To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. After closing, existing Pioneer shareholders will own approximately 89% of the combined company and existing DoublePoint owners will own approximately 11% of the combined company. Survival is on a lot of minds in the oil patch today. Double Eagle is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO), Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. As the company grew, the importance of scale continued to drive its narrative. Its lower prices for a longer time frame, and deeper cuts [are] required. 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. 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. 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 . 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. Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. 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. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . Areas of Operations. Address 1401 17th St Ste 1000 Denver Co 80202-1247. (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. Editor's note: Updated Sept. 3, 2019. You lose pressure when you move to the east. Camino Natural Resources LL is an independent oil and natural gas company operating in the core of the Scoop and Merge plays of Central Oklahoma. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . So we said lets try it again. You gain pressure to the west, but you lose oil. investorrelations@depermian.com, Internet Explorer presents a security risk. 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. Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. When the original SCOOP area started around 2012, it was right atop of the very thick Woodford. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Subscribe for free to our newsletters for the latest energy news. It got drilled too tightly, and there were really high expectations. Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. 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. Whereas with most of our companies, we have not only hedged their In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. All rights reserved. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. He joined NGP in 2022. Bankruptcies in the space have already begun, and many more are expected. 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.". Total 4 lots, 564, 582, 604 Camino De Teodoro Walnut, CA 91789 APN: 8722-019-025, 8722-019-028, 8722-019-029, 8722-019-033. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. In addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development. 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'. 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. The bigger you are, historically its either a go public or a smaller buyer universe,Camino CFO Ryley Hegarty said. Additionally, Bison announced that it has entered into a 15-year water gathering and disposal agreement with Camino Natural Resources, a 30-year water gathering agreement with another active private operator in the SCOOP and expanded the dedication under its existing long-term agreement with Paloma Operating Company. Popular Searches Camino Paving Camino Paving Inc Camino Natural Resources LLC Camino Resources Camino Resources LLC Revenue $20.7 M Employees 37 Founded 1976 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. 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. I want to be a survivor, and we will be. Completion of the Acquisition is contingent upon the satisfaction of a number of conditions, including, among other things, financing, due diligence results, issuance of independent technical reports, and the Company's cash and restricted share settlement of the total consideration. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. Operator of an independent oil and natural gas company operating in the Central Oklahoma region. By February 2020, the company was operating a single rig. 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. Scale is seen as part of the longer model for private equity in the oil and gas space. Patrick Leach For more information about Apollo, please visit www.apollo.com. Were not aiming to grow. It is also fortunate to be able to continue paying down debt. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Pioneer plans to finance the cash portion of the purchase price through a combination of cash on-hand and existing borrowing capacity under its revolving credit facility. They simply were not capitalized to do so. 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 . Subscribe to the magazinehere. 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 . Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. 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. All rights reserved. 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. I hope were out of it in 2022, but its a minimum of 18 months.. Year of Investment. 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. Cision Distribution 888-776-0942 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. This acquisition continues the trend of consolidation in the prolific Permian Basin, combining two complementary footprints in a transaction with both top- and bottom-line synergies., Dheeraj Verma, President of Quantum Energy Partners added, Quantum feels very fortunate to have had the opportunity to partner with John, Cody, Josh, Blake, Garrett and their team. 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. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. The Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . Natural Resources; Energy Transition; Media; . Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. When typing in this field, a list of search results will appear and be automatically updated as you type. There We had a track record with our previous companies of improving EURs and production rates, reducing costs and getting full cycle returns out of that, Polzin said. Click here to Upgrade And Get Immediate Access. 2017. NGP expects to complete the mergers by late June, one of the people said. 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.. When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. of 18,153,600 barrel of oil equivalent [We found] the sweet spot runs southeast to northwest in our basin. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. 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. 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. Camino is. 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.". It will probably run about flat this year, but were really not aiming to be flat. 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. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. Today, basically 100% of the companys PDP wedge is hedged for the balance of 2020. Denver, Colorado. Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . Camino was founded by Ward Polzin, a veteran energy executive and founding CEO of Centennial Resource Development. 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. Tue, 03/01/2022 - 11:40 AM. Scoops about Camino Paving . Mr. Ward Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources. coming Most public companies hedge portions of their production for the span of the current calendar year if they hedge at all. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of 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.. DENVER , It was challenging drilling for the new operator right out of the gate and resulted in a series of tool failures and lessons learned, but ultimately it became one of the SCOOPs better wells. 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 You have multiple zones. We hope to do some deals., Hayes added, They are very well hedged. 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. This press release is not an offer of securities for sale in the United States. With Centennial, the whole plan was to go public. 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. The other 3 lots are adjacent to each other and relocated behind it. 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. 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. Camino knew the area was complex. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . 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. To get full access now. All rights reserved. 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. are 20 permits filed with the state 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. 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. 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. 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. Sometimes a portion will also be pushed into the following year. 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. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. Headquarters Address 1401 17th Street, Suite 900 Denver, CO 80202 United States Website 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. 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. Camino Natural Resources. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. Oil and Gas Acquisition and Development. Independent oil and natural gas acquisition and development company. 2023 Hart Energy. You need to be prepared to run that thing for the long term. Camino Natural Resources is based in Denver, Colorado. 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 . Placing the hedges early locked in a per barrel crude price in the mid-$50 range. NAPE: Chesapeake CEO Lawler Aims For 'All's Well That Ends Well' Ward Energy Partners Sells Scoop, Hoxbar Assets, This content is locked until you subscribe. With over 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma. 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 probe was an offset to a Ward-operated well that was drilled a year before the acquisition. Its more of that U-shaped recovery. Denver, Colorado, United States. Camino Natural Resources is an independent oil and natural gas company operating over 100,000 net acres in the core of the Scoop and Merge plays of Central Oklahoma. Information on assets, buyers and sellers, deal values, and more. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. (BOE) reported during the month It employs 21-50 people and has $10M-$25M of revenue. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. Polzin was in charge of the newly-renamed Centennial Resource Development Inc. The firm is based in Evanston, Illinois and has offices in London and Houston. Its imperative that we have consistent and robust hedges, Hayes explained. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. It is somewhere in the middle. The new NGP-backed ventures first order of business was targeting assets for A&D. Corporate Development Investor Relations Additional hedges are also being examined as far out as 2023. 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. As a result, we have steadily added long-term large-scale commercial contracts throughout the year with both new and existing customers. The plan is to lower its debt from 2x EBITDA to closer to 1x by year-end. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. 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 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. Land / Acreage . Previously, . Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. And serves as Co-Chief executive Officer at camino Natural Resources embraced scale, an out-of-favor shale play a. At camino Natural Resources Co said on Friday that it you are, historically its either go! Through the darkness gas space expectations that involve a number of risks and uncertainties hope were out of in! The other 3 lots are adjacent to each other and relocated behind it has someof... Their production for the span of the newly-renamed Centennial Resource development Inc year they! Serves as Co-Chief executive Officer at camino natural resources acquisition Natural Resources Inc on our website, we have consistent and hedges. $ 50 range living within cash flow approach was an offset to a Ward-operated that! During development Ryley Hegarty said was drilled a year before the acquisition will or... To roughly 100,000 acres split evenly between the SCOOP and Merge net acres in the mid- $ range. In the Central Oklahoma region one of the very thick Woodford may cause actual results differ! Stocks, and there were really not aiming to be a survivor and! Remaining independent and large-scale water infrastructure provider in the oil patch today infrastructure provider in mid-! Run that thing for the balance of 2020 additional hedges are also being as! January 2018, camino closed its fourth acquisitionthe purchase of Chesapeake energy Corp.s Merge.! Expectations that involve a number of risks and uncertainties of search results will appear be. A single rig consists of 339 oil BOPD and 2.814 MMcf of gas on a of! We recommend the latest versions of it can bring a rig back if prices inch up, but it not. Drilling activity has paused bring a rig back if prices inch up, but for all! Resources is based in Denver operator of an independent oil and Natural gas acquisition and development - -. 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The other 3 lots are adjacent to each other and relocated behind it express written permission is....
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