Camino is pursuing its growth strategy by applying strong . 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. 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. No forward-looking statement can be guaranteed. 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. 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. 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. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. Usamos como recurso la cancin "Aprieta el botn" del grupo musical boliviano Animal de ciudad. So we said lets try it again. 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. I want to be a survivor, and we will be. Whereas with most of our companies, we have not only hedged their Headquarters. Shale Experts offers the most COMPLETE coverage of the . 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. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. By having scale we have a large lending capacity with our senior lenders. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. 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. 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. Tue, 03/01/2022 - 11:40 AM. This copy is for your personal, non-commercial use only. In late 2019, Camino was running three rigs on its western Oklahoma acreage. 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. There You had this land rush to grab lots of acreage across the basin, but it is not all created equal. Natural Resources; Energy Transition; Media; . 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. La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. Well step into it more conservatively on an absolute spacing basis, he said. The company is headquartered in Mountain View, California. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. Seth brought a lot of good practices when thinking about running this for 10 years. Year of Investment. October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . 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. 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. 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. Independent oil and natural gas acquisition and development company. 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. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. 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. As the company grew, the importance of scale continued to drive its narrative. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. They simply were not capitalized to do so. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. The result was Denver-based Camino Natural Resources LLC. Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%. The company made its first acquisition in the middle of 2017. Double Eagle built a truly world-class business through strong execution and unmatched creativity. Stay in touch with our Daily Email Newsletter. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. But how does a company headquartered in the Rockies and filled with veterans of the Permian and Marcellus shales end up with an appetite for acreage in western Oklahoma? The first well the company drilled 100% as Camino was the ABEL 25-36-1XHan early lower Mississippian/Sycamore target in Grady County. NGP expects to complete the mergers by late June, one of the people said. 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. Now, the new world order is like the old world order on steroids. This copy is for your personal, non-commercial use only. Rextag database of energy infrastructure assets. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. Drilling Activity ( We hope you enjoyed your trial to the website. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. 34.73. We think this is going to be a rough environment through 2021. With over 100,000 net acres, Camino is pursuing a growth strategy with a focus on strong technical analysis, industry leading well results, attractive investment returns and a conservative balance sheet. 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 In contrast, Camino has hedged a lot. Centennial was sold to Silver Run later that year. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc. (NASDAQ: CHNR) (the "Company" or "CHNR") announced today that the Company has entered into a definitive agreement (the "Sale and Purchase Agreement") with Feishang Group Limited and Top Pacific (China) Limited (together, the "Sellers"), and Mr. Li Feilie and Mr. Yao Yuguang, to acquire Williams Minerals (Pvt) Ltd ("Williams Minerals"), which owns the mining permit for a Zimbabwean lithium mine (the "Acquisition"). them appeared prepared to take on the role of being a singular, large entity. 2023 Hart Energy. Oct 25, 2013. vantageenergy.com . Rextag database of energy infrastructure assets. When typing in this field, a list of search results will appear and be automatically updated as you type. Lightly levered. All rights reserved. Camino is. 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 . Camino is headquartered in Denver, Colorado. 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. New Mexico Wells Drilled by Operator in 2021. Camino Natural Resources. Shale Experts is a Members ONLY resource. Its serendipitous now with where the market is, but that was how we started.. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Mr. Ward Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources. Subscribe to the magazinehere. Win whats next. Pushing the STACK northwest and northeast did not yield the same results. For Inquiries concerning division orders or revenue payments, please feel free to utilize our phone inquiry line, mailing address, email address, or online option below. Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. In addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development. 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. Cision Distribution 888-776-0942 The underlying Woodford Shale in western Oklahoma is shallow in the east and deep in the west. Most public companies hedge portions of their production for the span of the current calendar year if they hedge at all. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. Today, basically 100% of the companys PDP wedge is hedged for the balance of 2020. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. from 208 actively producing wells in Prices for top E&P stocks and commodities. There is a trend with some primo rock. Database of selected U.S. and international exploration wells. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? We thought it had a lot of running room, and we wanted to go big again. 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. Address 1401 17th St Ste 1000 Denver Co 80202-1247. Mr. Wong Wah On Edward, Chairman of the Company, commented, "Lithium has become one of the most sought-after and highest appreciating minerals given its proven power advantages. 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. +2.24 +6.89%. 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. 7 min read. Open. The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. 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'. 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. 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"). 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. Operator of an independent oil and natural gas company operating in the Central Oklahoma region. 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. 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. of 27,715 BBLs oil For investor relations, please contact Michael Dalton at (713) 452-2000. 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. Focus. 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. Scoops about Camino Paving . Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. 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. 9581 Retreat Pl; 9318 Hellman . 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. The child wells are right in line on average with our type curve expectations, Urruty said. Camino purchased the SCOOP and Hoxbar oil trend assets of Ward Energy Partners LLC, a subsidiary of Ward Petroleum Corp. Around the same time, NGP-backed companies Rebellion Energy LLC and 89 Energy Holdings LLC contributed assets in the SCOOP and Merge for Camino equity. 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. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . 0506 10-15-1MH well in Grady, OK the SCOOP/STACK/Merge and development company has smothered demand bring rig! 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