Editor's note: Updated Sept. 3, 2019. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. The firm is based in Evanston, Illinois and has offices in London and Houston. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. Centennial was sold to Silver Run later that year. NGP had conversations with Vantage vice president Seth Urruty about possibly moving forward with a new NGP-backed venture, but then a light bulb went off. Shale Experts is a Members ONLY resource. For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. Camino Natural Resources LLC, an oil-and-gas company backed by NGP Energy Capital Management, is once again acting as a consolidator in the private-equity firms portfolio. Rextag database of energy infrastructure assets. +2.24 +6.89%. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. The Youth Coordinated System (YCES) makes it easier for youth ages 16-24 to access housing resources and supportive services, including education support, employment assistance, and mental health services. 2023-01-31 - North Hudson said it's providing capital solutions to small- and mid-sized operators at a time when capital providers in the oil and gas sector are pulling back. Ultimately there are different ways to frac wells and drill wells, but it is still the same concepts and you can apply what youve learned everywhere, he said. We hope to do some deals., Hayes added, They are very well hedged. Buyer Type (PE or Strategic) . https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. There will always be room for the small, entrepreneurial, focused company, but we think we need to position ourselves to be a larger private. More Real Estate Resources. 1401 17th Street, Suite 900 Its oil production is 100% hedged for 2021. Oct 25, 2013. vantageenergy.com . DALLAS (PRWEB) February 13, 2018 Archeio Technologies (Archeio) announces that Camino Natural Resources, LLC (Camino), one of the largest privately held energy producers in Oklahoma, has selected its cloud-based oil & gas document management software. The Company will pay an aggregate of US$35 million by way of promissory notes and/or cash as a deposit if it chooses to proceed with the Acquisition after completion of due diligence, and an aggregate of US$140 million by way of promissory notes and/or cash as an initial installment. GIS Manager. Sometimes a portion will also be pushed into the following year. Areas of Operations. Camino is headquartered in Denver, Colorado. (BOE) reported during the month of 18,153,600 barrel of oil equivalent Camino has not only gotten bigger via acreage deals; they have also integrated, taking on a midstream partnership with Cardinal Midstream and its Iron Horse System and a minerals partnership with Land Run Minerals. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. Land / Acreage . [We found] the sweet spot runs southeast to northwest in our basin. I think public companies reposition the optics of their hedge book depending on the direction of commodities prices, but generally speaking they hedge about half of their next years production. are 20 permits filed with the state The child wells are right in line on average with our type curve expectations, Urruty said. 34.73. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. Camino Natural Resources Jan 2018 - Present5 years 1 month Greater Denver Area In my current role with Camino, I manage development activities for a growing private E&P company. In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. There is no 500-foot spacing; its 1,200-plus foot spacing. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. Camino Natural Resources, Llc is We certainly werent anticipating this tough of one, but thank goodness we were already making moves to do better in a tougher market. You need to be prepared to run that thing for the long term. Were not aiming to grow. Equally important to all of that is financial [structure]. China Natural Resources, Inc. (NASDAQ: CHNR), a British Virgin Islands corporation, through its operating subsidiaries in the People's Republic of China (the "PRC"), is currently engaged in the wastewater treatment industry in the PRC, and the acquisition and exploitation of mining rights in Inner Mongolia, including preliminary exploration for nickel, lead, silver and other nonferrous metal, and is actively exploring further business opportunities in the healthcare sector, natural resources sector and other sectors. Nov 30, 2020, 17:06 ET. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. Its an output, not an input. Thats been a negative for our play. of 27,715 BBLs oil Polzin was in charge of the newly-renamed Centennial Resource Development Inc. With over 100,000 net acres, Camino is pursuing a growth strategy with a focus on strong technical analysis, industry leading well results, attractive investment returns and a conservative balance sheet. One area where Camino has proved ahead of the game has been with its robust hedging strategy. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. With over 100,000 net acres, Camino is pursuing its growth strategy by applying strong technical analysis and operational integration, resulting in industry leading well results and attractive. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. The deals left a pair of veteran leadership teams without a home. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. It employs 21-50 people and has $10M-$25M of revenue. Camino was founded by Ward Polzin, a veteran energy executive and founding CEO of Centennial Resource Development. For more information about Apollo, please visit www.apollo.com. Camino Natural Resources, LLC ("Camino") is an independent oil and natural gas company with assets in the core of the SCOOP and Merge plays in Oklahoma. Win whats next. Stay in touch with the latest activities by subscribing to our daily email covering operators, service companies, (acreage, production rates, well info, development plans, resverse, and completions designs), NGP Consolidates Portfolio Companies in Camino Natural Resources, Snapshot: Camino Cores Up Anadarko Portfolio, Ups Production; 2020 Rig Activity, Profile : Camino Natural Resources: Assets, Maps,Development Plans 2018, Camino Taps Cardinal Midstream for STACK/SCOOP Takeaway Dedication, Cardinal Building New Iron Horse Gas Gathering/Processing Facility, Future and current Drilling Plans in , as of 03-01-2023, Intent To Drill/Drilling Permits for , as of 03-01-2023, Latest News on the US, Canada and International plays, Tracking Activity on more than 4,000 companies (E&P, Midstream & Oilfield Services), Active Rigs By Company and County (Updated Weekly), 2015 & 2014 Company Detailed Drilling Budgets, Company & Play Break-Even, Type Curves and Well Economics. Camino Natural Resources retained EnergyNet for the sale of three separate packages of operated and nonoperated opportunities in the Midcontinent region located in Central Oklahoma, the Anadarko Basin and the Mississippi Lime play. OKLAHOMA CITY, Oct. 8, 2020 /PRNewswire/ -- Bison, Oklahoma's largest water infrastructure, logistics and technology solutions provider, today announced its acquisition of Woody Creek Midstream, a water midstream company in the SCOOP anchored by a +15-year gathering agreement with Casillas Petroleum Resource Partners. 2023-02-24 - The Permian pure play is selling off midstream assets and upstream leasehold that cant compete for capital in the companys portfolio, Diamondback Chairman and CEO Travis Stice told investors. Please Upgrade it take less then a minute. Information on assets, buyers and sellers, deal values, and more. These teams spun out around the same time to figure out what was next career-wise. (Bloomberg) -- Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp., according to people familiar with the the matter.Most Read from BloombergNigeria Latest: Tinubu Wins Ekiti Vote; Next Briefing at 11 a.m.Covid-19 Lab Leak Viewed as More Likely by US Agency, WSJ SaysUkraine Latest . No forward-looking statement can be guaranteed. Denver, Colorado, United States. Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. Unauthorized distribution, transmission or republication strictly prohibited. Stay in touch with our Daily Email Newsletter. Shale Experts offers the most COMPLETE coverage of the . 2017. There is a trend with some primo rock. The company is headquartered in Mountain View, California. Our assets. 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . Merge with some other companies, maybe. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and will contain detailed information about the company and management, as well as financial statements. from 8 AM - 9 PM ET. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. When the original SCOOP area started around 2012, it was right atop of the very thick Woodford. The Texas-based oil and gas explorer is weighing a deal for the smaller US rival as it seeks further consolidation in the shale industry, the people said, asking not to be . View original content:https://www.prnewswire.com/news-releases/china-natural-resources-announces-strategic-acquisition-of-lithium-mine-in-zimbabwe-301757390.html, https://www.prnewswire.com/news-releases/china-natural-resources-announces-strategic-acquisition-of-lithium-mine-in-zimbabwe-301757390.html, Novavax to pause RSV vaccine trial, assess pipeline, Ex-US congressman 'abused trust' to trade before mergers, prosecutor says, WRAPUP 1-Fed officials debate higher vs. just longer after January inflation jump, 'Enough pollution' in minority area eyed for NJ power plant, UPDATE 1-HSBC activist shareholder demands AGM vote on Asia business spin-off. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of Seth brought a lot of good practices when thinking about running this for 10 years. (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. Its serendipitous now with where the market is, but that was how we started.. Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. . Our basin gets gassier to the west and oilier to the east, but quite frankly, weve found when you are looking for returns, it is not the oilier eastern part that has the highest returns, Polzin said. Cision Distribution 888-776-0942 The company has been operating in the Stack Scoop holding approximately . The capital markets felt like they got burned and threw the baby out with the bath water.. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. Jan 2017 - Feb 2023). Operations . To get full access now. CO . Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . Click here to Upgrade And Get Immediate Access. Now, the new world order is like the old world order on steroids. The Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . During the land rush, people paid up for it while there was still a lot of learning going on across the industry. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. By having scale we have a large lending capacity with our senior lenders. [With] every well we drill, were learning, and were trying to improve and advance, but you have to be cautious that you havent drilled too many wells at a well density or a landing before you have technical certainty on the EURs and well productivity, Urruty said. USD. Additionally, Bison announced that it has entered into a 15-year water gathering and disposal agreement with Camino Natural Resources, a 30-year water gathering agreement with another active private operator in the SCOOP and expanded the dedication under its existing long-term agreement with Paloma Operating Company. The result was Denver-based Camino Natural Resources LLC. Contact Information Website www.caminoresources.com Ownership Status Privately Held (backing) Financing Status Private Equity-Backed Primary Industry Energy Exploration Primary Office 1401 17th Street Suite 900 Denver, CO 80202 Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? Interwell spacing was way too tight over the last couple of years, and people are now having to up-space and come back, but also the combined targeting of the formations. Buy some other companies, maybe, but the goal is to be bigger because it is just a better economic, stable position for everybody involved. Lightly levered. Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%. October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . It was challenging drilling for the new operator right out of the gate and resulted in a series of tool failures and lessons learned, but ultimately it became one of the SCOOPs better wells. FORT WORTH, Texas--(BUSINESS WIRE)--Double Eagle III Midco 2 LLC (the Company or Double Eagle), wholly owned by DoublePoint Energy, LLC (DoublePoint), announced that it has entered into a definitive purchase agreement to sell all leasehold interests, subsidiaries and related assets to Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer"). Well step into it more conservatively on an absolute spacing basis, he said. Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), DUG Midcontinent 2022: Expanding The SCOOP's Southern Sweet Spot, DUG Midcontinent: Operator Spotlight; From Zero to 100k, Camino Natural Resources Profile: Midcontinent Mover, Executive Q&A: Camino Natural Resources Growth Strategy, DUG Midcontinent: Operator Spotlight: From Zero to 38,000 BOE/d, DUG Midcontinent Day 2: Oklahoma Operators Discuss Challenges, Innovation, Best Of This Weeks Drilling Activity Highlights (Sept. 27, 2019). Oil and Gas Acquisition and Development. I think capacity is important, both equity and debt.. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. There were a lot of private-equity-backed companies there, but they were [generally] small. NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. When typing in this field, a list of search results will appear and be automatically updated as you type. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. All rights reserved. of N/A. The last thing were worried about is production growth, Polzin said. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. Search 176,552 Deals Now. Under the Sale and Purchase Agreement, it is expected that the Company will indirectly acquire all interests in Williams Minerals in the second fiscal quarter of 2023, and that the Company's "ownership" (as defined in the Sale and Purchase Agreement) of the Zimbabwean lithium mine will vest cumulatively, region by region from 2024 through 2026, contingent upon the issuance of independent technical reports and the Company's full settlement of the purchase consideration in cash and restricted shares. Co-Chief Executive Officer and Board Member, Vice President & Chief Accounting Officer, To view Camino Natural Resourcess complete executive team members history, request access, To view Camino Natural Resourcess complete board members history, request access, To view Camino Natural Resourcess complete investments history, request access, Morningstar Institutional Equity Research. Independent oil and natural gas acquisition and development company. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp., according to . The company has an estimated daily production Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. Subscribe for free to our newsletters for the latest energy news. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. More than 2,500 Subscribers rely on our data each day. We were anticipating a tough market. Our view has been that those are going to communicate to some degree, certainly aided with the fracturing and the structural complexity that we see in the formations. Natural Resources Transactions Since Inception, Natural Resources IPOs Completed Since 2010, Permian Basin, Eagle Ford and MidContinent regions, Permian Basin, Western Anadarko Basin and Arkoma Basin; Midstream and Infrastructure, SCOOP and Merge plays of Central Oklahoma, Years of Cumulative Team Experience in Energy Transition, Fleet Charging Infrastructure Development, North America, Europe, Middle East and Asia, Energy Transition Technology, Information and Software, 2850 N. Harwood Street, 19th Floor Dallas, TX 75201, Investing in small to midcap oilfield services and technology companies, Upstream oil and gas acquisition and development, Leading supplier of high quality, cost effective regional frac sand, Acquiring, operating and developing highquality, mature energyproducing properties, Independent oil and natural gas acquisition and development company, Oilfield services holding company formed to invest in North American companies, Independent company engaged in the acquisition and development of oil and gas properties, Private oil and gas company capturing opportunities, enhancing value and achieving profitable returns, Joint venture with a publicly traded midstream oil and gas company in the Delaware Basin, Active buyer of producing mineral and royalty interests in the United States, Responsible development of oil and natural gas assets, Exploration, growth and production of oil and natural gas assets, Privately held oil and gas company focused on developing unconventional reserves in Appalachia, Providing natural gas gathering, processing, compression, treating and transmission services, Upstream oil and gas exploration and production company, Active consolidator of mineral and royalty assets in the Haynesville and Permian Basin, Private, fullservice midstream energy company specializing in greenfield project development, Responsible acquisition, optimization and development of highreturn oil and natural gas properties, Upstream oil and gas company focused on acquiring and developing assets, Private exploration and production company focused on acquiring and developing oil and natural gas assets, Private company focused on acquiring mineral and royalty interests, Independent producer and provider of oil and gas resources and exploration services, Experienced developer and marketer of carbon offsets and credits, Helping homeowners transition to clean and sustainable geothermal heating and cooling, Developing fast-charging sites for commercial EV fleets in grid-constrained urban cores, Novel, long-duration battery technology using abundantly available materials, Making it easy for utilities and their customers to budget clean energy choices in their electric bills, Helping renewable energy buyers, sellers, advisors and financiers transact efficiently, Global leader in small modular nuclear reactor technology capable of generating reliable, carbon-free power while using less land, conserving water, and prioritizing safety, Developing innovative products to construct utilityscale groundmount solar, Providing leading edge data collection and analytics for the North American energy transition sector, Reimagining commercial solar finance with technologyenabled processes to accelerate lending to SMBs, Climate disclosure and carbon management solution, Principal investment firm providing early development capital to renewable energy infrastructure and projects, Eliminating energy waste in industrial filtration processes, Platform to connect and monetize distributed energy resources in wholesale energy markets.
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camino natural resources acquisition