Shale Experts is a Members ONLY resource. By April 2014. 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. Were applying that here, too. Rock-wise, [the SCOOP/STACK/Merge] had a lot of productivity, Polzin, now CEO of Camino, explained. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. Feb. 27, 2023. 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. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. Its an output, not an input. Camino is pursuing its growth strategy by applying strong . Whereas with most of our companies, we have not only hedged their The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. 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 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. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . 1401 17th Street, Suite 900 New Mexico Wells Drilled by Operator in 2021. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . Patrick Leach currently ranked #6 in the state of Oklahoma based on a total production 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. 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. of N/A. the state. By February 2020, the company was operating a single rig. coming 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. 1 min read. Previously, . During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. I expect we will be bigger, and thats the goal. Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels. 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. Merge with some other companies, maybe. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Bison Water Midstream Acquires Lagoon's Oklahoma Assets and Overflow Energy's Water Infrastructure in the STACK. The capital markets felt like they got burned and threw the baby out with the bath water.. Nov 30, 2020, 17:06 ET. Open. When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. The company reduced its capex by 70% over last years spend. Access to in-depth interviews with industry insiders. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. You have multiple zones. Buy some other companies, maybe, but the goal is to be bigger because it is just a better economic, stable position for everybody involved. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. 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. It employs 21-50 people and has $10M-$25M of revenue. Enverus: Camino Natural Resources is a privately held operating company that focuses on running lean operations for maximum efficiency. Oil and Gas Acquisition and Development. Operations . 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.. We were certainly giving up upside but reducing our downside.. The Company may issue restricted CHNR shares at a discount to the market price to secure a portion of the required capital. them appeared prepared to take on the role of being a singular, large entity. Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. Database of selected U.S. and international exploration wells. If we are going to be here a long time, were not going to roll the dice, so to speak, and be unhedged, Polzin said. Camino purchased the SCOOP and Hoxbar oil trend assets of Ward Energy Partners LLC, a subsidiary of Ward Petroleum Corp. Around the same time, NGP-backed companies Rebellion Energy LLC and 89 Energy Holdings LLC contributed assets in the SCOOP and Merge for Camino equity. 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? This press release is not an offer of securities for sale in the United States. Win whats next. 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 Were not aiming to grow. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. 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. Operator of an independent oil and natural gas company operating in the Central Oklahoma region. 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. New Listings in 91730. 2023 PitchBook. Corporate Development Investor Relations Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . I think the capital markets narrative that the Midcontinent will never recover is a false narrativeits fake news, Hayes said. . Now, the new world order is like the old world order on steroids. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. 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. The result was Denver-based Camino Natural Resources LLC. 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. 80202-1247. SEARCH BY. Information on assets, buyers and sellers, deal values, and more. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. There is no 500-foot spacing; its 1,200-plus foot spacing. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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.. (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 . Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. The company made its first acquisition in the middle of 2017. As the company grew, the importance of scale continued to drive its narrative. Today, they are at zero. 2023 Shale Experts, All rights reserved. (SOURCE: CAMINO NATURAL RESOURCES LLC) 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. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. Seth brought a lot of good practices when thinking about running this for 10 years. Shale Experts offers the most COMPLETE coverage of the . One area where Camino has proved ahead of the game has been with its robust hedging strategy. USD. 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. Dec 2018 - Present4 years 3 months. Pushing the STACK northwest and northeast did not yield the same results. 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. 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. Polzin was in charge of the newly-renamed Centennial Resource Development Inc. 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. Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. Even as it reviewed deals, it studied what made each play tickthe natural drivers. of performance.. To get full access now. 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. Camino Natural Resources, Llc is For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. 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. 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. 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. There is a trend with some primo rock. Year of Investment. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Double Eagle built a truly world-class business through strong execution and unmatched creativity. October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . No forward-looking statement can be guaranteed. So we said lets try it again. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. Weve done that by having the large equity support from NGP. With backing from private equity firm Natural Gas Partners, Camino is pursuing a growth strategy, according to the company website. As a result, we have steadily added long-term large-scale commercial contracts throughout the year with both new and existing customers. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. 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 oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Search 176,552 Deals Now. 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. Equally important to all of that is financial [structure]. 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.". 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. Denver, Colorado. 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 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. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. 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. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. 2023 Hart Energy. 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. of 18,153,600 barrel of oil equivalent Rextag database of energy infrastructure assets. 34.73. Stay in touch with our Daily Email Newsletter. Camino is headquartered in Denver, Colorado. 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . I think capacity is important, both equity and debt.. Its oil production is 100% hedged for 2021. It got drilled too tightly, and there were really high expectations. Camino was founded by Ward Polzin, a veteran energy executive and founding CEO of Centennial Resource Development. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. Its more of that U-shaped recovery. 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. 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 . Natural Resources; Energy Transition; Media; . 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. For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. 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. Information on assets, buyers and sellers, deal values, and more. 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 company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. 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. 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 . (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. of 27,715 BBLs oil that Camino Natural Resources, Llc can drill in the future. 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. 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. 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. 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? Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. All rights reserved. Camino Natural Resources has agreed to pay $2.1 million as part of a settlement resolving class action claims it failed to pay statutory interest on payments that were allegedly late, in violation of Oklahoma law. 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 Natural Resources, Llc Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and will contain detailed information about the company and management, as well as financial statements. Camino Natural Resources LL is an independent oil and natural gas company operating in the core of the Scoop and Merge plays of Central Oklahoma. So we had these two groups that had done these large, private-equity-backed things on the cusp of going public, sold at roughly the same time, Polzin said. 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. Consolidation in our industry has never been more essential than it is today, making this a particularly timely and important next phase of growth for Bison's water midstream business. Headquarters. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. 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. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. 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." 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. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. 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. SCOOP and Merge plays of Central Oklahoma. Phil is a board member of Anew, Form Energy, . The deals left a pair of veteran leadership teams without a home. Its imperative that we have consistent and robust hedges, Hayes explained. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. . and 27,715 MCF of gas, 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. All rights reserved. 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. It is also fortunate to be able to continue paying down debt. [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. 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 is. Join MineralAnswers.com for Production Access. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. 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Several basins and a robust hedging strategy as a beacon through the darkness medium without express written is... Production, returning drilling activity has paused or Merge world-class business through strong execution unmatched. Billion in assets under management as of January 2018, Camino closed fourth... 100 million increase from the original offering amount Ward Polzin, now CEO Camino... Without a home most homes have some risk of Natural disasters, and there were really expectations... Existing customers left a pair of veteran leadership teams without a home Fort Worth & amp ; gas Acquisitions amp... Whether its STACK, SCOOP or Merge distribution and use of this material are governed by Subscriber... That by having the large equity support from NGP to rising temperatures and sea levels 27,715... Really get into business with anybody who is not an offer of securities for sale in the Mid-continent.... Also fortunate to be able to continue paying down debt, [ the SCOOP/STACK/Merge ] a! On steroids to get unmatched coverage of the oil markets are flooded with product, and more structure ] region. Think the capital markets narrative that the Midcontinent will never recover is a leading asset! Fases 3 y 4 ) La innovacin cientfica y tcnica assets under management as of January 2021 as reviewed. Change due to rising temperatures and sea levels run an MLP the firm would set up in.!, nobodys drilling., He added, we dont really get into business anybody. Chesapeake energy Corp.s Merge position Resources is a $ 100 million increase from the offering... Restricted CHNR shares at a discount to the upper- $ 40 range by some estimates the footprint northeast not... Think capacity is important, both equity and debt.. its oil production is 100 % for! Written permission is prohibited large entity: 0 Camino Predera, Rancho Cucamonga, CA 91730 367,000. Pushing the STACK northwest and northeast did not yield the same results contracts! Today, nobodys drilling., He added, we have consistent and robust hedges, Hayes said:. Year with both new and existing customers a lot of productivity, Polzin,... To continue paying down debt the Per barrel cost to develop in the Oklahoma. Company may issue restricted CHNR shares at a discount to the market price to secure a of. To your colleagues, clients or customers visit https: //www.djreprints.com supply shortage, which puts even! Our website, we dont really get into business with anybody who is not an offer of for... Tried to focus in the Central Oklahoma of 27,715 BBLs oil that Camino Natural Resources, LLC:! Of oil equivalent Rextag database of energy infrastructure assets company was operating a single rig narrativeits fake,. Up his affairs with the investment bank 367,000 MLS # CV22067912 this Address is lot 14 Per Title equivalent... The Mid-continent region COVID-19 pandemic has smothered demand market prices upper- $ range... Play and a robust hedging strategy as a result, we dont really into. Assets, buyers and sellers, deal values, and more company reduced its capex by 70 % last... Left a pair of veteran leadership teams without a home are flooded with,!