PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. that Camino Natural Resources, Llc can drill in the future. New Listings in 91730. 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. We will do additional testing with some artificial lift mechanisms to try to get that frac fluid back and return those [wells] to previously forecasted rates, he said. 1401 17th Street, Suite 900 Stay in touch with our Daily Email Newsletter. 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.. 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. At Vantage, that was a 10-year run for those guys. Information on assets, buyers and sellers, deal values, and more. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. Rock-wise, [the SCOOP/STACK/Merge] had a lot of productivity, Polzin, now CEO of Camino, explained. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. 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. Additionally, our team's ability to deliver creative solutions in a challenging market while executing on our promises to customers has clearly differentiated us from others in the region. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. The other 3 lots are adjacent to each other and relocated behind it. 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. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. Subscribe to the magazinehere. Dec 2018 - Present4 years 3 months. Our assets. FORT WORTH, Texas--(BUSINESS WIRE)--Double Eagle III Midco 2 LLC (the Company or Double Eagle), wholly owned by DoublePoint Energy, LLC (DoublePoint), announced that it has entered into a definitive purchase agreement to sell all leasehold interests, subsidiaries and related assets to Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer"). 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. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. from 8 AM - 9 PM ET. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. 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. The Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . 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. 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. 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'. 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. Scoops about Camino Paving . 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. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. Most drilling has been done with one year to three years between completions, and the company has encountered infillor childwell degradation. Now, the new world order is like the old world order on steroids. Double Eagle built a truly world-class business through strong execution and unmatched creativity. 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.. 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. This copy is for your personal, non-commercial use only. There will always be room for the small, entrepreneurial, focused company, but we think we need to position ourselves to be a larger private. Jan 2017 - Feb 2023). 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. Prices for top E&P stocks and commodities. The plan is to lower its debt from 2x EBITDA to closer to 1x by year-end. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. 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. Camino Natural Resources, Llc Shale Experts is a Members ONLY resource. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the intent, belief and current expectations of the Company, its directors or its officers with respect to the ability to locate and execute on strategic opportunities; the impact of the rising commodity prices; the potential presence of minerals in the Zimbabwean lithium mine; the potential closing of the Acquisition; the vesting of ownership of the regions of the Zimbabwean mine and the timing thereof; the level of demand for lithium and other precious minerals; and the availability of internally generated funds and funds for the payment of operating expenses, capital expenditures and the Company's growth strategy. Unauthorized distribution, transmission or republication strictly prohibited. Its an output, not an input. When the original SCOOP area started around 2012, it was right atop of the very thick Woodford. 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. of performance.. 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 . Under the Sale and Purchase Agreement, it is expected that the Company will indirectly acquire all interests in Williams Minerals in the second fiscal quarter of 2023, and that the Company's "ownership" (as defined in the Sale and Purchase Agreement) of the Zimbabwean lithium mine will vest cumulatively, region by region from 2024 through 2026, contingent upon the issuance of independent technical reports and the Company's full settlement of the purchase consideration in cash and restricted shares. Operations . Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. To get full access now. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. 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. 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. Shale Experts offers the most COMPLETE coverage of the . They simply were not capitalized to do so. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. Equally important to all of that is financial [structure]. It just is what it is. Usamos como recurso la cancin "Aprieta el botn" del grupo musical boliviano Animal de ciudad. The company is headquartered in Mountain View, California. Database of selected U.S. and international exploration wells. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. 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. As the company grew, the importance of scale continued to drive its narrative. 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. In contrast, Camino has hedged a lot. 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. The company has an estimated daily production A searchable database of oil and gas debt and equity offerings. There is no question about that.. 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 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. There Its imperative that we have consistent and robust hedges, Hayes explained. 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. Oil and Gas Acquisition and Development. Pushing the STACK northwest and northeast did not yield the same results. Mr. Ward Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources. (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. 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. There is a trend with some primo rock. Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. 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. 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. You gain pressure to the west, but you lose oil. Camino Natural Resources, LLC is located in Denver, CO, United States. It employs 21-50 people and has $10M-$25M of revenue. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. Ward is Executive Chairman of Camino Natural Resources, LLC, an NGP portfolio oil and gas company started in 2017. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. To last longer, you need to be financially conservative, frankly, and create optionality. Its more of that U-shaped recovery. Cody Campbell and John Sellers, Co-CEOs of DoublePoint said, We are proud and appreciative of the work that our team has done to build a company and an asset base that is unparalleled in quality and truly cannot be replicated. 34.73. 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. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. Win whats next. You need to be prepared to run that thing for the long term. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Thats been a negative for our play. Independent oil and natural gas acquisition and development company. Its serendipitous now with where the market is, but that was how we started.. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. I think capacity is important, both equity and debt.. It still has those same characteristics, he said. 7 min read. Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? Areas of Operations. Range was the very first . Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. It was originally published June 1, 2020.]. 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. Camino Snapshot Significant Commitments - >$1B of Equity Committed: NGP + Co-Investors - >$400MM Borrowing Base Large Scale Operations - One of largest Private Co's in S/S/Merge - ~80 on the team - ~120,000 net acres - >40,000 Boe/d net (~50% liquids)(1) - ~60 wells spud; 2 rigs running Stand-Alone Staying Power New Mexico Wells Drilled by Operator in 2021. Oct 25, 2013. vantageenergy.com . Actividades. We were certainly giving up upside but reducing our downside.. 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. 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 only tool you will need to track, predict and analyze US & activities... Located in Denver, CO, United States one year to three years between completions, and optionality! Primary well to help optimize the fracture complexity in the future on a 7,546 foot lateral you gauge companys... 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