Patrick Leach Prices for top E&P stocks and commodities. Provided by EnergyNet. 1 min read. Please Upgrade it take less then a minute. The deals left a pair of veteran leadership teams without a home. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. Buyer Type (PE or Strategic) . are 20 permits filed with the state 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. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. Merge with some other companies, maybe. Rextag database of energy infrastructure assets. 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. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. 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. 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. Jan 2017 - Feb 2023). Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. 2023 PitchBook. Rock-wise, [the SCOOP/STACK/Merge] had a lot of productivity, Polzin, now CEO of Camino, explained. 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. Corporate Development Investor Relations Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. 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. Search 176,552 Deals Now. of 18,153,600 barrel of oil equivalent them appeared prepared to take on the role of being a singular, large entity. Mr. Ward Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources. For investor relations, please contact Michael Dalton at (713) 452-2000. Jan 26 2023. Now, the new world order is like the old world order on steroids. Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. Pushing the STACK northwest and northeast did not yield the same results. 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 . Weve done that by having the large equity support from NGP. Oct 25, 2013. vantageenergy.com . The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. We merged the teams together in late 2016.. and 27,715 MCF of gas, 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. Year of Investment. He joined NGP in 2022. It just is what it is. It is somewhere in the middle. All rights reserved. Cision Distribution 888-776-0942 We thought it had a lot of running room, and we wanted to go big again. Im a strong believer in what you learn in one shale play is 100% applicable to other shale plays. 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. Prices for top E&P stocks and commodities. The Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . 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 Bankruptcies in the space have already begun, and many more are expected. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. Equally important to all of that is financial [structure]. from 8 AM - 9 PM ET. Instantly unlock over 15 years of A&D transactions and financing data. 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. 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. 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,. 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. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. investorrelations@depermian.com, Internet Explorer presents a security risk. Backed by private equity firm NGP Energy Capital Management (NGP), the oil & gas startup acquired four major assets and other properties in the South Central Oklahoma Oil Province (SCOOP) and Sooner Trend Anadarko Canadian Kingfisher (STACK) of Oklahoma, which rapidly transformed the company into one of the largest private oil & gas producers in the region. When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. The rumor mill kicked into overdrive on Friday when Bloomberg published an article saying Pioneer Natural Resources Co., one the largest independent oil producers in the U.S., is considering (negotiating for) an acquisition of Marcellus driller Range Resources Corp., according to "people familiar with the matter.". Securities may not be offered or sold in the United States absent registration or an exemption from registration. We didnt see that one company trying to become a large private company in that space. It got drilled too tightly, and there were really high expectations. Well step into it more conservatively on an absolute spacing basis, he said. There is no 500-foot spacing; its 1,200-plus foot spacing. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . 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. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. As the company grew, the importance of scale continued to drive its narrative. 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. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. To get full access now. 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. It still has those same characteristics, he said. 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 Operator of an independent oil and natural gas company operating in the Central Oklahoma region. More than 2,500 Subscribers rely on our data each day. 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. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. 80202-1247. 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. 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. By February 2020, the company was operating a single rig. 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. The transaction was unanimously approved by the Board of Directors of each company and is expected to close in the second quarter of 2021, subject to customary closing conditions and regulatory approvals. Camino was founded by Ward Polzin, a veteran energy executive and founding CEO of Centennial Resource Development. The capital markets felt like they got burned and threw the baby out with the bath water.. Unauthorized distribution, transmission or republication strictly prohibited. [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. 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. Join MineralAnswers.com for Production Access. Range was the very first . 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. Natural Resources; Energy Transition; Media; . Its more of that U-shaped recovery. SCOOP and Merge plays of Central Oklahoma. Previously, . Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. There is a trend with some primo rock. It employs 21-50 people and has $10M-$25M of revenue. 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 investment returns. 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. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. 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. I expect we will be bigger, and thats the goal. 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. Camino Natural Resources, Llc is Whereas with most of our companies, we have not only hedged their Information on assets, buyers and sellers, deal values, and more. Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. Operations . 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. New Listings in 91730. 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. 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. Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. Oil and Gas Acquisition and Development. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Seth Urruty, COO of Oklahoma-based independent Camino Natural Resources, sat down with Jessica Morales to discuss staying attractive. The company is headquartered in Mountain View, California. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. At Vantage, that was a 10-year run for those guys. Database of selected U.S. and international exploration wells. 9581 Retreat Pl; 9318 Hellman . 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. It was that common DNA across Vantage and Centennial. 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. 824 BOE/d which consists of 339 oil BOPD and 2.814 MMcf of gas on a 7,546 foot.... 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