Talos Energy Turns Risks Into Success

Tim Duncan, 45 years old of Texas, was the son of an oil company man and that took him to other places than his home in Texas. He grew up In Texas, Florida, and Egypt. Duncan is an endless source of energy and not averse to taking a risk. During Hurricane Harvey’s barrage on Houston and Tim Duncan’s neighborhood of Kingwood, Duncan wasn’t only focused on helping his wife, son, and dogs avoid the floodwaters with the help of FEMA he was worried about making a risky merger come through.Duncan isn’t scared of taking a risk and making it pay off. One of Talos’ largest asset was known as the Typhoon field and later renamed The Pheonix Field.

The Pheonix field is located 165 miles from the City of New Orleans and was first developed by Chevron which established a production platform that was tethered to the seafloor after drilling. The force of Hurricane Rita capsized the Typhoon platform, and it drifted off for approximately 60 miles across the gulf. Talos took on the job of cleaning up after the Typhoon platform drifted. Talos pumps 16,000 barrels daily from the Pheonix field into a ship called the Helix Producer. Talos examined the seismic data and found more oil beneath the old reservoirs increasing the output at the Pheonix field.  Talos’ risk in taking over the Pheonix field paid off.

The creation of Talos was itself a risk when Duncan used 600 million dollars of equity funding from Riverstone and Apollo to create Talos Energy. On that day when Hurricane Harvey hit Houston Tim Duncan was worried about the merger that he had been working on for four months. If he succeeded with the merger, his own privately held company of Talos Energy would merge with Stone Energy. It Was a $2.5 billion dollar merger and also a huge risk to merge with a publicly traded company that was essentially bankrupt. But Duncan was willing to take the risk and if he won it would make Talos Energy a public entity, and he wouldn’t have to go through the expense of a public offering. It took him weeks of working late at night but Tim Duncan succeeded, and the merger went through. Now, most of the Talos assets will be located in the Gulf of Mexico.

OG Juan: A Close Friend to Jay-Z

OG Juan is one of the closest friends of Jay-Z. He is Desiree Perez’s husband, who has been the chief operating officer of Roc Nation and also one of those who helped build the rapper’s career. Jay-Z released a new album, which is the latest collaboration with his wife, Beyonce, and they called it the Carters. The record is one of the most personal creations that Jay-Z and Beyonce made, and the songs included were dedicated to their closest families and friends. OG Juan and Desiree Perez were mentioned in the songs, with Jay-z thanking them for staying around for decades. OG Juan was acquainted with Jay-Z back in 1996.

Their mutual friend, Kareem Burke, made it possible for the two to meet. The friendly relationship between the two began to flourish as the two started to venture into various businesses. One of their first ventures was the establishment of the Roc-La-Familia record label. The company did not reach their expectations, and they decided to close it down in favor of another business venture called The 40/40 Club. The sports bar drew in a lot of patrons, and it became one of the most successful business ventures of Jay-Z and OG Juan.

Through the years, The 40/40 Club became one of the most popular sports bar in New York City. Because of the success of the business, Jay-Z and OG Juan decided to establish another company called the Roc Nation Sports. Jay-Z and OG Juan stated that their love for entertainment and sports is what drives them to venture into this kind of business. Jay-Z thanked OG Juan for being one of his closest friend and business partner, and he stated that he owes a lot to OG Juan and his wife for transforming his career. Jay-Z is one of the most influential musical icons in the world today, and he would never be able to reach a successful life if not because of the people supporting him.

Nationwide Title Clearing, Inc. Reaches Millions

Nationwide Title Clearing, Inc. is one of the country’s leading wholesale documents processing company, serving retail lenders, mortgage companies, and similar organizations that deal in the mortgage markets. They have been in business since 1991 and are located in Palm Harbor, Florida near Tampa.

 

Eight out of ten of the top retail mortgage and lending companies have chosen Nationwide as their primary source for documents. The accuracy and timeliness of the delivery of documents are primary reasons why Nationwide stands out among the fierce competition in the industry.

 

Nationwide has a compliance rate of 99.89% and a rejection rate of only .78% which are statistics that are unheard of in the documents industry. These figures mean that Nationwide is spot on because they are delivering speedy and accurate documents nearly 100% of the time.

 

Nationwide has over 600 employees who are located in three different states. In Dallas, Texas there is a large Data Facility that serves as a backup just in case there is an emergency that would affect operations. This facility ensures that systems and delivery of documents will continue to clients no matter what happens in the way of a natural disaster or some other cataclysmic event.

 

A big factor in the success of Nationwide is the dedication and efforts of the employees. They are highly trained and effectively vetted from the very start, but it should be kept in mind that the mortgage business can be quite stressful, especially when standards at a company like Nationwide are very high. John Hillman, CEO of Nationwide continually gives high marks to the employees and how they always come through, even when the stress levels are high. Hillman goes on to say that the company plans for these stressful periods with planned backup personnel in the ready.

 

Danny Byrnes, Vice President of Sales at Nationwide points out another reason for the high performance at Nationwide. He states that the maintenance of a national abstractor network is a highly complex and demanding business, but if you have the right standards and the ability to audit your processes, it can be done. He goes on to say that if a system is totally transparent and you have processes in place to audit each and every step, it becomes a painless process, especially when it is digitally driven.

 

The investment commitment that Nationwide has made in the technological side of the business has been very big, but because of that step, the auditing and document transferring processes are the best in the world.

 

 

 

The Success of Eric Lefkofsky

Making a great impact on society, and changing the lives of many is exactly what Eric Lefkofsky has dedicated his time to. As the co- founder and CEO of Tempus, he ensures that patients receive the best care, made possible by high- tech, advanced equipment that is one step closer to unveiling the scientific mysteries of the human body, and treatments of several types of cancer.

Beginning his life in Southfield, Michigan, Eric Lefkofsky successfully graduated from Southfield- Lathrup High School in 1987, soon after, he attended the University of Michigan, which he later enrolled in the University of Michigan Law School. After completing in 1993, he then received his Juris Doctor. Eric Lefkofsky has made many great achievements in his life. Participating in many existing companies and organizations, as well as starting his own independently. Some of which include, serving on the board of directors at Children’s Memorial Hospital in Chicago, Illinois, The Art Institute of Chicago, and the Museum of Science and industry. Lefkofsky, along with his wife, Liz, also participated in joining the committee to bring the 2016 Summer Olympics to Chicago. In 2006, the pair formed a charitable trust for children, helping to assist in funding several different organizations.  Check this on investor.groupon.com

Therefore, a certain business has the ability to produce goods or services at a more convenient, and in some cases, cheaper rate to interested customers. One good example of Accelerated Disruption would be any application. Any individual who has access to a computer or smartphone can purchase the application. The key to this is to develop a product or service that would interest, or be needed by a wide variety of people.  According to chicagobusiness.com Lefkofsky’s business traits have many similarities. From creating his own company, or simply being a part of another, some refer to Lefkofsky as a “serial entrepreneur”.

Hop over to www.insidephilanthropy.com/guide-to-individual-donors/eric-lefkofsky.html for additional info.