The company is headquartered in Mountain View, California. Denver, Colorado. 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. Were applying that here, too. Most public companies hedge portions of their production for the span of the current calendar year if they hedge at all. Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. Now, the new world order is like the old world order on steroids. Camino Natural Resources, Llc coming 2023 Hart Energy. It still has those same characteristics, he said. 34.73. 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. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. The first well the company drilled 100% as Camino was the ABEL 25-36-1XHan early lower Mississippian/Sycamore target in Grady County. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. The deals left a pair of veteran leadership teams without a home. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. Placing the hedges early locked in a per barrel crude price in the mid-$50 range. Scoops about Camino Paving . Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. 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. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. 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. The company has an estimated daily production 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 We hope to do some deals., Hayes added, They are very well hedged. Bankruptcies in the space have already begun, and many more are expected. Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), DUG Midcontinent 2022: Expanding The SCOOP's Southern Sweet Spot, DUG Midcontinent: Operator Spotlight; From Zero to 100k, Camino Natural Resources Profile: Midcontinent Mover, Executive Q&A: Camino Natural Resources Growth Strategy, DUG Midcontinent: Operator Spotlight: From Zero to 38,000 BOE/d, DUG Midcontinent Day 2: Oklahoma Operators Discuss Challenges, Innovation, Best Of This Weeks Drilling Activity Highlights (Sept. 27, 2019). HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Address 1401 17th St Ste 1000 Denver Co 80202-1247. 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. You have multiple zones. Its oil production is 100% hedged for 2021. Click here to Upgrade And Get Immediate Access. It will probably run about flat this year, but were really not aiming to be flat. La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. Camino Natural Resources. When the original SCOOP area started around 2012, it was right atop of the very thick Woodford. 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. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. When typing in this field, a list of search results will appear and be automatically updated as you type. Shale Experts is a Members ONLY resource. Scale is seen as part of the longer model for private equity in the oil and gas space. 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. Patrick Leach Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. No forward-looking statement can be guaranteed. Areas of Operations. Drilling Activity ( Feb. 27, 2023. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. 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. 582 Camino De Teodoro currently has a single family building on it. There was a lot of common DNA [such as] running multiple rigs in a big shale play and having quality [rock and people] and financially [being capable of going] public. Im a strong believer in what you learn in one shale play is 100% applicable to other shale plays. (BOE) reported during the month There will always be room for the small, entrepreneurial, focused company, but we think we need to position ourselves to be a larger private. Dec 2018 - Present4 years 3 months. 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. 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. 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. 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. 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. We think this is going to be a rough environment through 2021. This press release is not an offer of securities for sale in the United States. Mr. Ward Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources. that Camino Natural Resources, Llc can drill in the future. 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 The company has been operating in the Stack Scoop holding approximately . He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. Shale Experts offers the most COMPLETE coverage of the . Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . 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"). GIS Manager. 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. of N/A. Jan 26 2023. 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. 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. The Company may issue restricted CHNR shares at a discount to the market price to secure a portion of the required capital. 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. For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. Subject to the terms and conditions of the Sale and Purchase Agreement, the Company plans to issue restricted shares as 50% of the consideration for the Acquisition, with the remaining 50% of the consideration comprised of a promissory note and/or cash, for maximum consideration of US$1.75 billion (3.5 million estimated tons of measured, indicated and inferred resources of lithium oxide (grade 1.06% or above in accordance with the standard under the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves) priced at US$500 per ton). You gain pressure to the west, but you lose oil. Well step into it more conservatively on an absolute spacing basis, he said. Tue, 03/01/2022 - 11:40 AM. We merged the teams together in late 2016.. of 18,153,600 barrel of oil equivalent 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. Rextag database of energy infrastructure assets. With backing from private equity firm Natural Gas Partners, Camino is pursuing a growth strategy, according to the company website. Additional hedges are also being examined as far out as 2023. Prices for top E&P stocks and commodities. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. 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. Denver, Colorado, United States. Certain folks had views that they were independent petroleum systems and you could stack wells, or drill Woodford wells and then come on top and drill lower Mississippian, and not have interference. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. Previously, . The child wells are right in line on average with our type curve expectations, Urruty said. (Bloomberg) -- Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp., according to people familiar with the the matter.Most Read from BloombergNigeria Latest: Tinubu Wins Ekiti Vote; Next Briefing at 11 a.m.Covid-19 Lab Leak Viewed as More Likely by US Agency, WSJ SaysUkraine Latest . The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. 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.". 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. 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. 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. Its lower prices for a longer time frame, and deeper cuts [are] required. 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. In late 2019, Camino was running three rigs on its western Oklahoma acreage. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. It is also fortunate to be able to continue paying down debt. Camino Natural Resources, Llc is 80202-1247. Buyer Type (PE or Strategic) . 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. Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. There were a lot of private-equity-backed companies there, but they were [generally] small. Cision Distribution 888-776-0942 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. It is somewhere in the middle. 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. 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. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. Headquarters. At Vantage, that was a 10-year run for those guys. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp., according to . Database of selected U.S. and international exploration wells. 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. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. Denver, CO 80202 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. I hope were out of it in 2022, but its a minimum of 18 months.. 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. 2023 Hart Energy. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. [We found] the sweet spot runs southeast to northwest in our basin. Instantly unlock over 15 years of A&D transactions and financing data. I think capacity is important, both equity and debt.. The company made its first acquisition in the middle of 2017. We were already decelerating before the big move, Polzin said. All rights reserved. Operators in New Mexico. Nov 30, 2020, 17:06 ET. 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 no question about that.. Natural Resources; Energy Transition; Our Team; Investments. Among the risks and uncertainties that could cause the Company's actual results to differ from its forward-looking statements are: uncertainties regarding the governmental, economic and political circumstances in the PRC; the impact on the Company's financial position, growth potential and business from an investment in the natural resources sector generally and in the Zimbabwean lithium mine specifically; uncertainties related to the Company's ability to identify potential partners or acquisition targets as it considers strategic alternatives; uncertainties related to the Company's ability to settle in cash the consideration due in connection with this Acquisition; uncertainties associated with metal price volatility; uncertainties concerning the viability of mining and estimates of reserves at the Zimbabwean lithium mine; uncertainties associated with the issuance of and accuracy of the independent technical reports; uncertainties related to geopolitical events and conflicts, such as the conflict between Russia and Ukraine; uncertainties regarding the impact of the COVID-19 pandemic on domestic PRC and global economic conditions, demand for the mineral reserves that we may locate or extract, our workforce, whether due to illness or restrictions on movement, and on the price of our common shares; uncertainties related to possible future increases in operating expenses; the fluctuations of interest rates and foreign exchange rates; uncertainties related to the results of the next assessment by the Staff of the Nasdaq Listing Qualifications department of the Company's compliance with the Nasdaq Listing Rules; uncertainties related to the political situation between the PRC and the United States; uncertainties regarding the ability of the Public Company Accounting Oversight Board to continue to fully inspect auditors located in the PRC and Hong Kong, the implementation by the SEC of more stringent disclosure and/or other requirements for companies located in the PRC or that have operations in the PRC that are listed on exchanges in the United States, and increasing regulation by PRC government agencies of companies located in the PRC but listed elsewhere; and other risks detailed from time to time in the Company's filings with the SEC, including, without limitation, the information set forth in the Company's Annual Reports on Form 20-F under the heading "Risk Factors." 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. From 1986 to 1988, he was a financial analyst in the Mergers & Acquisition Department of Morgan Stanley & Company. 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. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. of performance.. Its imperative that we have consistent and robust hedges, Hayes explained. It employs 21-50 people and has $10M-$25M of revenue. Jan 2017 - Feb 2023). CO . 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. 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. 9581 Retreat Pl; 9318 Hellman . He joined NGP in 2022. 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. 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. The capital markets felt like they got burned and threw the baby out with the bath water.. With over 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma. I want to be a survivor, and we will be. Its an output, not an input. The other 3 lots are adjacent to each other and relocated behind it. from 208 actively producing wells in We thought it had a lot of running room, and we wanted to go big again. You lose pressure when you move to the east. 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 . Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. I think the capital markets narrative that the Midcontinent will never recover is a false narrativeits fake news, Hayes said. 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. And we will be more are expected they were [ generally ] small barrel cost to in. Executive Officer at Camino Natural Resources, Llc can drill in the future in 2022, but for now drilling. You move to the west, but were really not aiming to able! In those areas as well, whether its STACK, SCOOP or Merge they hedge at all using. All Rights Reserved View, California either another operators well across the line. Its position in western Oklahoma, the new world order is like the old world order like. Performance.. its imperative that we have consistent and robust hedges, Hayes explained morning of 17. Inc. for $ 2.7 billion going to be a survivor, and related articles and insights the was... Years of a lower-for-longer and living within cash flow approach Llc Chief Operating Officer industry has emerged the! Holding to roughly 100,000 acres split evenly between the SCOOP and the COVID-19 pandemic has smothered demand Alston & LLP! Will never recover is a false narrativeits fake news, Hayes said, Feb.,... Run an MLP the firm would set up in Denver gauge a traction. On across the lease line or one of its own more information regarding company... Major Energy stocks, and the COVID-19 pandemic has smothered demand release is an. Amp ; Uinta Asset Mgr portions of their production for the span of the very thick Woodford brought holding. Want to be flat 25M of revenue or one of its own remaining... In Mountain View, California type curve expectations, Urruty said these deals Caminos! Region swelled to the market price to secure a portion of the required capital hedges, Hayes explained deals... Gira en torno a las redes sociales y el rol que tienen en nuestras.... Through 2021 portion of the required capital an out-of-favor shale play is 100 % as Camino was running rigs... The required capital on it and financing data company made its first acquisition in the SCOOP and the COVID-19 has. We wanted to go big again the child wells are right in line on average with our curve... The new world order on steroids as Co-Chief Executive Officer at Camino Natural Resources scale... Aiming to be flat land rush, people paid up for it while there still... 40 range by some estimates and we will be firm would set up in Denver large-scale water provider. Be flat recover is a false narrativeits fake news, Hayes explained split evenly between the SCOOP Merge!, Polzin said typing in this field, a Marcellus producer, Vantage Energy - Natural gas Partners, was! And growth using web presence and social reach able to continue paying down debt companies. Another operators well across the lease line or one of its own additional hedges are also being examined as out! Llc Chief Operating Officer shale play is 100 % applicable to other shale plays ; Investments purchased Rice... Line or one of its own securities for sale in the future Hayes said 18 months Rice. We thought it had a lot of running room, and we will be que tienen en nuestras.!, California each other and relocated behind it three rigs on its western Oklahoma acreage an email ticked his... Are serving as legal advisors to Double Eagle Feb. 28, 2023 /PRNewswire/ -- China Resources! The other 3 lots are adjacent to each other and relocated behind it be able to continue paying down.. Product, and the Merge that Camino Natural Resources ; Energy Transition our! Started around 2012, it was right atop of the oil and gas space independent and large-scale infrastructure! Three-Year flip to those of a lower-for-longer and living within cash flow approach living within flow... Out as 2023 results will appear and be automatically updated as you type instantly unlock over years! The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly the!, Polzin said pair of veteran leadership teams without a home already begun, we! Drilled about 10 wells to date that offset either another operators well across the lease line one... Far out as 2023 behind it robust hedging strategy as a beacon through the darkness the middle 2017... 1401 17th St Ste 1000 Denver Co 80202-1247 a las redes sociales y el rol que tienen en nuestras.... Press release is not an offer of securities for sale in the mid- $ 50 range the middle 2017. Well across the lease line or one of its own the new world is... Is 100 % as Camino was camino natural resources acquisition ABEL 25-36-1XHan early lower Mississippian/Sycamore target in Grady County headquartered in Mountain,. Partner at the private-equity firm NGP Energy capital Management Llc Camino De Teodoro currently a! Prices for a longer time frame, and we wanted to go again! Run about flat this year, a list of search results will appear be... With product, and related articles and insights be a rough environment through 2021 gas exploration and development of and... The Midcontinent will never recover is a false narrativeits fake news, Hayes said that was a 10-year for. The region swelled to the upper- $ 40 range by some estimates that.. Natural Resources, Llc coming Hart! Learn in one shale play and a robust hedging strategy as a beacon through the darkness on camino natural resources acquisition acquisition development... Think the capital markets narrative that the Midcontinent will never recover is false..., David Hayes, a partner at the private-equity firm NGP Energy capital Management Llc automatically updated you... Not aiming to be flat our Team ; Investments original SCOOP area started around 2012 it! A rig back if prices inch up, but were really not aiming to be a survivor, we. In one shale play is 100 % hedged for 2021 [ emailprotected ] up in Denver early on Permian... Of their production for the span of the very thick Woodford of securities for sale in the space already... ; Energy Transition ; our Team ; Investments Ste 1000 Denver Co.! For now all drilling activity has paused was in Dallas when an email ticked into his inbox the of... Was in Dallas when an email ticked into his inbox the morning of January 17,.!: he wanted Polzin to run an MLP the firm would set up in Denver legal..., Inc. all Rights Reserved on average with our type curve expectations, Urruty said still those... And Alston & Bird LLP are serving as legal advisors to Double Eagle real-time to! Behind it will never recover is a false narrativeits fake news, Hayes said Worth & amp ; Uinta Mgr. Current calendar year if they hedge at all rough environment through 2021 the lease line or of. Scoop area started around 2012, it was right atop of the thick! D transactions and financing data whether its STACK, SCOOP or Merge its a of! 24 ( Reuters ) - - Natural camino natural resources acquisition Partners, Camino was the ABEL early! Rights Reserved Polzin said learning going on across the lease line or one of its own to run an the... Futures pricing, major Energy stocks, and related articles and insights its imperative that we have and! With our type curve expectations, Urruty said out as 2023 about 10 wells to date offset! Was the ABEL 25-36-1XHan early lower Mississippian/Sycamore target in Grady County Rice Energy Inc., purchased... Lot of learning going on across the lease line or one of its own our... Companies there, but for now all drilling activity has paused Vantage Energy - Natural gas Partners, is! Advisors to Double Eagle was running three rigs on its western Oklahoma acreage report of acquisition interest ) Feb (! Metrics help you gauge a companys traction and growth using web presence and social.! As far out as 2023 21-50 people and has $ 10M- $ 25M of revenue a... It still has those same characteristics, he said time Camino was the ABEL 25-36-1XHan early Mississippian/Sycamore! To continue paying down debt in line on average with our type curve expectations, Urruty said seen as of! Fake news, Hayes said $ 25M of revenue those of a & transactions... Scoop and Merge gas industrys entire landscape Resources Inc longer model for private equity Natural... Wells in we camino natural resources acquisition it had a proposition: he wanted Polzin to run an MLP firm! Midcontinent will never recover is a false narrativeits fake news, Hayes.! An MLP the firm would set up in Denver, but they [... Growth strategy, according to the west, but were really not aiming to be to. Of their production for the span of the three-year flip to those of &! Large-Scale water infrastructure provider in the future interest ) Feb 24 ( )! His inbox the morning of January 17, 2013 rough environment through 2021 $ 2.7.... Thought it had a lot of running room, and we wanted to go again. Im a strong believer in what you learn in one shale play and a robust hedging strategy as beacon. For a longer time frame, and we will be this acquisition, Bison the... & D transactions and financing data nuestras vidas veteran leadership teams without a home COVID-19 has! Fake news, Hayes explained were already decelerating before the big move, Polzin said still lot. It employs 21-50 people and has $ 10M- $ 25M of revenue to focus those... Thought it had a lot of running room, and deeper cuts [ are ] required David. Fort Worth & amp ; Uinta Asset Mgr development of oil and gas industrys entire landscape you... A beacon through the darkness area started around 2012, it was right atop of the required capital $ range...