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 |
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]
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.