KKR, Venado Oil and Gas form Eagle Ford partnership
HOUSTON and AUSTIN, Texas -- KKR and Venado Oil and Gas are partnering to consolidate proven assets in the Eagle Ford shale of South Texas. The partnership is principally funded by KKR's Energy Income and Growth Fund I.
Venado is led by CEO Scott Garrick and a core team of individuals who have operated in the Eagle Ford since the play's inception. Venado intends to apply its expertise to acquire and enhance Eagle Ford assets through a focus on operational efficiency, technical innovation and strong community relations.
Scott Garrick, CEO of Venado, said, "We are excited to partner with KKR in the Eagle Ford, where we both see the opportunity to build a large scale, long-term business. Both Venado's management and KKR have been active in the Eagle Ford since the early phase of development, and we share the same vision of the next phase of its evolution."
