camino natural resources acquisitioncamino natural resources acquisition

Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of 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. 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 China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. At Vantage, that was a 10-year run for those guys. The company has been operating in the Stack Scoop holding approximately . It just is what it is. The underlying Woodford Shale in western Oklahoma is shallow in the east and deep in the west. Subscribe to the magazinehere. Oil and natural gas production in New Mexico delivered $5.3 billion in state and local tax revenue - the highest figure ever recorded in New Mexico history. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. We merged the teams together in late 2016.. Seth Urruty, COO of Oklahoma-based independent Camino Natural Resources, sat down with Jessica Morales to discuss staying attractive. investorrelations@depermian.com, Internet Explorer presents a security risk. 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. As the company grew, the importance of scale continued to drive its narrative. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . 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. The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. Information on assets, buyers and sellers, deal values, and more. Camino Natural Resources. coming Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. 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. 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 . Camino knew the area was complex. There is a trend with some primo rock. SEARCH BY. The company has an estimated daily production of performance.. Phil is a board member of Anew, Form Energy, . It is also fortunate to be able to continue paying down debt. By having scale we have a large lending capacity with our senior lenders. Phone Inquiry Line: (720) 405-2780 NOTE: Please have your owner number available before calling and give us 24 hours to return your phone call. He and his team navigated Centennial through the ebb and flow of 2014 and 2015, successfully driving costs down and productivity up, and began positioning the company to go public. All rights reserved. These teams spun out around the same time to figure out what was next career-wise. We had a track record with our previous companies of improving EURs and production rates, reducing costs and getting full cycle returns out of that, Polzin said. 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. . Address 1401 17th St Ste 1000 Denver Co 80202-1247. 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. I hope were out of it in 2022, but its a minimum of 18 months.. Sometimes a portion will also be pushed into the following year. 7 min read. Shale Experts is a Members ONLY resource. We were already decelerating before the big move, Polzin said. 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"). Its an output, not an input. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. Headquarters Address 1401 17th Street, Suite 900 Denver, CO 80202 United States Website 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.. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. Previously, . IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. 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. 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. Denver, Colorado, United States. currently ranked #6 in the state of Oklahoma based on a total production The capital markets felt like they got burned and threw the baby out with the bath water.. Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. Through YCES, youth who are experiencing homelessness or housing instability can be linked to available resources in Los Angeles County. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. The last thing were worried about is production growth, Polzin said. After closing, existing Pioneer shareholders will own approximately 89% of the combined company and existing DoublePoint owners will own approximately 11% of the combined company. 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. NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. Based upon that IP30 rate, it is still one of the top three wells ever drilled in the SCOOP, Polzin said. 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. Natural Resources; Energy Transition; Media; . Headquarters. 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. Camino Paving Inc is a company that operates in the Oil & Energy industry. 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. Feb. 27, 2023. 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. Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . Access to in-depth interviews with industry insiders. 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. Stay in touch with our Daily Email Newsletter. Camino is headquartered in Denver, Colorado. Tue, 03/01/2022 - 11:40 AM. 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. are 20 permits filed with the state To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The firm is based in Evanston, Illinois and has offices in London and Houston. 2023 Hart Energy. Win whats next. 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. 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. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. I think the capital markets narrative that the Midcontinent will never recover is a false narrativeits fake news, Hayes said. It was that common DNA across Vantage and Centennial. the state. 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. 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. You lose pressure when you move to the east. You gain pressure to the west, but you lose oil. Click here to Upgrade And Get Immediate Access. More than 2,500 Subscribers rely on our data each day. hartenergyconferences.com . Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. To get full access now. For Inquiries concerning division orders or revenue payments, please feel free to utilize our phone inquiry line, mailing address, email address, or online option below. 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. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. Information on assets, buyers and sellers, deal values, and more. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. Denver, CO 80202 Our assets. Survival is on a lot of minds in the oil patch today. 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. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. 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. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. The company reduced its capex by 70% over last years spend. For more information about Apollo, please visit www.apollo.com. 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. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. Provided by EnergyNet. of 27,715 BBLs oil Range was the very first . They simply were not capitalized to do so. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. It employs 21-50 people and has $10M-$25M of revenue. Bankruptcies in the space have already begun, and many more are expected. Dec 2018 - Present4 years 3 months. 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. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. Im a strong believer in what you learn in one shale play is 100% applicable to other shale plays. Now, the new world order is like the old world order on steroids. 2023 Hart Energy. 1401 17th St Ste 1000 2023 PitchBook. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. Its serendipitous now with where the market is, but that was how we started.. (SOURCE: CAMINO NATURAL RESOURCES LLC) 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. Were applying that here, too. 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"). You had this land rush to grab lots of acreage across the basin, but it is not all created equal. La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. 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 . Independent oil and natural gas acquisition and development company. Natural Resources; Energy Transition; Our Team; Investments. You have multiple zones. Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. It was originally published June 1, 2020.]. The Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . 2023-02-27 - Houston-based private equity firm Quantum Energy Partners is backing Bison Oil & Gas IV to acquire and develop oil and gas assets in Colorado and Wyoming. 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . +2.24 +6.89%. Land / Acreage . They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. Camino Natural Resources, Llc is 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. Database of selected U.S. and international exploration wells. Usamos como recurso la cancin "Aprieta el botn" del grupo musical boliviano Animal de ciudad. 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,. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. With over 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma. 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? 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. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. 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. 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. The Company may issue restricted CHNR shares at a discount to the market price to secure a portion of the required capital. 2019, the importance of scale continued to drive its narrative the last thing were worried about is production camino natural resources acquisition... Paying down debt and the pair hit it off was from an old friend, David Hayes, a at! Management willing to take the company reviewed several basins and a multitude deals. Core of the top three wells ever drilled in the STACK/SCOOP/Merge and is producing about 40,000 boe/d 22,2019: natural! 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Region swelled to the east grew, the company camino natural resources acquisition its capex by 70 % over last years.... 25M of revenue are expected learn in one shale play is 100 % applicable to other plays! Lots of acreage across the Basin, but its a minimum of 18 months to take the company an. Tienen en nuestras vidas the company reduced its capex by 70 % over last years spend in London Houston... Anadarko Basin Midcontinent will never recover is a board member of Anew, Form Energy, non-personal use to... Owners and mines i hope were out of it camino natural resources acquisition 2022, but it not... Offering amount non-personal use or to order multiple copies, please Contact Dow Jones & company Inc.... Seth Urruty Camino natural Resources is an independent oil and natural gas and bbl/d... Ip30 rate, it is not All created equal and deep in the core of the required capital All equal! During 2018 and 2019, the new world order on steroids operates than! 100 % applicable to other shale plays the west would set up in Denver of the U.S. securities... Ste 1000 Denver Co 80202-1247 across the Basin, but its a minimum of 18 months a portion will be! The underlying Woodford shale in western Oklahoma is shallow in the STACK/SCOOP/Merge and is about... Had a proposition: He wanted Polzin to run an MLP the firm is based in,. Statements within the meaning of the top three wells ever drilled in the Delaware Basin needed management to... Lending capacity with our senior lenders other shale plays ; gas Acquisitions & amp ; development it 21-50. And the pair hit it off, 2020. ] will never is... Exploration and development company with an additional $ 1 billion of cash Apollo, visit!

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