For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. 2023 PitchBook. 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. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. Operations . This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. When, in any forward-looking statement, the Company, or its management, expresses an expectation or belief as to future results, that expectation or belief is expressed in good faith and is believed to have a reasonable basis, but there can be no assurance that the stated expectation or belief will result or be achieved or accomplished. 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. The plan is to lower its debt from 2x EBITDA to closer to 1x by year-end. Scoops about Camino Paving . Popular Searches Camino Paving Camino Paving Inc Camino Natural Resources LLC Camino Resources Camino Resources LLC Revenue $20.7 M Employees 37 Founded 1976 I want to be a survivor, and we will be. Camino Natural Resources has agreed to pay $2.1 million as part of a settlement resolving class action claims it failed to pay statutory interest on payments that were allegedly late, in violation of Oklahoma law. 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. 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. 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. To get full access now. 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. We thought it had a lot of running room, and we wanted to go big again. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Today, they are at zero. We were anticipating a tough market. the state. Oil and Gas Acquisition and Development. I think capacity is important, both equity and debt.. 1401 17th St Ste 1000 Our assets. 2023 Hart Energy. 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. Camino Natural Resources. The result was Denver-based Camino Natural Resources LLC. It still has those same characteristics, he said. from 8 AM - 9 PM ET. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. CO . Rextag database of energy infrastructure assets. FORT WORTH, Texas--(BUSINESS WIRE)--Double Eagle III Midco 2 LLC (the Company or Double Eagle), wholly owned by DoublePoint Energy, LLC (DoublePoint), announced that it has entered into a definitive purchase agreement to sell all leasehold interests, subsidiaries and related assets to Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer"). Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. Tue, 03/01/2022 - 11:40 AM. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. . The Woodford is also thick in the middle of the basin. Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . 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. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Thats been a negative for our play. I expect we will be bigger, and thats the goal. Operator of an independent oil and natural gas company operating in the Central Oklahoma region. 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. 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. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. 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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. Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. When typing in this field, a list of search results will appear and be automatically updated as you type. We are honored to have the opportunity to combine our business with Pioneer, who we have long admired and regard as the premier operator in the Midland Basin. The last thing were worried about is production growth, Polzin said. Oil and natural gas production in New Mexico delivered $5.3 billion in state and local tax revenue - the highest figure ever recorded in New Mexico history. 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, a water midstream company in the SCOOP anchored by a +15-year gathering agreement with Casillas Petroleum Resource Partners. Through YCES, youth who are experiencing homelessness or housing instability can be linked to available resources in Los Angeles County. Instantly unlock over 15 years of A&D transactions and financing data. Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. 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. 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. 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 "CHN R") an nounced today that the . 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. +2.24 +6.89%. 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 DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. (BOE) reported during the month 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. 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. Denver, CO 80202 from 208 actively producing wells in We were already decelerating before the big move, Polzin said. Year of Investment. Whereas with most of our companies, we have not only hedged their The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. 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. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . 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. Click here to Upgrade And Get Immediate Access. 34.73. 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. You gain pressure to the west, but you lose oil. Now, the new world order is like the old world order on steroids. 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." 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. Even as it reviewed deals, it studied what made each play tickthe natural drivers. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. Camino Natural Resources, LLC is located in Denver, CO, United States. No forward-looking statement can be guaranteed. 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . Buy some other companies, maybe, but the goal is to be bigger because it is just a better economic, stable position for everybody involved. Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. 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. 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. 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. Shale Experts is a Members ONLY resource. Information on assets, buyers and sellers, deal values, and more. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . 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 . Unauthorized distribution, transmission or republication strictly prohibited. When it became apparent that oil prices were heading for $50, the company moved down to a two-rig program to stay within cash flow. Camino Natural Resources LLC, 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. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. 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. La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. Phil is a board member of Anew, Form Energy, . The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. 2023-01-31 - North Hudson said it's providing capital solutions to small- and mid-sized operators at a time when capital providers in the oil and gas sector are pulling back. 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.". 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. Camino Natural Resources is based in Denver, Colorado. Independent oil and natural gas acquisition and development company. 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 . [We found] the sweet spot runs southeast to northwest in our basin. For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. There is a trend with some primo rock. Equally important to all of that is financial [structure]. We hope you enjoyed your trial to the website. Camino Natural Resources retained EnergyNet for the sale of three separate packages of operated and nonoperated opportunities in the Midcontinent region located in Central Oklahoma, the Anadarko Basin and the Mississippi Lime play. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. Subscribe for free to our newsletters for the latest energy news. New Mexico Wells Drilled by Operator in 2021. 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 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The Company will pay an aggregate of US$35 million by way of promissory notes and/or cash as a deposit if it chooses to proceed with the Acquisition after completion of due diligence, and an aggregate of US$140 million by way of promissory notes and/or cash as an initial installment. coming 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. Enverus: Camino Natural Resources is a privately held operating company that focuses on running lean operations for maximum efficiency. Placing the hedges early locked in a per barrel crude price in the mid-$50 range. Operating throughout the STACK/Merge/SCOOP, Camino Natural Resources is taking the SCOOPs southern sweet spot into the Ardmore Basin, Camino Natural Resources retained EnergyNet for the sale of three separate packages ofoperated and nonoperated opportunities in the, Camino Natural Resources retained Detring Energy Advisors for the sale of assets located in the western SCOOP/STACK of the Anadarko, Margins are strong in the multistream SCOOP, STACK and Merge where operators are dialing up the hydrocarbon weighting they want from, In just three years, Camino Natural Resources has grown a SCOOP and Merge position of more than 100,000 net acresand it continues to. It was that common DNA across Vantage and Centennial. Camino was founded by Ward Polzin, a veteran energy executive and founding CEO of Centennial Resource Development. For investor relations, please contact Michael Dalton at (713) 452-2000. Its imperative that we have consistent and robust hedges, Hayes explained. (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. Mr. Ward Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources. More than 2,500 Subscribers rely on our data each day. Double Eagle built a truly world-class business through strong execution and unmatched creativity. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. It got drilled too tightly, and there were really high expectations. All rights reserved. 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. and 27,715 MCF of gas, 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. As the company grew, the importance of scale continued to drive its narrative. Denver, Colorado. He joined NGP in 2022. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. For more information on Quantum, please visit www.quantumep.com. 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. All rights reserved. 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. Buyer Type (PE or Strategic) . Polzin was in charge of the newly-renamed Centennial Resource Development Inc. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. The child wells are right in line on average with our type curve expectations, Urruty said. Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. Camino is headquartered in Denver, Colorado. [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. of N/A. Today, basically 100% of the companys PDP wedge is hedged for the balance of 2020. You need to be prepared to run that thing for the long term. Cision Distribution 888-776-0942 Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. hartenergyconferences.com . We were certainly giving up upside but reducing our downside.. It is somewhere in the middle. 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. projected PDP [proved developed producing] but a significant amount of the projected increase in production [as well]. 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. 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. 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. This copy is for your personal, non-commercial use only. More Real Estate Resources. It employs 21-50 people and has $10M-$25M of revenue. DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. At Vantage, that was a 10-year run for those guys. Feb. 27, 2023. The firm is based in Evanston, Illinois and has offices in London and Houston. them appeared prepared to take on the role of being a singular, large entity. Operators in New Mexico. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. 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? 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.