Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. 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 firm's portfolio. We expect similar opportunities to emerge in the coming months on both the commercial and consolidation fronts, and we look forward to sharing our progress as those materialize.". Track new and recompletion permits by: well name, class, (Oil, Gas, etc) county, state, operator, permit date and, status, API, lease information, and legal description, Rig Locations Map / Database: Updated Weekly, Search and view rig locations by: operator, well name, county, state, and wellbore type, Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages. Denver, Colorado. We didnt see that one company trying to become a large private company in that space. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. Its serendipitous now with where the market is, but that was how we started.. Seth brought a lot of good practices when thinking about running this for 10 years. Its lower prices for a longer time frame, and deeper cuts [are] required. Lightly levered. Focus. 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. 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. Join MineralAnswers.com for Production Access. 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. It will probably run about flat this year, but were really not aiming to be flat. (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. I hope were out of it in 2022, but its a minimum of 18 months.. It was that common DNA across Vantage and Centennial. 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. Thats been a negative for our play. Camino is pursuing its growth strategy by applying strong . No forward-looking statement can be guaranteed. Instead, former EOG Resources Inc. CEO Mark Papa and his Silver Run special purpose acquisition company came calling in mid-2016, eager for an entry into the Delaware. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Additional hedges are also being examined as far out as 2023. In addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development. DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. October 22,2019 : Camino Natural Resources LLC completed the ASH 0807 36-1-1WH well in Grady,OK . 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. 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. that Camino Natural Resources, Llc can drill in the future. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. The company reduced its capex by 70% over last years spend. investorrelations@depermian.com, Internet Explorer presents a security risk. Camino is. 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. The underlying Woodford Shale in western Oklahoma is shallow in the east and deep in the west. Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels. USD. Jan 26 2023. All rights reserved. A searchable database of oil and gas debt and equity offerings. They stand out among smaller industry players in that geography as a team that is a likely consolidator based on the strength of their balance sheet and strength Corporate Development Investor Relations 9581 Retreat Pl; 9318 Hellman . For investor relations, please contact Michael Dalton at (713) 452-2000. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. Rock-wise, [the SCOOP/STACK/Merge] had a lot of productivity, Polzin, now CEO of Camino, explained. The other 3 lots are adjacent to each other and relocated behind it. Usamos como recurso la cancin "Aprieta el botn" del grupo musical boliviano Animal de ciudad. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. from 8 AM - 9 PM ET. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. of performance.. Operations . 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. 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. To last longer, you need to be financially conservative, frankly, and create optionality. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. Camino knew the area was complex. Forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, and actual results may differ materially from those in the forward-looking statements as a result of various factors. Camino is absorbing two other companies backed by Dallas-based NGP, Luxe Energy LLC and 89 Energy II LLC, according to people familiar with the matter. 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. 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. As the company grew, the importance of scale continued to drive its narrative. He joined NGP in 2022. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. Patrick Leach The firm is based in Evanston, Illinois and has offices in London and Houston. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. Drilling Activity ( By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. Cision Distribution 888-776-0942 Weve done that by having the large equity support from NGP. 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. The probe was an offset to a Ward-operated well that was drilled a year before the acquisition. This transaction is valued at approximately $6.4 billion as of April 1, 2021, comprised of approximately 27.2 million shares of Pioneer common stock, $1 billion of cash and approximately $0.9. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . 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? The plan is to lower its debt from 2x EBITDA to closer to 1x by year-end. It is focused on the acquisition, exploration and development of high-quality, oil and liquids rich assets in the Permian Basin of Texas and New Mexico which is recognized as the top . Pioneer plans to finance the cash portion of the purchase price through a combination of cash on-hand and existing borrowing capacity under its revolving credit facility. It was originally published June 1, 2020.]. Today, basically 100% of the companys PDP wedge is hedged for the balance of 2020. 2023 Hart Energy. 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. Independent oil and natural gas acquisition and development company. Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? Open. 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? Based upon that IP30 rate, it is still one of the top three wells ever drilled in the SCOOP, Polzin said. The company made its first acquisition in the middle of 2017. SCOOP and Merge plays of Central Oklahoma. 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. Centennial was sold to Silver Run later that year. We can work marketing better now that were bigger and optimizing our infrastructure, whether its water handling or selling gas and moving NGL downstream with pipes. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Sometimes a portion will also be pushed into the following year. It employs 21-50 people and has $10M-$25M of revenue. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. Instantly unlock over 15 years of A&D transactions and financing data. 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 We hope to do some deals., Hayes added, They are very well hedged. The deals left a pair of veteran leadership teams without a home. For more information about the Acquisition, please see the Report on Form 6-K furnished by CHNR with the U.S. Securities and Exchange Commission (the "SEC") on February 28, 2023. 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. 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. Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. By February 2020, the company was operating a single rig. So we said lets try it again. Apollo had assets under management of approximately $455 billion as of December 31, 2020 in its various affiliated private equity, credit, and real estate funds. This press release is not an offer of securities for sale in the United States. 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. The capital markets felt like they got burned and threw the baby out with the bath water.. Today, they are at zero. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. 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. It just is what it is. With Centennial, the whole plan was to go public. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . 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. 1401 17th Street, Suite 900 Whereas with most of our companies, we have not only hedged their J.P. Morgan Securities LLC is serving as lead financial advisor to Double Eagle and sponsors, with Citi and RBC Capital Markets also acting as financial advisors. Subscribe for free to our newsletters for the latest energy news. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . from 208 actively producing wells in 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.". We were certainly giving up upside but reducing our downside.. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. 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"). Its more of that U-shaped recovery. 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. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Camino is headquartered in Denver, Colorado. 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. Its imperative that we have consistent and robust hedges, Hayes explained. I think the capital markets narrative that the Midcontinent will never recover is a false narrativeits fake news, Hayes said. 1 min read. 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. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. Click here to Upgrade And Get Immediate Access. For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. Please Upgrade it take less then a minute. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Land / Acreage . 2023 Hart Energy. Scoops about Camino Paving . Merge with some other companies, maybe. (SOURCE: CAMINO NATURAL RESOURCES LLC) 2023 Shale Experts, All rights reserved. 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. Buy some other companies, maybe, but the goal is to be bigger because it is just a better economic, stable position for everybody involved. 7 min read. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. 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. Dec 2018 - Present4 years 3 months. 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. Total 4 lots, 564, 582, 604 Camino De Teodoro Walnut, CA 91789 APN: 8722-019-025, 8722-019-028, 8722-019-029, 8722-019-033. This transaction is valued at approximately $6.4 billion as of April 1, 2021, comprised of approximately 27.2 million shares of Pioneer common stock, $1 billion of cash and approximately $0.9 billion of debt and liabilities. New Mexico Wells Drilled by Operator in 2021. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. For more information about Apollo, please visit www.apollo.com. We were anticipating a tough market. For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. Rextag database of energy infrastructure assets. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Camino is headquartered in Denver, Colorado. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. The rumor mill kicked into overdrive on Friday when Bloomberg published an article saying Pioneer Natural Resources Co., one the largest independent oil producers in the U.S., is considering (negotiating for) an acquisition of Marcellus driller Range Resources Corp., according to "people familiar with the matter.". These teams spun out around the same time to figure out what was next career-wise. 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. of N/A. In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. (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 . 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. Of Camino, explained offering amount based upon that IP30 rate camino natural resources acquisition it still. 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