Venari Resources

Venari Resources LLC
LLC
Industry Oil and gas
Founded May 2012
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

Venari Resources LLC, a privately held offshore exploration and production company founded in 2012 by Brian Reinsborough, is 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 [2] so Venari can pursue its exploration program and development projects in the Gulf of Mexico.

Current Assets

Since formation, Venari has built a large inventory of drillable prospects and leases in the Gulf of Mexico,[3] including the Coronado discovery [4] and potentially giant Shenandoah discovery [5] in the Walker Ridge area.[6][7][8][9][10]

Office Locations

The Company is headquartered in Dallas and has an additional office location in the Houston Energy Corridor. As of June 3, 2013, Venari had 34 employees.

References

  1. ↑ http://www.warburgpincus.com/portfolio/ViewCompany,id,572.aspx
  2. ↑ http://www.thedeal.com/content/energy/exploration-startup-venari-resources-draws-1b-funding.php
  3. ↑ http://www.prnewswire.com/news-releases/venari-resources-expands-gulf-of-mexico-portfolio-with-successful-lease-sale-bids-199383201.html
  4. ↑ http://www.prnewswire.com/news-releases/venari-resources-announces-second-major-oil-discovery-in-the-deepwater-gulf-of-mexico-199867451.html
  5. ↑ http://www.prnewswire.com/news-releases/venari-resources-announces-major-oil-discovery-in-the-deepwater-gulf-of-mexico-199034371.html
  6. ↑ http://www.forbes.com/sites/christopherhelman/2013/03/25/tiny-dallas-based-oil-company-scores-two-giant-deepwater-discoveries-in-one-week/
  7. ↑ http://www.bizjournals.com/dallas/news/2013/03/20/huge-oil-discovery-in-the-gulf-is-a.html
  8. ↑ http://www.bizjournals.com/dallas/print-edition/2013/04/05/at-venari-the-good-news-keeps-on-coming.html
  9. ↑ http://www.bizjournals.com/dallas/print-edition/2013/04/12/12-dfw-energy-companies-strike-it-rich.html
  10. ↑ http://plattsenergyweektv.com/news/article/255700/293/Venari-Resources-Interview-
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