Venari Resources LLC , was a privately held offshore exploration and production company founded in 2012 by Brian Reinsborough, 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 [2] so Venari can pursue its exploration program and development projects in the Gulf of Mexico. 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 indicates that the company will cease operations in early 2020...... Read.More, >>>
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