DENVER , To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. To get full access now. 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. 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. The Woodford is thick in northwest Canadian County where the Cana Field resides. The capital markets felt like they got burned and threw the baby out with the bath water.. . The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. are 20 permits filed with the state (BOE) reported during the month All rights reserved. . 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. Denver, Colorado, United States. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. The company has been operating in the Stack Scoop holding approximately . 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 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. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. We hope you enjoyed your trial to the website. 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. NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. It employs 21-50 people and has $10M-$25M of revenue. 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. It just is what it is. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. Camino is headquartered in Denver, Colorado. You lose pressure when you move to the east. More Real Estate Resources. All rights reserved. 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. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . 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. Double Eagle built a truly world-class business through strong execution and unmatched creativity. Camino Natural Resources is based in Denver, Colorado. Subscribe to the magazinehere. Drilling Activity ( During the land rush, people paid up for it while there was still a lot of learning going on across the industry. We didnt see that one company trying to become a large private company in that space. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. The company is headquartered in Mountain View, California. He joined NGP in 2022. With backing from private equity firm Natural Gas Partners, Camino is pursuing a growth strategy, according to the company website. 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. 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . Seth Urruty, COO of Oklahoma-based independent Camino Natural Resources, sat down with Jessica Morales to discuss staying attractive. It got drilled too tightly, and there were really high expectations. 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. 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. Ward is Executive Chairman of Camino Natural Resources, LLC, an NGP portfolio oil and gas company started in 2017. Camino Paving Inc is a company that operates in the Oil & Energy industry. of N/A. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. Oil and Gas Acquisition and Development. We merged the teams together in late 2016.. We were certainly giving up upside but reducing our downside.. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. It will probably run about flat this year, but were really not aiming to be flat. 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. Except as required by law, the Company undertakes no obligation to update any forward-looking statements. 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 child wells are right in line on average with our type curve expectations, Urruty said. Survival is on a lot of minds in the oil patch today. 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. Prices for top E&P stocks and commodities. Corporate Development Investor Relations 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 more information about Apollo, please visit www.apollo.com. Jan 2017 - Feb 2023). Co-Chief Executive Officer and Board Member, Vice President & Chief Accounting Officer, To view Camino Natural Resourcess complete executive team members history, request access, To view Camino Natural Resourcess complete board members history, request access, To view Camino Natural Resourcess complete investments history, request access, Morningstar Institutional Equity Research. We were already decelerating before the big move, Polzin said. NGP expects to complete the mergers by late June, one of the people said. I want to be a survivor, and we will be. By having scale we have a large lending capacity with our senior lenders. 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. Its oil production is 100% hedged for 2021. of performance.. Shale Experts offers the most COMPLETE coverage of the . Under these agreements, Bison will exclusively manage each company's water infrastructure within their respective portions of the combined ~1.5 million-acre dedicated area across Grady, McClain, Garvin and Canadian counties. New Listings in 91730. The first well the company drilled 100% as Camino was the ABEL 25-36-1XHan early lower Mississippian/Sycamore target in Grady County. [We found] the sweet spot runs southeast to northwest in our basin. 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. 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. I expect we will be bigger, and thats the goal. Centennial was sold to Silver Run later that year. Feb. 27, 2023. [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. 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. Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? Camino is headquartered in Denver, Colorado. 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. (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. 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. Im a strong believer in what you learn in one shale play is 100% applicable to other shale plays. 2023 Hart Energy. Year of Investment. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. 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. 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. Information on assets, buyers and sellers, deal values, and more. Information on assets, buyers and sellers, deal values, and more. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. Its lower prices for a longer time frame, and deeper cuts [are] required. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. 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. 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). Will appear and be automatically updated as you type the child wells are right in line average... Aiming to camino natural resources acquisition a survivor, and more when you move to the website,... 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