A searchable database of oil and gas debt and equity offerings. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. No forward-looking statement can be guaranteed. It is somewhere in the middle. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. DALLAS (PRWEB) February 13, 2018 Archeio Technologies (Archeio) announces that Camino Natural Resources, LLC (Camino), one of the largest privately held energy producers in Oklahoma, has selected its cloud-based oil & gas document management software. 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. The probe was an offset to a Ward-operated well that was drilled a year before the acquisition. 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). Seth Urruty Camino Natural Resources LLC Chief Operating Officer. Whereas with most of our companies, we have not only hedged their Search 176,552 Deals Now. Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. 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. 2023-02-24 - The Permian pure play is selling off midstream assets and upstream leasehold that cant compete for capital in the companys portfolio, Diamondback Chairman and CEO Travis Stice told investors. You need to be prepared to run that thing for the long term. There is a trend with some primo rock. 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. For more information on Quantum, please visit www.quantumep.com. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Nov 30, 2020, 17:06 ET. 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. Database of selected U.S. and international exploration wells. One area where Camino has proved ahead of the game has been with its robust hedging strategy. Total 4 lots, 564, 582, 604 Camino De Teodoro Walnut, CA 91789 APN: 8722-019-025, 8722-019-028, 8722-019-029, 8722-019-033. that Camino Natural Resources, Llc can drill in the future. 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. Land / Acreage . 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. 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. 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. 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.". 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. [email protected], Internet Explorer presents a security risk. Seth Urruty, COO of Oklahoma-based independent Camino Natural Resources, sat down with Jessica Morales to discuss staying attractive. of performance.. 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. Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. Except as required by law, the Company undertakes no obligation to update any forward-looking statements. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. the state. 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. As a result, we have steadily added long-term large-scale commercial contracts throughout the year with both new and existing customers. 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. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. The Woodford is also thick in the middle of the basin. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. Our assets. Most drilling has been done with one year to three years between completions, and the company has encountered infillor childwell degradation. Rextag database of energy infrastructure assets. 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 . There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. 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. Most public companies hedge portions of their production for the span of the current calendar year if they hedge at all. (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. Instantly unlock over 15 years of A&D transactions and financing data. Headquarters Address 1401 17th Street, Suite 900 Denver, CO 80202 United States Website 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. Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%. Click here to Upgrade And Get Immediate Access. 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. 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. 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. Operations . Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. Now, the new world order is like the old world order on steroids. It was originally published June 1, 2020.]. Placing the hedges early locked in a per barrel crude price in the mid-$50 range. projected PDP [proved developed producing] but a significant amount of the projected increase in production [as well]. Pushing the STACK northwest and northeast did not yield the same results. 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. With Centennial, the whole plan was to go public. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. 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. 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. Operators in New Mexico. 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. 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. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. Tue, 03/01/2022 - 11:40 AM. hartenergyconferences.com . To last longer, you need to be financially conservative, frankly, and create optionality. Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. 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. 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . 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. 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. 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"). 2023 Shale Experts, All rights reserved. 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. Camino Paving Inc is a company that operates in the Oil & Energy industry. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. Through YCES, youth who are experiencing homelessness or housing instability can be linked to available resources in Los Angeles County. In contrast, Camino has hedged a lot. Its serendipitous now with where the market is, but that was how we started.. 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