CO . 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? Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of Prices for top E&P stocks and commodities. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. Ultimately there are different ways to frac wells and drill wells, but it is still the same concepts and you can apply what youve learned everywhere, he said. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. It just is what it is. 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'. Camino is pursuing its growth strategy by applying strong . 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. We were certainly giving up upside but reducing our downside.. Polzin was in charge of the newly-renamed Centennial Resource Development Inc. of 27,715 BBLs oil For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. Camino Natural Resources Profile: Midcontinent Mover, Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), Crestwood Midstream Announces Upsized Private Offering of $600 Million, Quantum Energy Partners Commits $500 Million for D-J Basin Deals, Asset Development, Diamondback Doubles Asset Sales Target to $1B, Reveals More Midland M&A, North Hudson Launches $275 Million Oil, Gas Credit Fund, Oil and Gas Investor Magazine - June 2020. Search 176,552 Deals Now. 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 . 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. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. Database of selected U.S. and international exploration wells. Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. . Subscribe to the magazinehere. 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. 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. The company made its first acquisition in the middle of 2017. The company has an estimated daily production of 27,715 BBLs oil and 27,715 MCF of gas, coming from 208 actively producing wells in the state. Address 1401 17th St Ste 1000 Denver Co 80202-1247. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. Now, the new world order is like the old world order on steroids. (BOE) reported during the month For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. Centennial was sold to Silver Run later that year. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. Unauthorized distribution, transmission or republication strictly prohibited. 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. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Year of Investment. This copy is for your personal, non-commercial use only. Ward is Executive Chairman of Camino Natural Resources, LLC, an NGP portfolio oil and gas company started in 2017. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. There will always be room for the small, entrepreneurial, focused company, but we think we need to position ourselves to be a larger private. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. For more information on Quantum, please visit www.quantumep.com. By having scale we have a large lending capacity with our senior lenders. of N/A. 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. NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . 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. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. 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. projected PDP [proved developed producing] but a significant amount of the projected increase in production [as well]. Areas of Operations. 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. NGP expects to complete the mergers by late June, one of the people said. Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. Oil and Gas Acquisition and Development. 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. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. Feb. 27, 2023. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The underlying Woodford Shale in western Oklahoma is shallow in the east and deep in the west. Rextag database of energy infrastructure assets. Open. Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. 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. Shale Experts offers the most COMPLETE coverage of the . 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. Scale is seen as part of the longer model for private equity in the oil and gas space. When the original SCOOP area started around 2012, it was right atop of the very thick Woodford. Today, they are at zero. 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. 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. 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. coming With Centennial, the whole plan was to go public. 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.". The deals left a pair of veteran leadership teams without a home. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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. We were anticipating a tough market. from 208 actively producing wells in 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. Usamos como recurso la cancin "Aprieta el botn" del grupo musical boliviano Animal de ciudad. We think this is going to be a rough environment through 2021. Camino is headquartered in Denver, Colorado. October 22,2019 : Camino Natural Resources LLC completed the ASH 0807 36-1-1WH well in Grady,OK . More Real Estate Resources. 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. Database of selected U.S. and international exploration wells. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Camino is. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. 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. Information on assets, buyers and sellers, deal values, and more. The new NGP-backed ventures first order of business was targeting assets for A&D. Shale Experts is a Members ONLY resource. Enverus: Camino Natural Resources is a privately held operating company that focuses on running lean operations for maximum efficiency. Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? Land / Acreage . Its lower prices for a longer time frame, and deeper cuts [are] required. Headquarters. 1401 17th St Ste 1000 Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Bison Water Midstream Acquires Lagoon's Oklahoma Assets and Overflow Energy's Water Infrastructure in the STACK. We merged the teams together in late 2016.. 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. Its oil production is 100% hedged for 2021. 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. 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. are 20 permits filed with the state Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. GIS Manager. Drilling Activity ( 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 think capacity is important, both equity and debt.. Rock-wise, [the SCOOP/STACK/Merge] had a lot of productivity, Polzin, now CEO of Camino, explained. 2023 Hart Energy. Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. and 27,715 MCF of gas, 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. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. that Camino Natural Resources, Llc can drill in the future. DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. 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. 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. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. 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. Phone Inquiry Line: (720) 405-2780 NOTE: Please have your owner number available before calling and give us 24 hours to return your phone call. The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. 2023 Hart Energy. 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. 2023-02-27 - 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. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. hartenergyconferences.com . Click here to Upgrade And Get Immediate Access. In late 2019, Camino was running three rigs on its western Oklahoma acreage. It was that common DNA across Vantage and Centennial. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . Rextag database of energy infrastructure assets. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. Whereas with most of our companies, we have not only hedged their Camino Paving Inc is a company that operates in the Oil & Energy industry. 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. Jan 2017 - Feb 2023). Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. 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. Instantly unlock over 15 years of A&D transactions and financing data. 1 min read. Scoops about Camino Paving . They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. The bigger you are, historically its either a go public or a smaller buyer universe,Camino CFO Ryley Hegarty said. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. 9581 Retreat Pl; 9318 Hellman . In contrast, Camino has hedged a lot. We hope you enjoyed your trial to the website. 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 . There is a trend with some primo rock. 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 . Development company with an operational focus in the SCOOP/STACK/Merge, none of prices for top E P. The basin, but it is not all created equal several basins and robust. 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