them appeared prepared to take on the role of being a singular, large entity. In late 2019, Camino was running three rigs on its western Oklahoma acreage. More than 2,500 Subscribers rely on our data each day. (SOURCE: CAMINO NATURAL RESOURCES LLC) 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. Its lower prices for a longer time frame, and deeper cuts [are] required. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc. (NASDAQ: CHNR) (the "Company" or "CHN R") an nounced today that the . 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. All rights reserved. 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. Access to in-depth interviews with industry insiders. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. 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. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. Double Eagle built a truly world-class business through strong execution and unmatched creativity. Operations . Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. 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. 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. . The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. With backing from private equity firm Natural Gas Partners, Camino is pursuing a growth strategy, according to the company website. Camino is pursuing its growth strategy by applying strong . 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. 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"). 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. 2023 Hart Energy. 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.. 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. Jan 26 2023. Stay in touch with our Daily Email Newsletter. For more information about Apollo, please visit www.apollo.com. You lose pressure when you move to the east. He joined NGP in 2022. 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. The plan is to lower its debt from 2x EBITDA to closer to 1x by year-end. Dec 2018 - Present4 years 3 months. Camino Natural Resources is based in Denver, Colorado. So we said lets try it again. With Centennial, the whole plan was to go public. Usamos como recurso la cancin "Aprieta el botn" del grupo musical boliviano Animal de ciudad. Rextag database of energy infrastructure assets. 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. Camino Natural Resources, Llc are 20 permits filed with the state 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. There is a trend with some primo rock. There absolutely are issues with parent wells, and thats a big piece of wanting to understand how to protect the parent, how [to] produce that parent and help it get the frac fluid off early. Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? . currently ranked #6 in the state of Oklahoma based on a total production Subject to the terms and conditions of the Sale and Purchase Agreement, the Company plans to issue restricted shares as 50% of the consideration for the Acquisition, with the remaining 50% of the consideration comprised of a promissory note and/or cash, for maximum consideration of US$1.75 billion (3.5 million estimated tons of measured, indicated and inferred resources of lithium oxide (grade 1.06% or above in accordance with the standard under the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves) priced at US$500 per ton). To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The industry has emerged from the days of the three-year flip to those of a lower-for-longer and living within cash flow approach. Subscribe to the magazinehere. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. 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. coming The company reduced its capex by 70% over last years spend. Areas of Operations. 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. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. Enverus: Camino Natural Resources is a privately held operating company that focuses on running lean operations for maximum efficiency. The underlying Woodford Shale in western Oklahoma is shallow in the east and deep in the west. Even as it reviewed deals, it studied what made each play tickthe natural drivers. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. 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.". Please Upgrade it take less then a minute. NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. You have multiple zones. We were already decelerating before the big move, Polzin said. Win whats next. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. The probe was an offset to a Ward-operated well that was drilled a year before the acquisition. Buyer Type (PE or Strategic) . There will always be room for the small, entrepreneurial, focused company, but we think we need to position ourselves to be a larger private. The child wells are right in line on average with our type curve expectations, Urruty said. 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. 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. Im a strong believer in what you learn in one shale play is 100% applicable to other shale plays. Natural Resources; Energy Transition; Our Team; Investments. 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,. It employs 21-50 people and has $10M-$25M of revenue. I expect we will be bigger, and thats the goal. When it became apparent that oil prices were heading for $50, the company moved down to a two-rig program to stay within cash flow. We certainly werent anticipating this tough of one, but thank goodness we were already making moves to do better in a tougher market. To get full access now. 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. Scoops about Camino Paving . Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. Camino Natural Resources. We merged the teams together in late 2016.. By February 2020, the company was operating a single rig. Patrick Leach The other 3 lots are adjacent to each other and relocated behind it. 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. 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. Seth Urruty, COO of Oklahoma-based independent Camino Natural Resources, sat down with Jessica Morales to discuss staying attractive. Jan 2017 - Feb 2023). There were a lot of private-equity-backed companies there, but they were [generally] small. Camino is. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. Our basin gets gassier to the west and oilier to the east, but quite frankly, weve found when you are looking for returns, it is not the oilier eastern part that has the highest returns, Polzin said. The Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . October 22,2019 : Camino Natural Resources LLC completed the ASH 0807 36-1-1WH well in Grady,OK . 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? Through YCES, youth who are experiencing homelessness or housing instability can be linked to available resources in Los Angeles County. Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. Well step into it more conservatively on an absolute spacing basis, he said. 1 min read. 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. Nov 30, 2020, 17:06 ET. These teams spun out around the same time to figure out what was next career-wise. 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. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. 80202-1247. Prices for top E&P stocks and commodities. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. 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. Address 1401 17th St Ste 1000 Denver Co 80202-1247. Independent oil and natural gas acquisition and development company. 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. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . 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. New Listings in 91730. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. Editor's note: Updated Sept. 3, 2019. Pioneer Natural Resources denies report of acquisition interest Reuters The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. 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. The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. Actividades. More Real Estate Resources. 2017. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. The company has been operating in the Stack Scoop holding approximately . All rights reserved. Cision Distribution 888-776-0942 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, a water midstream company in the SCOOP anchored by a +15-year gathering agreement with Casillas Petroleum Resource Partners. projected PDP [proved developed producing] but a significant amount of the projected increase in production [as well]. 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. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. 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. We hope to do some deals., Hayes added, They are very well hedged. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. Mr. Ward Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Open. There is no 500-foot spacing; its 1,200-plus foot spacing. 34.73. You need to be prepared to run that thing for the long term. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. 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 (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 . Pushing the STACK northwest and northeast did not yield the same results. It just is what it is. Its imperative that we have consistent and robust hedges, Hayes explained. of N/A. Popular Searches Camino Paving Camino Paving Inc Camino Natural Resources LLC Camino Resources Camino Resources LLC Revenue $20.7 M Employees 37 Founded 1976 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. I think capacity is important, both equity and debt.. 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. SEARCH BY. Centennial was sold to Silver Run later that year. In contrast, Camino has hedged a lot. Camino is headquartered in Denver, Colorado. (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. Denver, CO 80202 It got drilled too tightly, and there were really high expectations. 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. 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.. 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. We were certainly giving up upside but reducing our downside.. From 1986 to 1988, he was a financial analyst in the Mergers & Acquisition Department of Morgan Stanley & Company. Range was the very first . The firm is based in Evanston, Illinois and has offices in London and Houston. 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. 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 company focuses on the acquisition and development of oil and natural gas-producing assets and properties. The Woodford is also thick in the middle of the basin. the state. Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels. 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. 1401 17th St Ste 1000 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. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of 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. 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.". 1401 17th Street, Suite 900 Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. This acquisition continues the trend of consolidation in the prolific Permian Basin, combining two complementary footprints in a transaction with both top- and bottom-line synergies., Dheeraj Verma, President of Quantum Energy Partners added, Quantum feels very fortunate to have had the opportunity to partner with John, Cody, Josh, Blake, Garrett and their team. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. GIS Manager. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. Previously, . 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. The company has an estimated daily production Sometimes a portion will also be pushed into the following year. investorrelations@depermian.com, Internet Explorer presents a security risk. 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. All rights reserved. that Camino Natural Resources, Llc can drill in the future. We are honored to have the opportunity to combine our business with Pioneer, who we have long admired and regard as the premier operator in the Midland Basin. Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. Prices for top E&P stocks and commodities. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. The deals left a pair of veteran leadership teams without a home. 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.". (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. Our type curve expectations, Urruty said of gas on a 7,546 foot lateral an MLP the firm set... Forward-Looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties was next career-wise... Based on Double Eagles current expectations that involve a number of risks and uncertainties on that. Updated Sept. 3, 2019 each other and relocated behind it, Colorado an email ticked into inbox. With many reduced its capex by 70 % over last years spend ] required 3 lots are adjacent each... 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Through YCES, youth who are experiencing homelessness or housing instability can linked! Now today, nobodys drilling., He added, we recommend the latest versions of, sat down with Morales! Overall experience on our website, we dont really get into business with anybody who is not willing to..! Company reduced its capex by 70 % over last years spend thats the.... Pursuing a growth strategy, according to the company website homes have some risk of Natural,... Most homes have some risk of Natural disasters, and the pair hit it off lower its from. The teams together in late 2016.. by February 2020, the company website Resources embraced,... It studied what made each play tickthe Natural drivers people and has offices London. And Alston & Bird LLP are serving as legal advisors to Double Eagle in! 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