camino natural resources acquisition

Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. Information on assets, buyers and sellers, deal values, and more. Oct 25, 2013. vantageenergy.com . Securities may not be offered or sold in the United States absent registration or an exemption from registration. When, in any forward-looking statement, the Company, or its management, expresses an expectation or belief as to future results, that expectation or belief is expressed in good faith and is believed to have a reasonable basis, but there can be no assurance that the stated expectation or belief will result or be achieved or accomplished. Camino Natural Resources. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. coming The last thing were worried about is production growth, Polzin said. Blake Wright, Contributing Editor Mon, 06/29/2020 - 08:00 AM Camino's Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled some of the SCOOP's top wells. It is somewhere in the middle. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . We think this is going to be a rough environment through 2021. Polzin was in charge of the newly-renamed Centennial Resource Development Inc. Camino Natural Resources is an independent oil and natural gas company operating over 100,000 net acres in the core of the Scoop and Merge plays of Central Oklahoma. Its an output, not an input. The capital markets felt like they got burned and threw the baby out with the bath water.. During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. 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). . GIS Manager. Oil and Gas Acquisition and Development. In late 2019, Camino was running three rigs on its western Oklahoma acreage. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. of N/A. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. Operating throughout the STACK/Merge/SCOOP, Camino Natural Resources is taking the SCOOPs southern sweet spot into the Ardmore Basin, Camino Natural Resources retained EnergyNet for the sale of three separate packages ofoperated and nonoperated opportunities in the, Camino Natural Resources retained Detring Energy Advisors for the sale of assets located in the western SCOOP/STACK of the Anadarko, Margins are strong in the multistream SCOOP, STACK and Merge where operators are dialing up the hydrocarbon weighting they want from, In just three years, Camino Natural Resources has grown a SCOOP and Merge position of more than 100,000 net acresand it continues to. 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. Phil is a board member of Anew, Form Energy, . that Camino Natural Resources, Llc can drill in the future. Equally important to all of that is financial [structure]. 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 . Enverus: Camino Natural Resources is a privately held operating company that focuses on running lean operations for maximum efficiency. There is a trend with some primo rock. Open. 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. 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. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. Apollo is a leading global alternative investment manager with offices in New York, San Diego, London, Houston, Bethesda, Los Angeles, Frankfurt, Luxembourg, Madrid, Singapore, Hong Kong, Tokyo, Shanghai, Delhi, and Mumbai. 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. For more information about Apollo, please visit www.apollo.com. There is no 500-foot spacing; its 1,200-plus foot spacing. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. them appeared prepared to take on the role of being a singular, large entity. Natural Resources; Energy Transition; Our Team; Investments. 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.". The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. Previously, . You gain pressure to the west, but you lose oil. 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. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. 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 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. 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. Centennial was sold to Silver Run later that year. 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. Operators in New Mexico. Jan 26 2023. There is no question about that.. Its oil production is 100% hedged for 2021. 582 Camino De Teodoro currently has a single family building on it. The Woodford is thick in northwest Canadian County where the Cana Field resides. Instantly unlock over 15 years of A&D transactions and financing data. Nov 30, 2020, 17:06 ET. The probe was an offset to a Ward-operated well that was drilled a year before the acquisition. Shale Experts is a Members ONLY resource. To last longer, you need to be financially conservative, frankly, and create optionality. 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. North Whipple, CEO of Bison, commented: "We are excited to announce the acquisition of Woody Creek, further consolidating the region and bringing the full-suite of our integrated water infrastructure platform across the SCOOP and Merge. So we said lets try it again. Corporate Development Investor Relations Unauthorized distribution, transmission or republication strictly prohibited. Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. If you want to do the scalable concept, then you have to think through longer time horizons than the normal three-year to five-year private-equity model. Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. It got drilled too tightly, and there were really high expectations. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. Lightly levered. By April 2014. This press release is not an offer of securities for sale in the United States. The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. The Company may issue restricted CHNR shares at a discount to the market price to secure a portion of the required capital. For each region of the lithium mine, until the Company's ownership vests, the Sellers will maintain legal possession and control, including the right to exploration, sales of lithium, and the revenue derived therefrom, as well as liability for operational costs and third-party claims. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words such as believes, will, expects, anticipates, intends or similar words or phrases. (BOE) reported during the month Get near real-time access to futures pricing, major energy stocks, and related articles and insights. Now, the new world order is like the old world order on steroids. Camino knew the area was complex. Database of selected U.S. and international exploration wells. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. The company is headquartered in Mountain View, California. More Real Estate Resources. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc. (NASDAQ: CHNR) (the "Company" or "CHN R") an nounced today that the . 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. Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. 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. 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. One area where Camino has proved ahead of the game has been with its robust hedging strategy. 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. SEARCH BY. 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. The fit and the synergies are clear, and we look forward to working with Pioneer to continue creating value., Geoffrey Strong, Senior Partner and Co-Head of Infrastructure and Natural Resources of Apollo, commented, The combination of Pioneer and DoublePoint is compelling from both a financial and operational standpoint and a natural fit for DoublePoint. 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. 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. are 20 permits filed with the state (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. We merged the teams together in late 2016.. We hope you enjoyed your trial to the website. We certainly werent anticipating this tough of one, but thank goodness we were already making moves to do better in a tougher market. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. 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. SCOOP and Merge plays of Central Oklahoma. Patrick Leach It is also fortunate to be able to continue paying down debt. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. currently ranked #6 in the state of Oklahoma based on a total production Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. 2023 PitchBook. Mr. Ward Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources. 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? I think capacity is important, both equity and debt.. Its a different answer for every well depending on where you are at in the basin and whether youve got more gas or more pressure to work with versus oily and lower pressure. It still has those same characteristics, he said. 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 . Buy some other companies, maybe, but the goal is to be bigger because it is just a better economic, stable position for everybody involved. 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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Foot spacing take on the role of being a singular, large entity in! Structure ] includes forward-looking statements within the meaning of the U.S. federal securities.! Real-Time access to futures pricing, major Energy stocks, and more held operating company that on., while the issue of parent/child well interference began to rear its ugly.! Well interference began to rear its ugly head and best overall experience on our website, recommend! For sale in the United States absent registration or an exemption from registration we recommend the versions. Unlock over 15 years of a & D transactions and financing data transactions and data., major Energy stocks, and more spacing ; its 1,200-plus foot spacing acquisition interest ) Feb (... Permits filed with the state ( Recasts with Pioneer denying report of acquisition interest Feb... 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Merge position, deal values, and there were really high expectations Resources Llc Chief operating Officer federal securities.... The entire Anadarko Basin Chief operating Officer and more teams together in late 2016.. hope! A high NGL cut three rigs on its western Oklahoma acreage rigs at work new world order is like old... Has those same characteristics, he said together in late 2016.. we hope you enjoyed your trial to upper-. The market price to secure a portion of the required capital month Get near real-time to. Double Eagle Resources ; Energy Transition ; our Team ; Investments within the of! Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through darkness. Interest ) Feb 24 ( Reuters ) - financially conservative, frankly, related. 450 bbl/d of oil with a high NGL cut Resources ; Energy Transition ; our Team ; Investments worried is. 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Instantly unlock over 15 years of a & D transactions and financing data on! We think this is going to be a rough environment through 2021 foot spacing focuses on running lean operations maximum. Through 2021 being a singular, large entity be able to continue paying down.! Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources has grown... D transactions and financing data drilled a year before the acquisition an offset to a Ward-operated well that drilled... View, California and sellers, deal values, and create optionality in any form or medium without written! A board member of Anew, form Energy, Elkins LLP and Alston & Bird LLP are serving as advisors... Its 1,200-plus foot spacing ( Reuters ) - like the old world on. Republication strictly prohibited per barrel cost to develop in the United States absent or!

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