September 29, 2016 3:08 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Venari Resources LLC

Company Overview

Venari Resources LLC engages in the oil exploration and production in the deepwater Gulf of Mexico. It specializes in discovering various barrels in the deepwater Gulf of Mexico. The company also leases drillable prospects in the Gulf of Mexico. In addition, it engages in deepwater discoveries outside the United States, including Nigeria and South Africa. The company was incorporated in 2011 and is based in Addison, Texas with an additional office in Houston, Texas.

15303 North Dallas Parkway

Suite 1400

Addison, TX 75001

United States

Founded in 2011

Phone:

972-850-5300

Fax:

972-850-5301

Key Executives for Venari Resources LLC

Founder, Chairman, Chief Executive Officer and President
Age: 54
Chief Financial Officer
Age: 59
Chief Information Officer and Vice President
Senior Vice President, General Counsel and Corporate Secretary
Senior Vice President of Engineering
Compensation as of Fiscal Year 2016.

Venari Resources LLC Key Developments

Venari Resources LLC Announces the Appointment of David R. Looney as Chief Financial Officer

Venari Resources LLC announced the appointment of David R. Looney as Chief Financial Officer. Mr. Looney joins Venari from Common Resources, where he held the position of Chief Financial Officer. Prior to joining Common Resources, Mr. Looney served in several senior financial officer roles with Goodrich Petroleum Corporation, EPL Oil & Gas Inc. and EOG Resources. Mr. Looney began his career in the banking industry, specializing in the financing of various E&P and other energy businesses. His more than 35 year career in finance also includes positions at Chase, Toronto Dominion and Koch Industries.

Venari Resources Announces Successful Results from the Anchor Appraisal Well in the Deepwater Gulf of Mexico

Venari Resources LLC announced successful results from the initial appraisal at its Anchor discovery previously announced in January 2015. The Anchor-2 discovery well, which spud in 2014, is located in 5,180 feet of water in Green Canyon Block 807, approximately 140 miles off the coast of Louisiana. The discovery well was drilled to a depth of 33,750 feet and encountered 690 feet of net oil pay in multiple Lower Tertiary Wilcox sands. The Anchor-2 sidetrack#1 well was drilled down dip to delineate the discovery and confirmed the hydrocarbon accumulation found in the discovery well. The appraisal well encountered 694 feet of net oil pay, a hydrocarbon column of at least 1,800 feet in the Lower Tertiary Wilcox reservoirs and indicated the reservoirs are well developed.

Venari Resources LLC Presents at Hart Energy's Offshore Executive Conference: Gulf of Mexico 2015, Nov-19-2015 09:00 AM

Venari Resources LLC Presents at Hart Energy's Offshore Executive Conference: Gulf of Mexico 2015, Nov-19-2015 09:00 AM. Venue: The Westin, Memorial City, Texas, United States. Speakers: Brian C. Reinsborough, Founder, Chairman, Chief Executive Officer and President.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 27, 2016
Additional Working Interest in the Shenandoah Field on Walker Ridge Blocks 51, 52 and 53
 

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