of London, Sierra Oil and Gas of Mexico, and Talos Energy of Houston, Texas. The drilling was launched in May of 2017 in the Sureste Basin right off of the coast of Tabasco. The area is said to hold approximately 100 to 500 million barrels of crude oil. The expected cost of the project comes in at around $16 million.
According to Tim Duncan who is CEO of closely held Talos Energy, Inc., Mexico has been very interested in recent years in the opening up of the Mexican waters to major investors and offshore drilling is a special emphasis on the Mexican government.
Talos has been involved in several earlier mergers and acquisitions as they recently took over Energy Resource Technology which was a subsidiary of Helix Energy Solutions. The operating territory of Talos is mostly in the Gulf of Mexico region of the American Coast.
The new drilling project has been named Zama-1 and is located in 546 feet of water, with the well reaching an initial vertical depth of around 11,000 feet. It is possible that this field contains from 1.4 billion to around 2 billion barrels of oil. Most experts in the industry count this discovery a very significant finding.
Since 2014 when the deregulation of the oil and gas market in Mexico occurred, many foreign companies have been bidding on blocks in the Gulf and the Zama-1 project is the very first well discovered and finalized in nearly 80 years. Duncan has stated that the objective is to continue drilling the well to 14,000 feet in order to maximize its output.
Duncan went on to say that this discovery has done just what the reforms of the Mexican oil situation was intended. It will deliver new capital, new participants all around and a new feeling of ingenuity that will help the economy of Mexico a great deal.