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. He joined NGP in 2022. Additionally, we are excited to be shareholders in Pioneer as we are firm believers in their strategy of free cash flow generation that enables a competitive base and strong variable dividend.. 1401 17th St Ste 1000 Consolidation in our industry has never been more essential than it is today, making this a particularly timely and important next phase of growth for Bison's water midstream business. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. 2023-02-27 - Retired NGP co-founder Ken Hersh shares lessons learned in the energy private equity firms first 28 years, green lights and red lights, growing a new investment class and repotting plants. Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. 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. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. Rextag database of energy infrastructure assets. Lightly levered. Centennial was sold to Silver Run later that year. There is no question about that.. 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. Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. Seth brought a lot of good practices when thinking about running this for 10 years. It employs 21-50 people and has $10M-$25M of revenue. (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 last thing were worried about is production growth, Polzin said. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. 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. 2023 Hart Energy. When typing in this field, a list of search results will appear and be automatically updated as you type. We were certainly giving up upside but reducing our downside.. Operator of an independent oil and natural gas company operating in the Central Oklahoma region. 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. No forward-looking statement can be guaranteed. I think capacity is important, both equity and debt.. Stay in touch with our Daily Email Newsletter. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. Based upon that IP30 rate, it is still one of the top three wells ever drilled in the SCOOP, Polzin said. Polzin was in charge of the newly-renamed Centennial Resource Development Inc. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. Denver, CO 80202 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"). By April 2014. Buyer Type (PE or Strategic) . The other 3 lots are adjacent to each other and relocated behind it. Our assets. 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. Camino Natural Resources, Llc is currently ranked #6 in the state of Oklahoma based on a total production of 18,153,600 barrel of oil equivalent (BOE) reported during the month of N/A. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. 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? The Woodford is also thick in the middle of the basin. Camino Natural Resources, Llc is Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. Year of Investment. Seth Urruty, COO of Oklahoma-based independent Camino Natural Resources, sat down with Jessica Morales to discuss staying attractive. Drilling Activity ( Were applying that here, too. I think the capital markets narrative that the Midcontinent will never recover is a false narrativeits fake news, Hayes said. Now, the new world order is like the old world order on steroids. Whereas with most of our companies, we have not only hedged their +2.24 +6.89%. 1 min read. 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. Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. Im a strong believer in what you learn in one shale play is 100% applicable to other shale plays. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. 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. Oil and Gas Acquisition and Development. When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. Enverus: Camino Natural Resources is a privately held operating company that focuses on running lean operations for maximum efficiency. 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. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. With Centennial, the whole plan was to go public. 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. 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. 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. Operators in New Mexico. Its more of that U-shaped recovery. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . are 20 permits filed with the state It is also fortunate to be able to continue paying down debt. 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. We think this is going to be a rough environment through 2021. The probe was an offset to a Ward-operated well that was drilled a year before the acquisition. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. Nov 30, 2020, 17:06 ET. 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.". Mr. Ward Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. Dec 2018 - Present4 years 3 months. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . 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. 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. 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. This copy is for your personal, non-commercial use only. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. 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 Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of that Camino Natural Resources, Llc can drill in the future. 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. 582 Camino De Teodoro currently has a single family building on it. 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. The deals left a pair of veteran leadership teams without a home. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. The Youth Coordinated System (YCES) makes it easier for youth ages 16-24 to access housing resources and supportive services, including education support, employment assistance, and mental health services. hartenergyconferences.com . from 208 actively producing wells in I expect we will be bigger, and thats the goal. Previously, . 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. Additional hedges are also being examined as far out as 2023. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. . Camino Natural Resources. By having scale we have a large lending capacity with our senior lenders. 9581 Retreat Pl; 9318 Hellman . From 1986 to 1988, he was a financial analyst in the Mergers & Acquisition Department of Morgan Stanley & Company. Instantly unlock over 15 years of A&D transactions and financing data. Search 176,552 Deals Now. Headquarters Address 1401 17th Street, Suite 900 Denver, CO 80202 United States Website Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. Scoops about Camino Paving . Cision Distribution 888-776-0942 The company has been operating in the Stack Scoop holding approximately . Camino Natural Resources is based in Denver, Colorado. 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. 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. We were able to almost immediately apply some of our completion beliefs and do some testing with slightly larger water and sand concentrations, but [we focused] mainly [on] optimization around the types of sand and the types of fluids that we believed were appropriate.. Buy some other companies, maybe, but the goal is to be bigger because it is just a better economic, stable position for everybody involved. It was originally published June 1, 2020.]. 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. 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. 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. The company has an estimated daily production There For more information on Quantum, please visit www.quantumep.com. Its lower prices for a longer time frame, and deeper cuts [are] required. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. Merge with some other companies, maybe. 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 . 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. 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. With backing from private equity firm Natural Gas Partners, Camino is pursuing a growth strategy, according to the company website. Camino is absorbing two other companies backed by Dallas-based NGP, Luxe Energy LLC and 89 Energy II LLC, according to people familiar with the matter. 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. This copy is for your personal, non-commercial use only. The new NGP-backed ventures first order of business was targeting assets for A&D. 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. Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. Today, they are at zero. 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. 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 found] the sweet spot runs southeast to northwest in our basin. Open. The Company may issue restricted CHNR shares at a discount to the market price to secure a portion of the required capital. Access to in-depth interviews with industry insiders. Focus. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. Equally important to all of that is financial [structure]. At Vantage, that was a 10-year run for those guys. 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. (SOURCE: CAMINO NATURAL RESOURCES LLC) from 8 AM - 9 PM ET. Natural Resources; Energy Transition; Media; . Camino Natural Resources Jan 2018 - Present5 years 1 month Greater Denver Area In my current role with Camino, I manage development activities for a growing private E&P company. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. 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. Areas of Operations. Prices for top E&P stocks and commodities. We were anticipating a tough market. The transaction is structured as the acquisition by a Pioneer subsidiary of 100% of the limited liability company interests of DoublePoints wholly owned subsidiary, Double Eagle III Midco 1 LLC. 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. A searchable database of oil and gas debt and equity offerings. The child wells are right in line on average with our type curve expectations, Urruty said. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. 2023 PitchBook. Weve done that by having the large equity support from NGP. 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. 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. of 27,715 BBLs oil Actividades. 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. For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. The company reduced its capex by 70% over last years spend. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. , Fort Worth & amp ; Uinta asset Mgr Officer at Camino Natural Resources, down. 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