Venari Resources LLC was a privately held offshore exploration and production company founded in 2012 by Brian Reinsborough. It was focused on the oil-prone subsalt region in the Gulf of Mexico’s deep waters. In May 2012, global private equity investment firms Warburg Pincus,[1] Kelso & Company, Temasek Holdings and The Jordan Company provided an initial $1.125 billion capital commitment to pursue its exploration program and development projects in the Gulf of Mexico. [2]
| Company type | LLC |
|---|---|
| Industry | Oil and gas |
| Founded | May 2012 |
| Defunct | 2020 |
| Headquarters | Dallas & Houston, Texas, U.S. |
Key people | Brian Reinsborough (CEO & President) Rich Smith (Executive Vice President, Exploration) Bruce Busmire (Executive Vice President & CFO) |
Number of employees | 34 (June 2013) |
| Website | VenariResources.com |
In December 2019, Talos executed a purchase and sale agreement and closed on the acquisition of all primary term acreage and prospects from Venari Resources.[3] The company website indicated that the company would cease operations in early 2020.
Assets
editVenari built a large inventory of drillable prospects and leases in the Gulf of Mexico, including the Coronado discovery and the Shenandoah discovery in the Walker Ridge area. [4] [5] [6] [7][8][9][10][11]
Office Locations
editThe company was headquartered in Dallas and had an additional office location in the Houston Energy Corridor. On June 3, 2013, Venari had 34 employees.
References
edit- ^ "Venari Resources". Warburg Pincus. 2012. Archived from the original on 13 November 2012.
- ^ "Exploration startup Venari Resources draws $1B funding - The Deal Pipeline(SAMPLE CONTENT: NEED AN ID?)". www.thedeal.com. Archived from the original on 2012-05-29.
- ^ "Talos Energy to spend $640 million acquiring Gulf of Mexico acreage and prospects". www.worldoil.com. 16 December 2019. Retrieved 2020-04-07.
- ^ LLC, Venari Resources. "Venari Resources Expands Gulf of Mexico Portfolio with Successful Lease Sale Bids". www.prnewswire.com (Press release).
- ^ LLC, Venari Resources. "Venari Resources Announces Second Major Oil Discovery in the Deepwater Gulf of Mexico". www.prnewswire.com (Press release).
- ^ LLC, Venari Resources. "Venari Resources Announces Major Oil Discovery in the Deepwater Gulf of Mexico". www.prnewswire.com (Press release).
- ^ Helman, Christopher. "Tiny Dallas-Based Oil Company Scores Two Giant Deepwater Discoveries In One Week". Forbes.
- ^ "Huge Gulf oil discovery a big deal for Dallas' Venari Resources - Dallas Business Journal". Archived from the original on 2013-03-24.
- ^ Sakelaris, Nicholas (April 5, 2013). "At Venari Resources, the good news keeps on coming". Dallas Business Journal.
- ^ "12 DFW energy companies get total of $3.5B in funding - Dallas Business Journal". Archived from the original on 2013-04-20.
- ^ "Latest Oil, Energy & Metals News, Market Data and Analysis - S&P Global Platts - S&P Global Platts". www.spglobal.com.