Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. It is also fortunate to be able to continue paying down debt. Operators in New Mexico. NGP expects to complete the mergers by late June, one of the people said. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. 34.73. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. Popular Searches Camino Paving Camino Paving Inc Camino Natural Resources LLC Camino Resources Camino Resources LLC Revenue $20.7 M Employees 37 Founded 1976 (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. Magnetar's Energy and Infrastructure Group has actively invested in the North American energy and infrastructure sector for 15+ years and has committed over $6 billion across more than 60 private energy, infrastructure and renewables investments. 1401 17th Street, Suite 900 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 . When typing in this field, a list of search results will appear and be automatically updated as you type. As a result, we have steadily added long-term large-scale commercial contracts throughout the year with both new and existing customers. 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. from 208 actively producing wells in By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. 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. Camino Natural Resources, Llc 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. The Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . 2023 Hart Energy. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . We certainly werent anticipating this tough of one, but thank goodness we were already making moves to do better in a tougher market. Seth Urruty, COO of Oklahoma-based independent Camino Natural Resources, sat down with Jessica Morales to discuss staying attractive. Cision Distribution 888-776-0942 I think capacity is important, both equity and debt.. 2023 PitchBook. 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. Win whats next. Camino is pursuing its growth strategy by applying strong . Information on assets, buyers and sellers, deal values, and more. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. 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 . The Woodford is thick in northwest Canadian County where the Cana Field resides. 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. We merged the teams together in late 2016.. They simply were not capitalized to do so. Information on assets, buyers and sellers, deal values, and more. 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. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. Thats been a negative for our play. There is no 500-foot spacing; its 1,200-plus foot spacing. 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. For each region of the lithium mine, until the Company's ownership vests, the Sellers will maintain legal possession and control, including the right to exploration, sales of lithium, and the revenue derived therefrom, as well as liability for operational costs and third-party claims. La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. 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. It got drilled too tightly, and there were really high expectations. It employs 21-50 people and has $10M-$25M of revenue. Nov 30, 2020, 17:06 ET. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. 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. Previously, . 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. (BOE) reported during the month Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. Editor's note: Updated Sept. 3, 2019. of N/A. 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. Subscribe for free to our newsletters for the latest energy news. coming Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. Scoops about Camino Paving . Bankruptcies in the space have already begun, and many more are expected. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. You lose pressure when you move to the east. (SOURCE: CAMINO NATURAL RESOURCES LLC) Camino Natural Resources is based in Denver, Colorado. It was originally published June 1, 2020.]. 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 currently ranked #6 in the state of Oklahoma based on a total production Subscribe to the magazinehere. This press release is not an offer of securities for sale in the United States. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. The company made its first acquisition in the middle of 2017. These teams spun out around the same time to figure out what was next career-wise. 7 min read. Areas of Operations. Most drilling has been done with one year to three years between completions, and the company has encountered infillor childwell degradation. Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. 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 . Founded in 1998, Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates more than $17 billion in equity commitments since inception. 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. Join MineralAnswers.com for Production Access. Buyer Type (PE or Strategic) . Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. Double Eagle built a truly world-class business through strong execution and unmatched creativity. I want to be a survivor, and we will be. All rights reserved. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. 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. 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 first well the company drilled 100% as Camino was the ABEL 25-36-1XHan early lower Mississippian/Sycamore target in Grady County. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. 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. Camino Natural Resources LLC, an oil-and-gas company backed by NGP Energy Capital Management, is once again acting as a consolidator in the private-equity firms portfolio. New Mexico Wells Drilled by Operator in 2021. Provided by EnergyNet. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Jan 26 2023. Scale is seen as part of the longer model for private equity in the oil and gas space. 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. of performance.. Corporate Development Investor Relations The deals left a pair of veteran leadership teams without a home. 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. Its oil production is 100% hedged for 2021. Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. 2017. October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . Mr. Ward Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources. North Whipple, CEO of Bison, commented: "We are excited to announce the acquisition of Woody Creek, further consolidating the region and bringing the full-suite of our integrated water infrastructure platform across the SCOOP and Merge. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. Land / Acreage . There will always be room for the small, entrepreneurial, focused company, but we think we need to position ourselves to be a larger private. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc. (NASDAQ: CHNR) (the "Company" or "CHN R") an nounced today that the . investorrelations@depermian.com, Internet Explorer presents a security risk. are 20 permits filed with the state In late 2019, Camino was running three rigs on its western Oklahoma acreage. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. To get full access now. Actividades. Address 1401 17th St Ste 1000 Denver Co 80202-1247. 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. Open. . Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of 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. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. Operations . Today, basically 100% of the companys PDP wedge is hedged for the balance of 2020. 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. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. 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.
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