Oil and Gas Acquisition and Development. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. For more information about Apollo, please visit www.apollo.com. Land / Acreage . [We found] the sweet spot runs southeast to northwest in our basin. I expect we will be bigger, and thats the goal. Merge with some other companies, maybe. Weve done that by having the large equity support from NGP. For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. 582 Camino De Teodoro currently has a single family building on it. Our assets. All rights reserved. You have to be thoughtful, and on a DSU [drilling spacing unit] by DSU basis, come up with a plan to develop those reservoirs together. They simply were not capitalized to do so. Its imperative that we have consistent and robust hedges, Hayes explained. Camino Natural Resources, Llc Prices for top E&P stocks and commodities. Whereas with most of our companies, we have not only hedged their Well step into it more conservatively on an absolute spacing basis, he said. Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. 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. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. 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. The deals left a pair of veteran leadership teams without a home. Additionally, we are excited to be shareholders in Pioneer as we are firm believers in their strategy of free cash flow generation that enables a competitive base and strong variable dividend.. At Vantage, that was a 10-year run for those guys. 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. When it became apparent that oil prices were heading for $50, the company moved down to a two-rig program to stay within cash flow. By April 2014. 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. 1401 17th St Ste 1000 Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Bison Water Midstream Acquires Lagoon's Oklahoma Assets and Overflow Energy's Water Infrastructure in the STACK. the state. You need to be prepared to run that thing for the long term. In addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development. 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"). We merged the teams together in late 2016.. Troy Energy, a newly formed, independent oil and gas acquisition, development, and exploration company based in Oklahoma City recently acquired some assets from Camino Natural Resources. (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. The firm is based in Evanston, Illinois and has offices in London and Houston. Cision Distribution 888-776-0942 Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. Bankruptcies in the space have already begun, and many more are expected. Camino Natural Resources. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. and 27,715 MCF of gas, There were a lot of private-equity-backed companies there, but they were [generally] small. From its earliest days, Camino was organized and run like a public company; scale was going to be important as the headwinds facing the industry stiffened. There Pushing the STACK northwest and northeast did not yield the same results. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc. (NASDAQ: CHNR) (the "Company" or "CHNR") announced today that the Company has entered into a definitive agreement (the "Sale and Purchase Agreement") with Feishang Group Limited and Top Pacific (China) Limited (together, the "Sellers"), and Mr. Li Feilie and Mr. Yao Yuguang, to acquire Williams Minerals (Pvt) Ltd ("Williams Minerals"), which owns the mining permit for a Zimbabwean lithium mine (the "Acquisition"). coming Operations . 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. Continental [Resources Inc.s] Springboard [SCOOP] is right in the middle of that, the Lone Rock area for Cimarex [Energy Co.], the Cana Fieldall of those go right down the spine of the basin. NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. New Listings in 91730. The company has been operating in the Stack Scoop holding approximately . Subscribe for free to our newsletters for the latest energy news. Denver, Colorado. Patrick Leach Completion of the Acquisition is contingent upon the satisfaction of a number of conditions, including, among other things, financing, due diligence results, issuance of independent technical reports, and the Company's cash and restricted share settlement of the total consideration. Feb. 27, 2023. New Mexico Wells Drilled by Operator in 2021. Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. (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 . 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? I want to be a survivor, and we will be. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. United States, Marketed: Camino Natural Resources Midcon Operated, Nonop Opportunities, Marketed: Camino Natural Resources Midcontinent Hoxbar Development, Marketed: Camino Southern Oklahoma Hoxbar Oil Trend Assets, NAPE: Chesapeake CEO Lawler Aims For 'All's Well That Ends Well'. Year of Investment. 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 investment returns. Under these agreements, Bison will exclusively manage each company's water infrastructure within their respective portions of the combined ~1.5 million-acre dedicated area across Grady, McClain, Garvin and Canadian counties. Camino is pursuing its growth strategy by applying strong . Camino Natural Resources Llc Camino Natural Resources LLC is developing the stack scoop with a focus in Caddo, Blaine, Garvin, Carter, Stephens, Canadian and Grady counties. Win whats next. By February 2020, the company was operating a single rig. from 208 actively producing wells in Based upon that IP30 rate, it is still one of the top three wells ever drilled in the SCOOP, Polzin said. 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. The last thing were worried about is production growth, Polzin said. Independent oil and natural gas acquisition and development company. All rights reserved. Double Eagle is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO), Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. When typing in this field, a list of search results will appear and be automatically updated as you type. It is also fortunate to be able to continue paying down debt. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . All rights reserved. This press release is not an offer of securities for sale in the United States. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of NGP expects to complete the mergers by late June, one of the people said. But how does a company headquartered in the Rockies and filled with veterans of the Permian and Marcellus shales end up with an appetite for acreage in western Oklahoma? It still has those same characteristics, he said. We didnt see that one company trying to become a large private company in that space. Drilling Activity ( To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. For more information on Quantum, please visit www.quantumep.com. So we had these two groups that had done these large, private-equity-backed things on the cusp of going public, sold at roughly the same time, Polzin said. 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. 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. Database of selected U.S. and international exploration wells. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. He is a Venture Partner of the NGP funds and brings a wealth of over 35 years of leadership, engineering, commercial, and investing experience in the energy industry. Its lower prices for a longer time frame, and deeper cuts [are] required. The company made its first acquisition in the middle of 2017. Operators in New Mexico. Placing the hedges early locked in a per barrel crude price in the mid-$50 range. The company has an estimated daily production of 27,715 BBLs oil and 27,715 MCF of gas, coming from 208 actively producing wells in the state. +2.24 +6.89%. NGP asked Polzin if he would shift his priorities and build a team that could execute in the Delaware and get the producer on an IPO track. There is a trend with some primo rock. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. The transaction is structured as the acquisition by a Pioneer subsidiary of 100% of the limited liability company interests of DoublePoints wholly owned subsidiary, Double Eagle III Midco 1 LLC. Its serendipitous now with where the market is, but that was how we started.. Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. Jan 26 2023. As a result, we have steadily added long-term large-scale commercial contracts throughout the year with both new and existing customers. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. You have multiple zones. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. 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,. Even as it reviewed deals, it studied what made each play tickthe natural drivers. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. 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. 2023-02-27 - Retired NGP co-founder Ken Hersh shares lessons learned in the energy private equity firms first 28 years, green lights and red lights, growing a new investment class and repotting plants. (BOE) reported during the month We hope to do some deals., Hayes added, They are very well hedged. We were able to almost immediately apply some of our completion beliefs and do some testing with slightly larger water and sand concentrations, but [we focused] mainly [on] optimization around the types of sand and the types of fluids that we believed were appropriate.. We hope to be able to leverage our mining expertise, sales and distribution platforms and balance sheet, as we continue to execute on our long-term business strategy.". October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . Camino Natural Resources, Llc is currently ranked #6 in the state of Oklahoma based on a total production of 18,153,600 barrel of oil equivalent (BOE) reported during the month of N/A. Centennial was sold to Silver Run later that year. Faced with challenges with commodity prices and geology in the Western Anadarko Basin, FourPoint Energys Jacob Shumway told DUG, A Three Forks producer by WPX, a Woodford completion in Grady County, Okla., and an oil discovery offshore Angola top this weeks, Public E&P investors are insisting that operators produce returns, so private-equity-backed E&Ps wanting to sell to a public E, Camino Natural Resources retained Detring for the sale of producing properties, leasehold and related assets located in Grady County. If we are going to be here a long time, were not going to roll the dice, so to speak, and be unhedged, Polzin said. (SOURCE: CAMINO NATURAL RESOURCES LLC) Instantly unlock over 15 years of A&D transactions and financing data. Camino Natural Resources, LLC ("Camino") is an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the intent, belief and current expectations of the Company, its directors or its officers with respect to the ability to locate and execute on strategic opportunities; the impact of the rising commodity prices; the potential presence of minerals in the Zimbabwean lithium mine; the potential closing of the Acquisition; the vesting of ownership of the regions of the Zimbabwean mine and the timing thereof; the level of demand for lithium and other precious minerals; and the availability of internally generated funds and funds for the payment of operating expenses, capital expenditures and the Company's growth strategy. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? There was a lot of common DNA [such as] running multiple rigs in a big shale play and having quality [rock and people] and financially [being capable of going] public. Subscribe to the magazinehere. 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 . The industry has emerged from the days of the three-year flip to those of a lower-for-longer and living within cash flow approach. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Camino Paving Inc is a company that operates in the Oil & Energy industry. . The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. The first well the company drilled 100% as Camino was the ABEL 25-36-1XHan early lower Mississippian/Sycamore target in Grady County. Rock-wise, [the SCOOP/STACK/Merge] had a lot of productivity, Polzin, now CEO of Camino, explained. Double Eagle built a truly world-class business through strong execution and unmatched creativity. The transaction was unanimously approved by the Board of Directors of each company and is expected to close in the second quarter of 2021, subject to customary closing conditions and regulatory approvals. Mr. Wong Wah On Edward, Chairman of the Company, commented, "Lithium has become one of the most sought-after and highest appreciating minerals given its proven power advantages. In contrast, Camino has hedged a lot. Headquarters Address 1401 17th Street, Suite 900 Denver, CO 80202 United States Website NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. 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 . Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. 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. The company reduced its capex by 70% over last years spend. Information on assets, buyers and sellers, deal values, and more. 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. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Camino Snapshot Significant Commitments - >$1B of Equity Committed: NGP + Co-Investors - >$400MM Borrowing Base Large Scale Operations - One of largest Private Co's in S/S/Merge - ~80 on the team - ~120,000 net acres - >40,000 Boe/d net (~50% liquids)(1) - ~60 wells spud; 2 rigs running Stand-Alone Staying Power October 22,2019 : Camino Natural Resources LLC completed the ASH 0807 36-1-1WH well in Grady,OK . 2023 PitchBook. Buyer Type (PE or Strategic) . As the company grew, the importance of scale continued to drive its narrative. Prices for top E&P stocks and commodities. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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. In late 2019, Camino was running three rigs on its western Oklahoma acreage. Backed by private equity firm NGP Energy Capital Management (NGP), the oil & gas startup acquired four major assets and other properties in the South Central Oklahoma Oil Province (SCOOP) and Sooner Trend Anadarko Canadian Kingfisher (STACK) of Oklahoma, which rapidly transformed the company into one of the largest private oil & gas producers in the region. Database of selected U.S. and international exploration wells. NAPE: Chesapeake CEO Lawler Aims For 'All's Well That Ends Well' Ward Energy Partners Sells Scoop, Hoxbar Assets, This content is locked until you subscribe. Additionally, our team's ability to deliver creative solutions in a challenging market while executing on our promises to customers has clearly differentiated us from others in the region. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. With over 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma. 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