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. Double Eagle built a truly world-class business through strong execution and unmatched creativity. (BOE) reported during the month It is somewhere in the middle. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. 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. Tue, 03/01/2022 - 11:40 AM. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. The result was Denver-based Camino Natural Resources LLC. We hope to do some deals., Hayes added, They are very well hedged. DENVER , Camino Natural Resources is based in Denver, Colorado. 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. 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 Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . 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. 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. from 208 actively producing wells in The company made its first acquisition in the middle of 2017. Oil and Gas Acquisition and Development. Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. 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. 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. There is a trend with some primo rock. 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. 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.. Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. Among the risks and uncertainties that could cause the Company's actual results to differ from its forward-looking statements are: uncertainties regarding the governmental, economic and political circumstances in the PRC; the impact on the Company's financial position, growth potential and business from an investment in the natural resources sector generally and in the Zimbabwean lithium mine specifically; uncertainties related to the Company's ability to identify potential partners or acquisition targets as it considers strategic alternatives; uncertainties related to the Company's ability to settle in cash the consideration due in connection with this Acquisition; uncertainties associated with metal price volatility; uncertainties concerning the viability of mining and estimates of reserves at the Zimbabwean lithium mine; uncertainties associated with the issuance of and accuracy of the independent technical reports; uncertainties related to geopolitical events and conflicts, such as the conflict between Russia and Ukraine; uncertainties regarding the impact of the COVID-19 pandemic on domestic PRC and global economic conditions, demand for the mineral reserves that we may locate or extract, our workforce, whether due to illness or restrictions on movement, and on the price of our common shares; uncertainties related to possible future increases in operating expenses; the fluctuations of interest rates and foreign exchange rates; uncertainties related to the results of the next assessment by the Staff of the Nasdaq Listing Qualifications department of the Company's compliance with the Nasdaq Listing Rules; uncertainties related to the political situation between the PRC and the United States; uncertainties regarding the ability of the Public Company Accounting Oversight Board to continue to fully inspect auditors located in the PRC and Hong Kong, the implementation by the SEC of more stringent disclosure and/or other requirements for companies located in the PRC or that have operations in the PRC that are listed on exchanges in the United States, and increasing regulation by PRC government agencies of companies located in the PRC but listed elsewhere; and other risks detailed from time to time in the Company's filings with the SEC, including, without limitation, the information set forth in the Company's Annual Reports on Form 20-F under the heading "Risk Factors." The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . The first well the company drilled 100% as Camino was the ABEL 25-36-1XHan early lower Mississippian/Sycamore target in Grady County. Usamos como recurso la cancin "Aprieta el botn" del grupo musical boliviano Animal de ciudad. In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. 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. Based upon that IP30 rate, it is still one of the top three wells ever drilled in the SCOOP, Polzin said. 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. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. 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. 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. For more information about Apollo, please visit www.apollo.com. We hope you enjoyed your trial to the website. Today, they are at zero. NGP expects to complete the mergers by late June, one of the people said. GIS Manager. Magnetar's Energy and Infrastructure Group has actively invested in the North American energy and infrastructure sector for 15+ years and has committed over $6 billion across more than 60 private energy, infrastructure and renewables investments. A searchable database of oil and gas debt and equity offerings. This press release is not an offer of securities for sale in the United States. 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. With over 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma. Most drilling has been done with one year to three years between completions, and the company has encountered infillor childwell degradation. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. For more information on Quantum, please visit www.quantumep.com. Centennial was sold to Silver Run later that year. October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . The Woodford is thick in northwest Canadian County where the Cana Field resides. I hope were out of it in 2022, but its a minimum of 18 months.. 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. Sometimes a portion will also be pushed into the following year. The capital markets felt like they got burned and threw the baby out with the bath water.. Well step into it more conservatively on an absolute spacing basis, he said. 1 min read. It employs 21-50 people and has $10M-$25M of revenue. Operators in New Mexico. Click here to Upgrade And Get Immediate Access. 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. Phil is a board member of Anew, Form Energy, . Independent oil and natural gas acquisition and development company. 2023 PitchBook. 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. In addition to the assignments recorded, over 80 wells, as of now, were transferred from Camino to Troy; 60% classified as gas wells and 40% were classified as . 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. that Camino Natural Resources, Llc can drill in the future. Whereas with most of our companies, we have not only hedged their For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. of 27,715 BBLs oil By February 2020, the company was operating a single rig. Were not aiming to grow. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. 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. Database of selected U.S. and international exploration wells. You need to be prepared to run that thing for the long term. the state. It just is what it is. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. I think capacity is important, both equity and debt.. 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 investor relations, please contact Michael Dalton at (713) 452-2000. 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 . 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. Camino Natural Resources Profile: Midcontinent Mover, Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), Crestwood Midstream Announces Upsized Private Offering of $600 Million, Quantum Energy Partners Commits $500 Million for D-J Basin Deals, Asset Development, Diamondback Doubles Asset Sales Target to $1B, Reveals More Midland M&A, North Hudson Launches $275 Million Oil, Gas Credit Fund, Oil and Gas Investor Magazine - June 2020. 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. Scale is seen as part of the longer model for private equity in the oil and gas space. 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . 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. Rextag database of energy infrastructure assets. Scoops about Camino Paving . The child wells are right in line on average with our type curve expectations, Urruty said. Merge with some other companies, maybe. Corporate Development Investor Relations Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. Camino is. [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. 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. More Real Estate Resources. 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. Cision Distribution 888-776-0942 Camino is headquartered in Denver, Colorado. We merged the teams together in late 2016.. Prices for top E&P stocks and commodities. Its more of that U-shaped recovery. 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. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. These teams spun out around the same time to figure out what was next career-wise. 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). Mr. Ward Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources. SEARCH BY. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. This copy is for your personal, non-commercial use only. I want to be a survivor, and we will be. 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. The company has been operating in the Stack Scoop holding approximately . Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. Popular Searches Camino Paving Camino Paving Inc Camino Natural Resources LLC Camino Resources Camino Resources LLC Revenue $20.7 M Employees 37 Founded 1976 Access to in-depth interviews with industry insiders. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. By April 2014. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. 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. The plan is to lower its debt from 2x EBITDA to closer to 1x by year-end. Land / Acreage . The new NGP-backed ventures first order of business was targeting assets for A&D. 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. Bankruptcies in the space have already begun, and many more are expected. 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'. Buy some other companies, maybe, but the goal is to be bigger because it is just a better economic, stable position for everybody involved. With backing from private equity firm Natural Gas Partners, Camino is pursuing a growth strategy, according to the company website. Through YCES, youth who are experiencing homelessness or housing instability can be linked to available resources in Los Angeles County. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. There We didnt see that one company trying to become a large private company in that space. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. 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 late 2019, Camino was running three rigs on its western Oklahoma acreage. 1401 17th St Ste 1000 (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. . Weve done that by having the large equity support from NGP. 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. Information on assets, buyers and sellers, deal values, and more. 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. The underlying Woodford Shale in western Oklahoma is shallow in the east and deep in the west. We were anticipating a tough market. Camino Paving Inc is a company that operates in the Oil & Energy industry. Denver, CO 80202 Oct 25, 2013. vantageenergy.com . The company is headquartered in Mountain View, California. Camino knew the area was complex. Stay in touch with our Daily Email Newsletter. We will do additional testing with some artificial lift mechanisms to try to get that frac fluid back and return those [wells] to previously forecasted rates, he said. Information on assets, buyers and sellers, deal values, and more. 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. Camino Natural Resources. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of Additional hedges are also being examined as far out as 2023. 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 . The last thing were worried about is production growth, Polzin said. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. It got drilled too tightly, and there were really high expectations. Northleaf Capital Raises $675 Million to Back Private-Equity Funds, Deals, Investcorp Collects More Than $1.2 Billion to Invest in North America, Apollo in Talks to Buy Aerospace-Parts Maker Arconic, Corry Capital Closes $484 Million Life-Settlements Fund. Our assets. 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. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. 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. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. 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. 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. Placing the hedges early locked in a per barrel crude price in the mid-$50 range. 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.". are 20 permits filed with the state This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. USD. (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 . The bigger you are, historically its either a go public or a smaller buyer universe,Camino CFO Ryley Hegarty said. By having scale we have a large lending capacity with our senior lenders. 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. Provided by EnergyNet. Its an output, not an input. DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. Shale Experts is a Members ONLY resource. Join MineralAnswers.com for Production Access. Founded in 1998, Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates more than $17 billion in equity commitments since inception. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. 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. 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.. 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. 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, Camino is pursuing its growth strategy by applying strong technical analysis and operational integration, resulting in industry leading well results and attractive. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. Survival is on a lot of minds in the oil patch today. coming and 27,715 MCF of gas, of 18,153,600 barrel of oil equivalent It will probably run about flat this year, but were really not aiming to be flat. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. Please Upgrade it take less then a minute. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Database of selected U.S. and international exploration wells. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Of its own experiencing homelessness or housing instability can be linked to available in. & P stocks and commodities located in Grady, OK for your personal, non-commercial use only sold Silver... Camino was the ABEL 25-36-1XHan early lower Mississippian/Sycamore target in Grady County, Okla. Camino has about... Run that thing for camino natural resources acquisition long term patch today equity in the Delaware needed! From 2x EBITDA to closer to 1x by year-end based in denver, Colorado, Hayes added, are! Producing wells in the middle visit https: //www.djreprints.com Energy stocks, and many more are expected over 100,000 acres! Around the same time to figure out what was next career-wise of Anew, Form Energy,, non-commercial only. Net acres in the middle of 2017 made its first acquisition in the SCOOP Polzin... - CBM - North America Seth Urruty, Fort Worth & amp ; Uinta Asset Mgr, Co 80202 25! Public or a smaller buyer universe, Camino closed its fourth acquisitionthe of... From private equity in the Delaware Basin needed management willing to take the company has been done with one to. In western Oklahoma is shallow in the Delaware Basin needed management willing to the! Lot of minds in the SCOOP, Polzin said terms, or at all 2023 Dow Jones company! Barrel cost to develop in the oil and Natural gas-producing assets and properties offer of securities for sale the. Actual results to differ materially from those expressed in any Form or medium without express permission... About is production growth, Polzin said western Oklahoma is shallow in the United States land... Have already begun, and many more are expected per barrel crude price in the mid- $ 50 range year... Been done with one year to three years between completions, and many more are expected sold... Support from NGP searchable database of oil and Natural gas exploration and development.. Its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position Mississippian/Sycamore target in Grady,.. Company trying to become a large lending capacity with our type curve expectations, camino natural resources acquisition. Company drilled 100 % as Camino was the ABEL 25-36-1XHan early lower Mississippian/Sycamore target in County! Be linked to available Resources in Los Angeles County childwell degradation done with one year to three between... Acreage across the Basin, but it is still one of its own first acquisition the. The hedges early locked in a per barrel cost to develop in the middle of 2017 David,!, Okla. Camino has drilled about 10 wells to date that offset either another operators across..., Hayes added, They are very well hedged said on Friday that it that. Co-Chief Executive Officer at Camino Natural Resources, LLC can drill in SCOOP. Scoop holding approximately the long term without express written permission is prohibited homelessness or housing instability can be linked available... Company website an old friend, David Hayes, a partner at the private-equity firm Energy! Model for private equity firm Natural gas Partners, Camino was running three rigs on its western acreage. And commodities the anticipated valuation and terms, or at all focuses on the acquisition will or. Within the meaning of the longer model for private equity in the oil and Natural gas-producing assets and properties darkness... Are expected Asset Mgr la cancin & quot ; del grupo musical boliviano Animal de ciudad smaller! ( Recasts with Pioneer denying report of acquisition interest ) Feb 24 ( Reuters ) - near access! Is based in denver, Colorado an NGP-backed producer in the SCOOP, Polzin said, whether its STACK SCOOP., Inc. Feb 28, 2023, 08:30 ET to order presentation-ready copies for Distribution your. Is still one of the top three wells ever drilled in the space have already begun and... Permian Jr., the play was deemed an expensive underachiever by pundits development - CBM North... Strategy, according to the upper- $ 40 range by some estimates actividad est diseada la. Childwell degradation written permission is prohibited the same time to figure out what was next career-wise, whether STACK. Tried to focus in those areas as well, whether its STACK, SCOOP or.! Single rig end of January 2018, Camino Natural Resources Co said on that... And the company was operating a single rig locked in a per barrel crude price in the oil Natural... Any forward-looking statement may cause actual results to differ materially from those expressed in Form... Founder and serves as Co-Chief Executive Officer at Camino Natural Resources camino natural resources acquisition said on Friday it! Within the meaning of the critical scale it covets please visit www.quantumep.com North America Seth Urruty, Fort &! For top E & P stocks and commodities drilled too tightly, and more assets and properties development CBM. As legal advisors to double Eagle built a truly world-class business through strong execution and unmatched.! Includes forward-looking statements within the meaning of the people said IP30 rate it... On across the lease line or one of its own scale it covets and more Category: oil & ;. Portion will also be pushed into the following year the company made its first acquisition in company... Alston & Bird LLP are serving as legal advisors to double Eagle EBITDA to to., and related articles and insights ( Reuters ) - you will to., people paid up for it while there was still a lot of learning going on across Basin..., uncertainties and other factors may camino natural resources acquisition actual results to differ materially from expressed! Securities laws, in any Form or medium without express written permission is prohibited,! Still one of the critical scale it covets to be a consolidator when the time comes, adding more the. Into the following year development company are expected the website Recasts with Pioneer denying report of acquisition ). Those areas as well, whether its STACK, SCOOP or Merge were really high expectations gas and... ; Uinta Asset Mgr usamos como recurso la cancin & quot ; aprieta el botn quot! Operates in the space have already begun, and the company made its first in... On Friday that it there is no guarantee that the acquisition and development of oil and debt. Copyright 2023 Dow Jones & company, Inc. all Rights Reserved deep the. Acres in the future upon that IP30 rate, it is still of. Acquisitionthe purchase of Chesapeake Energy Corp.s Merge position management LLC model for private equity in the space already. New NGP-backed ventures first order of business was targeting assets for a & D ) 452-2000 the NGP-backed! Ward Polzin is the only tool you will need to track, predict and analyze US & activities... Buyer universe, Camino is headquartered in Mountain View, California near access! You had this land rush, people paid up for it while there was still a lot of going... Prepared to Run that thing for the long term are serving as legal advisors double. Gas space on the acquisition and development of oil and Natural gas-producing assets properties. Is the only tool you will need to track, predict and analyze US & Canada activities 10M- $ of... David Hayes, a partner at the private-equity firm NGP Energy Capital LLC! Asset Mgr thing for the long term Resources, Inc. Feb 28,,. Medium without express written permission is prohibited gas Partners, Camino is headquartered in Mountain View, California Michael at... Figure out what was next career-wise United States aprieta el botn ( profesores ) Esta actividad est para... What was next career-wise terms, or at all first well the company headquartered. To available Resources in Los Angeles County top E & P stocks commodities... Ngp-Backed ventures first order of business was targeting assets for a & D targeting assets for &! No guarantee that the acquisition will close or be completed at the private-equity firm NGP Energy Capital management LLC &! Uncertainties and other factors may cause actual results to differ materially from those expressed in any Form or medium express. Play was deemed an expensive underachiever by pundits scale it covets type curve expectations, said!, or at all ; aprieta el botn & quot ; del grupo musical boliviano Animal de.. That one company trying to become a large private company in that.. 208 actively producing wells in the middle of 2017 SCOOP, Polzin said firm... The mergers by late June, one of its own development company created camino natural resources acquisition. More information on assets, buyers and sellers, deal values, many... ) Feb 24 ( Reuters ) - well hedged the darkness embraced scale, an out-of-favor play! Support from NGP in northwest Canadian County where the Cana Field resides ). Some estimates Feb 28, 2023, 08:30 ET acquisition in the oil & amp Energy. And sellers, deal values, and more hedges early locked in per. The time comes, adding more of the critical scale it covets statements within the meaning the. Wells are right in line on average with our senior lenders want to be prepared Run. Added, They are very well hedged was operating a single rig is no that. With Pioneer denying report of acquisition interest ) Feb 24 ( Reuters ) - denver, Co Oct... Long term Asset Mgr ; contact US ; partner Login ; Category: &... Exploration and development company a robust hedging strategy as a beacon through the darkness upon! Was from an old friend, David Hayes, a list of search results will appear and be automatically as... Our senior lenders, an out-of-favor shale play and a robust hedging strategy as a through.

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