The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. of 27,715 BBLs oil 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.". 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. of performance.. Were applying that here, too. 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. We expect similar opportunities to emerge in the coming months on both the commercial and consolidation fronts, and we look forward to sharing our progress as those materialize.". Denver, CO 80202 [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. At Vantage, that was a 10-year run for those guys. 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. 1401 17th Street, Suite 900 Its serendipitous now with where the market is, but that was how we started.. I think the capital markets narrative that the Midcontinent will never recover is a false narrativeits fake news, Hayes said. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. (SOURCE: CAMINO NATURAL RESOURCES LLC) Camino knew the area was complex. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. 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. 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. The underlying Woodford Shale in western Oklahoma is shallow in the east and deep in the west. Weve done that by having the large equity support from NGP. The other 3 lots are adjacent to each other and relocated behind 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. As the company grew, the importance of scale continued to drive its narrative. 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"). Through YCES, youth who are experiencing homelessness or housing instability can be linked to available resources in Los Angeles County. Were not aiming to grow. 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. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. Access to in-depth interviews with industry insiders. 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. NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. Camino Paving Inc is a company that operates in the Oil & Energy industry. This press release is not an offer of securities for sale in the United States. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. (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 . 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 . No forward-looking statement can be guaranteed. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. It employs 21-50 people and has $10M-$25M of revenue. 2017. Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. Subscribe for free to our newsletters for the latest energy news. It just is what it is. Even as it reviewed deals, it studied what made each play tickthe natural drivers. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. He joined NGP in 2022. In late 2019, Camino was running three rigs on its western Oklahoma acreage. Natural Resources; Energy Transition; Our Team; Investments. 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. All rights reserved. The company has an estimated daily production Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Additional hedges are also being examined as far out as 2023. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. The deals left a pair of veteran leadership teams without a home. Camino Natural Resources, LLC is located in Denver, CO, United States. The capital markets felt like they got burned and threw the baby out with the bath water.. 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. Denver, Colorado, United States. USD. 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. Camino Natural Resources is based in Denver, Colorado. This copy is for your personal, non-commercial use only. The probe was an offset to a Ward-operated well that was drilled a year before the acquisition. October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . You gain pressure to the west, but you lose oil. To last longer, you need to be financially conservative, frankly, and create optionality. Focus. (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. 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. By having scale we have a large lending capacity with our senior lenders. them appeared prepared to take on the role of being a singular, large entity. It got drilled too tightly, and there were really high expectations. I think public companies reposition the optics of their hedge book depending on the direction of commodities prices, but generally speaking they hedge about half of their next years production. 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. For investor relations, please contact Michael Dalton at (713) 452-2000. Tue, 03/01/2022 - 11:40 AM. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. 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. 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." coming . 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"). With over 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma. 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 . 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. It was originally published June 1, 2020.]. 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. Lightly levered. Troy Energy, a newly formed, independent oil and gas acquisition, development, and exploration company based in Oklahoma City recently acquired some assets from Camino Natural Resources. Win whats next. We thought it had a lot of running room, and we wanted to go big again. 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. Phil is a board member of Anew, Form Energy, . You have multiple zones. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words such as believes, will, expects, anticipates, intends or similar words or phrases. New Listings in 91730. More Real Estate Resources. The last thing were worried about is production growth, Polzin said. This copy is for your personal, non-commercial use only. Patrick Leach HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . Subscribe to the magazinehere. A searchable database of oil and gas debt and equity offerings. Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. All rights reserved. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. Camino is headquartered in Denver, Colorado. 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. There is no 500-foot spacing; its 1,200-plus foot spacing. Today, basically 100% of the companys PDP wedge is hedged for the balance of 2020. Areas of Operations. Drilling Activity ( The company is headquartered in Mountain View, California. Provided by EnergyNet. Popular Searches Camino Paving Camino Paving Inc Camino Natural Resources LLC Camino Resources Camino Resources LLC Revenue $20.7 M Employees 37 Founded 1976 They simply were not capitalized to do so. the state. 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. New Mexico Wells Drilled by Operator in 2021. 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