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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.
Venari 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]
The company was headquartered in Dallas and had an additional office location in the Houston Energy Corridor. On June 3, 2013, Venari had 34 employees.
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