Venari Resources LLC, a privately held offshore exploration and production company founded in 2012 by Brian Reinsborough, is 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, Kelso & Company, Temasek Holdings and The Jordan Company provided an initial $1.125 billion capital commitment so Venari can pursue its exploration program and development projects in the Gulf of Mexico. Since formation, Venari has built a large inventory of drillable prospects and leases in the Gulf of Mexico, including the Coronado discovery and potentially giant Shenandoah discovery in the Walker Ridge area. The Company is headquartered in Dallas and has an additional office location in the Houston Energy Corridor. As of June 3, 2013, Venari had 34 employees.