Venari Resources LLC is an exploration and production company focused on the prolific oil-prone subsalt region in the Gulf of Mexico’s deep waters. Venari’s strategy centers on the exploration and development of high-potential oil prospects, initially through the acquisition of minority interests in prospects generated by capable operators and later through the generation of its own prospects. The management team is led by Brian Reinsborough, previously President of Nexen Petroleum U.S.A. Inc., where he led the company’s deepwater Gulf of Mexico business. In May 2012, Warburg Pincus led an initial $1.1 billion line-of-equity commitment to Venari Resources, and in August 2014, led an additional line-of-equity commitment of $1.3 billion. Since its inception, Venari has made four deepwater discoveries including major discoveries at Anchor and Shenandoah. In addition to these discoveries, Venari is one of the 10 largest leaseholders in the Gulf of Mexico with interests in over 170 exploration leases, many in partnership with successful operators such as Anadarko and Chevron. The Company is headquartered in Dallas and has an additional office location in Houston.
Warburg Pincus is a leading global private equity firm focused on thesis-driven growth investing at scale. With more than $65 billion in assets under management, our active portfolio of more than 185 companies is highly diversified by stage, sector and geography. As an experienced partner to outstanding management teams, we help build durable companies with sustainable value. We have raised 19 private equity funds, which have invested more than $77 billion in over 870 companies in more than 40 countries.