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. By April 2014. Rock-wise, [the SCOOP/STACK/Merge] had a lot of productivity, Polzin, now CEO of Camino, explained. Seth Urruty, COO of Oklahoma-based independent Camino Natural Resources, sat down with Jessica Morales to discuss staying attractive. The last thing were worried about is production growth, Polzin said. Land / Acreage . Merge with some other companies, maybe. Bankruptcies in the space have already begun, and many more are expected. The plan is to lower its debt from 2x EBITDA to closer to 1x by year-end. 9581 Retreat Pl; 9318 Hellman . Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. It is also fortunate to be able to continue paying down debt. USD. We hope to do some deals., Hayes added, They are very well hedged. and 27,715 MCF of gas, Im a strong believer in what you learn in one shale play is 100% applicable to other shale plays. The Company may issue restricted CHNR shares at a discount to the market price to secure a portion of the required capital. 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. Range was the very first . For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. the state. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. Previously, . Denver, Colorado. In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels. 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. 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 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. Today, basically 100% of the companys PDP wedge is hedged for the balance of 2020. 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. I want to be a survivor, and we will be. 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.". Buyer Type (PE or Strategic) . [We found] the sweet spot runs southeast to northwest in our basin. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. All rights reserved. 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. 2023 PitchBook. Stay in touch with our Daily Email Newsletter. 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. 1 min read. Lightly levered. 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. The Texas-based oil and gas explorer is weighing a deal for the smaller US rival as it seeks further consolidation in the shale industry, the people said, asking not to be . Headquarters. 2023 Shale Experts, All rights reserved. More Real Estate Resources. Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%. 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'. The transaction is structured as the acquisition by a Pioneer subsidiary of 100% of the limited liability company interests of DoublePoints wholly owned subsidiary, Double Eagle III Midco 1 LLC. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Its oil production is 100% hedged for 2021. 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. In addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development. Natural Resources; Energy Transition; Our Team; Investments. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Win whats next. Camino Natural Resources. 34.73. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. We were already decelerating before the big move, Polzin said. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. Shale Experts offers the most COMPLETE coverage of the . 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. Thats been a negative for our play. It will probably run about flat this year, but were really not aiming to be flat. 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. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. The firm is based in Evanston, Illinois and has offices in London and Houston. investorrelations@depermian.com, Internet Explorer presents a security risk. Polzin was in charge of the newly-renamed Centennial Resource Development Inc. 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. 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. You need to be prepared to run that thing for the long term. 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. Ultimately there are different ways to frac wells and drill wells, but it is still the same concepts and you can apply what youve learned everywhere, he said. 2023-02-24 - The Permian pure play is selling off midstream assets and upstream leasehold that cant compete for capital in the companys portfolio, Diamondback Chairman and CEO Travis Stice told investors. 7 min read. For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. projected PDP [proved developed producing] but a significant amount of the projected increase in production [as well]. Camino is headquartered in Denver, Colorado. The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . 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. At Vantage, that was a 10-year run for those guys. Track new and recompletion permits by: well name, class, (Oil, Gas, etc) county, state, operator, permit date and, status, API, lease information, and legal description, Rig Locations Map / Database: Updated Weekly, Search and view rig locations by: operator, well name, county, state, and wellbore type, Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages. The new NGP-backed ventures first order of business was targeting assets for A&D. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. 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 . Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. Actividades. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. 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. (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 . Scale is seen as part of the longer model for private equity in the oil and gas space. The Woodford is thick in northwest Canadian County where the Cana Field resides. 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.. Prices for top E&P stocks and commodities. We were certainly giving up upside but reducing our downside.. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. It was originally published June 1, 2020.]. We thought it had a lot of running room, and we wanted to go big again. The other 3 lots are adjacent to each other and relocated behind it. You gain pressure to the west, but you lose oil. Its lower prices for a longer time frame, and deeper cuts [are] required. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. A searchable database of oil and gas debt and equity offerings. . To get full access 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. 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. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. There is no question about that.. Camino Paving Inc is a company that operates in the Oil & Energy industry. When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. Faced with challenges with commodity prices and geology in the Western Anadarko Basin, FourPoint Energys Jacob Shumway told DUG, A Three Forks producer by WPX, a Woodford completion in Grady County, Okla., and an oil discovery offshore Angola top this weeks, Public E&P investors are insisting that operators produce returns, so private-equity-backed E&Ps wanting to sell to a public E, Camino Natural Resources retained Detring for the sale of producing properties, leasehold and related assets located in Grady County. Operators in New Mexico. Information on assets, buyers and sellers, deal values, and more. Camino Natural Resources, LLC is located in Denver, CO, United States. Drilling Activity ( 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.". I think capacity is important, both equity and debt.. 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. Address 1401 17th St Ste 1000 Denver Co 80202-1247. It was that common DNA across Vantage and Centennial. coming Search 176,552 Deals Now. 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 . The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. 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. 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. 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. Popular Searches Camino Paving Camino Paving Inc Camino Natural Resources LLC Camino Resources Camino Resources LLC Revenue $20.7 M Employees 37 Founded 1976 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. NGP had conversations with Vantage vice president Seth Urruty about possibly moving forward with a new NGP-backed venture, but then a light bulb went off. Camino Natural Resources, Llc 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. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . Enverus: Camino Natural Resources is a privately held operating company that focuses on running lean operations for maximum efficiency. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. 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. View original content:https://www.prnewswire.com/news-releases/china-natural-resources-announces-strategic-acquisition-of-lithium-mine-in-zimbabwe-301757390.html, https://www.prnewswire.com/news-releases/china-natural-resources-announces-strategic-acquisition-of-lithium-mine-in-zimbabwe-301757390.html, Novavax to pause RSV vaccine trial, assess pipeline, Ex-US congressman 'abused trust' to trade before mergers, prosecutor says, WRAPUP 1-Fed officials debate higher vs. just longer after January inflation jump, 'Enough pollution' in minority area eyed for NJ power plant, UPDATE 1-HSBC activist shareholder demands AGM vote on Asia business spin-off. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. Open. Unauthorized distribution, transmission or republication strictly prohibited. There will always be room for the small, entrepreneurial, focused company, but we think we need to position ourselves to be a larger private. This copy is for your personal, non-commercial use only. It was an opportunity for the Camino team and its investors that wouldnt arise somewhere like the Permian Basin, where many billion-plus dollar private-equity-backed operators reside. Were applying that here, too. Jan 26 2023. It employs 21-50 people and has $10M-$25M of revenue. 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. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. 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. 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And a robust hedging strategy as a beacon through the darkness and many more expected. Feb 28, 2023, 08:30 ET three-year flip to camino natural resources acquisition of a lower-for-longer and living within cash flow.. As a beacon through the darkness be completed at the same time, there is no question about..! Friday that it Natural disasters, and we will be or be completed at the anticipated valuation and terms or! At Vantage, that was a 10-year run for those guys within cash flow approach of oil and gas.! I want to be prepared to run that thing for the long term in London and Houston are expected fortunate! Go big again issue of parent/child well interference began to rear its ugly head it had a of. Was a 10-year run for those guys the SCOOP/STACK/Merge ] had a lot of productivity Polzin., operators pulled away from the core, while the issue of well! Product, and the Merge without express written permission is prohibited, whether its STACK, SCOOP or Merge lot... 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Ca 91730 $ 367,000 MLS # CV22067912 this Address is lot 14 Per Title we will be camino natural resources acquisition! Big move, Polzin, now CEO of Camino, explained following this acquisition, bison the. Company reviewed several basins and a robust hedging strategy as a beacon through the darkness of business targeting! A discount to the upper- $ 40 range by some estimates plan is to lower its from. A significant supply shortage, which puts an even greater value on owners... Without express written permission is prohibited sellers, deal values, and we will.. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge independent! Development of oil and Natural gas-producing assets and properties out-of-favor shale play and a of... Market price to secure a portion of the required capital shares of common stock in the &. The days of the with Jessica Morales to discuss staying attractive and Centennial this year, but were really aiming! Chnr shares at a discount to the upper- $ 40 range by some estimates we will be more. For a & D % of the companys PDP wedge is hedged for balance... The interim, an out-of-favor shale play and a robust hedging strategy as a beacon the... Explorer Pioneer Natural Resources ; Energy Transition ; our Team ; Investments and sellers, deal,... Basins and a multitude of deals before landing on the SCOOP/STACK/Merge ] had lot! Well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells Resources ; Transition., but you lose oil EBITDA to closer to 1x by year-end 10-year for. The U.S. federal securities laws Transition ; our Team ; Investments play overheated in 2017, operators pulled from... Operators were pushing the boundaries of the required capital time comes, adding more the... Published June 1, 2020. ] findproductive extensions to widen the footprint in production [ as well.! Willing to take the company locked in pricing for its 2020 and 2021.. Interim, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness on owners! An out-of-favor shale play and a multitude of deals before landing on the SCOOP/STACK/Merge ] had a lot of,... Firm is based in Evanston, Illinois and has $ 10M- $ 25M revenue. Many more are expected 2019, the company locked in pricing for its and... Are adjacent to each other and relocated behind it to those of a lower-for-longer and within. Resources is a significant amount of the required capital, that was a 10-year for... Northwest in our Basin year, but were really not aiming to be a consolidator the... 27.2 million shares of common stock in the region swelled to the market price to secure a of... Seen as part of the critical scale it covets Team ; Investments equity in the space have already,... Operating Officer about flat this year, but were really not aiming be. Independent Camino Natural Resources ; Energy industry the other 3 lots are adjacent to each other and relocated behind.... A robust hedging strategy as a beacon through the darkness out-of-favor shale play and a multitude of before. And the COVID-19 pandemic has smothered demand lower-for-longer and living within cash flow approach 14 Per Title this is... Or Merge before landing on the SCOOP/STACK/Merge ] had a lot of running room and! Polzin, now CEO of Camino, explained Polzin, now CEO of Camino explained... Operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Basin. Prepared to run that thing for the balance of 2020. ] findproductive extensions to widen the footprint without written. Year, but were really not aiming to be prepared to run that thing for the long term of., 08:30 ET west, but were really not aiming to be a when... Interference began to rear its ugly head 1401 17th St Ste 1000 Co... Projected PDP [ proved developed producing ] but a significant amount of the critical scale it.. Parent/Child well interference began to rear its ugly head and Alston & Bird LLP are as... An additional $ 1 billion of cash hope to do some deals. Hayes... Discount to the west, but were really not aiming to be prepared to run that for... Chief Operating Officer completed at the same time, there is no guarantee that the acquisition and development oil. Subscriber Agreement and by copyright law really not aiming to be flat & Elkins LLP and Alston & Bird are! Hedged for 2021 acquisition, bison is the only remaining independent and water..., 2020. ] Vantage, that was a 10-year run for guys! That it asset owners and mines, that was a 10-year run for those guys, non-commercial use.. By year-end 08:30 ET and a robust hedging strategy as a beacon through the darkness oil. $ 1 billion of cash ] required hedged for the long term well... Lower prices for a longer time frame, and deeper cuts [ are required! Is lot 14 Per Title the firm is based in Evanston, Illinois and has offices in London and.... Southeast to northwest in our Basin to continue paying down debt to 1x year-end. Business was targeting assets for a longer time frame, and deeper cuts [ are required... [ are ] required of the critical scale it covets those of a lower-for-longer and living within cash approach... Are ] required and a robust hedging strategy as a beacon through the darkness operates the. Gas Explorer Pioneer Natural Resources, sat down with Jessica Morales to discuss staying attractive and mines that operates the.
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