Since inception in September 2016, Venado Oil & Gas LLC has deployed some $2 billion in capital from New York pri­vate-equity firm KKR. The E&P is not, how­ever, counting on a quick sale to capture return on investment, and never intended to. In fact, Venado is one of the earlier and more mature examples of how private equity is changing strategy in the E&P space.

“The biggest industry trend that we see and feel somewhat like we are leading is the tran­sition on the business model,” said Branden Kennedy, Venado CFO. He joined the Austin, Texas, company a year ago.

Kennedy spoke at Hart Energy’s DUG Eagle Ford conference in September in San Antonio about how the company was constructed with the long view in mind.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access