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Venado Oil & Gas, LLC

Company Summary

Description

Austin-based Venado Oil & Gas is a privately held energy company focused on leasing and drilling oil and natural gas properties located in the Gulf Coast and Permian regions of Texas. Venado's founding partners were formerly senior management at Pioneer Natural Resources and San Isidro Development and the team has a combined 130+ years of experience with companies such as Pioneer, San Isidro, Dan A. Hughes, Texas Oil & Gas, XTO Energy and ExxonMobil.

Website

http://www.vogllc.com/

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Recent news

Company Transactions

Date: 7/3/2018
Type: Acquisition

BUYERS:
  • Venado Oil & Gas, LLC
  • Kohlberg Kravis Roberts & Co. L.P. (KKR)
  • Venado EF L.P.
    • SELLERS:
  • First Reserve
  • Texas American Resources Corporation
    • DETAILS:

    VOLUMES: 4.5 MBOE/d

    ACRES: 23000 Acres

    REGIONS:
  • Eagle Ford

    • Date: 3/20/2018
    Type: Acquisition

    BUYERS:
  • Venado Oil & Gas, LLC
  • Kohlberg Kravis Roberts & Co. L.P. (KKR)
    • SELLERS:
  • Coterra Energy Inc.
    • DETAILS:

    COST: 765 $MM

    VOLUMES: 15.7 M Bbls/d

    ACRES: 74400 Acres

    REGIONS:
  • Eagle Ford

    • Date: 8/15/2017
    Type: Acquisition

    BUYERS:
  • Venado Oil & Gas, LLC
    • SELLERS:
  • EXCO Resources Inc.
    • DETAILS:

    COST: 300 $MM

    VOLUMES: 4.1 MBOE/d

    NOTES:
    The assets include properties in Zavala, Frio and Dimmit Counties, Texas with December 2016 production of 4.1 Mboe/d (90% crude oil).
    REGIONS:
  • Texas and Producing Region

    • Date: 3/13/2017
    Type: Acquisition

    BUYERS:
  • Venado Oil & Gas, LLC
  • Venado EF L.P.
  • Kohlberg Kravis Roberts & Co. L.P. (KKR)
    • SELLERS:
  • SM Energy Company
    • ASSETS:
  • Springfield Gathering System
    • DETAILS:

    COST: 754 $MM

    VOLUMES: 24.25 MBOE/d

    ACRES: 37500 Acres

    NOTES:
    The sale consists of 37,500 net acres, a 12.5% stake in the Springfield Gathering System and fourth-quarter 2016 production of 24.25 Mboe/d of current production (33% oil, 33% natural gas and 34% NGL's).
    REGIONS:
  • Eagle Ford
  • Maverick Basin