Ventana Exploration and Production LLC – EGI

Ventana Exploration and Production LLC

Key Takeaway

Creating a de-risked and diversified portfolio

In 2017, we made a commitment to invest capital in Ventana, an oil and gas company focused on purchasing non-operated leasehold, working and mineral interests in the prolific STACK/SCOOP play in Oklahoma. We believe the STACK/SCOOP is in the early stages of development comparable to the Permian several years ago and multiple pay zones drive significant upside over time. Ventana realizes low entry costs by taking advantage of Oklahoma’s forced pooling process to acquire interests in smaller lot sizes. Additionally, the management team generates proprietary deal flow for these transactions through extensive local relationships. Ventana’s purchased acreage is diversified across sections and operated by marquee operators that have substantial experience in the area. We play an active role in overseeing purchases of interests.