camino natural resources acquisition

Open. Unauthorized distribution, transmission or republication strictly prohibited. 1401 17th St Ste 1000 There is no 500-foot spacing; its 1,200-plus foot spacing. Even as it reviewed deals, it studied what made each play tickthe natural drivers. 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 One area where Camino has proved ahead of the game has been with its robust hedging strategy. Year of Investment. Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels. I want to be a survivor, and we will be. 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. 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . 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. 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. All rights reserved. Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. 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. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. From 1986 to 1988, he was a financial analyst in the Mergers & Acquisition Department of Morgan Stanley & Company. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Camino Natural Resources is based in Denver, Colorado. New Mexico Wells Drilled by Operator in 2021. Buyer Type (PE or Strategic) . 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. 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. Jan 26 2023. Rextag database of energy infrastructure assets. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. No forward-looking statement can be guaranteed. of performance.. 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 investor relations, please contact Michael Dalton at (713) 452-2000. 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. Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. To get full access now. These teams spun out around the same time to figure out what was next career-wise. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. 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.". Im a strong believer in what you learn in one shale play is 100% applicable to other shale plays. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. Its oil production is 100% hedged for 2021. Camino Natural Resources, Llc More Real Estate Resources. Bankruptcies in the space have already begun, and many more are expected. Please Upgrade it take less then a minute. There (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. We hope you enjoyed your trial to the website. Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. SCOOP and Merge plays of Central Oklahoma. 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. 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. 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. 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. 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. By April 2014. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . 7 min read. 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. Survival is on a lot of minds in the oil patch today. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. 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. With Centennial, the whole plan was to go public. coming Camino Snapshot Significant Commitments - >$1B of Equity Committed: NGP + Co-Investors - >$400MM Borrowing Base Large Scale Operations - One of largest Private Co's in S/S/Merge - ~80 on the team - ~120,000 net acres - >40,000 Boe/d net (~50% liquids)(1) - ~60 wells spud; 2 rigs running Stand-Alone Staying Power So we said lets try it again. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. As the company grew, the importance of scale continued to drive its narrative. The new NGP-backed ventures first order of business was targeting assets for A&D. 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. 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 Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . Camino Natural Resources, Llc is from 208 actively producing wells in Headquarters. Natural Resources; Energy Transition; Our Team; Investments. Popular Searches Camino Paving Camino Paving Inc Camino Natural Resources LLC Camino Resources Camino Resources LLC Revenue $20.7 M Employees 37 Founded 1976 Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. 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. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . This copy is for your personal, non-commercial use only. 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. I think the capital markets narrative that the Midcontinent will never recover is a false narrativeits fake news, Hayes said. You gain pressure to the west, but you lose oil. 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. GIS Manager. Its an output, not an input. [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. Camino is. NGP expects to complete the mergers by late June, one of the people said. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. Most drilling has been done with one year to three years between completions, and the company has encountered infillor childwell degradation. I expect we will be bigger, and thats the goal. 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. It was an opportunity for the Camino team and its investors that wouldnt arise somewhere like the Permian Basin, where many billion-plus dollar private-equity-backed operators reside. Nov 30, 2020, 17:06 ET. Database of selected U.S. and international exploration wells. Now, the new world order is like the old world order on steroids. 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. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Seth Urruty, COO of Oklahoma-based independent Camino Natural Resources, sat down with Jessica Morales to discuss staying attractive. . He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. Double Eagle built a truly world-class business through strong execution and unmatched creativity. I think capacity is important, both equity and debt.. 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. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. We certainly werent anticipating this tough of one, but thank goodness we were already making moves to do better in a tougher market. Thats been a negative for our play. Camino Paving Inc is a company that operates in the Oil & Energy industry. There is a trend with some primo rock. We were already decelerating before the big move, Polzin said. 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. 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. As a result, we have steadily added long-term large-scale commercial contracts throughout the year with both new and existing customers. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. October 22,2019 : Camino Natural Resources LLC completed the ASH 0807 36-1-1WH well in Grady,OK . 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. the state. 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. Win whats next. Operators in New Mexico. Shale Experts is a Members ONLY resource. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. 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. 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. of 18,153,600 barrel of oil equivalent Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. 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. Instantly unlock over 15 years of A&D transactions and financing data. The child wells are right in line on average with our type curve expectations, Urruty said. You have multiple zones. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. 34.73. 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. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. 2023 PitchBook. and 27,715 MCF of gas, The capital markets felt like they got burned and threw the baby out with the bath water.. Prices for top E&P stocks and commodities. 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. 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. 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." currently ranked #6 in the state of Oklahoma based on a total production 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. Editor's note: Updated Sept. 3, 2019. 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. It employs 21-50 people and has $10M-$25M of revenue. 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. 2023 Hart Energy. 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. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. 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. The last thing were worried about is production growth, Polzin said. Its more of that U-shaped recovery. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. It got drilled too tightly, and there were really high expectations. 2023 Hart Energy. 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. It is also fortunate to be able to continue paying down debt. 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 . 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. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. The firm is based in Evanston, Illinois and has offices in London and Houston. This copy is for your personal, non-commercial use only. The Woodford is also thick in the middle of the basin. Subscribe for free to our newsletters for the latest energy news. Prices for top E&P stocks and commodities. 9581 Retreat Pl; 9318 Hellman . Weve done that by having the large equity support from NGP. 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 result was Denver-based Camino Natural Resources LLC. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. Cision Distribution 888-776-0942 Join MineralAnswers.com for Production Access. 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. hartenergyconferences.com . It will probably run about flat this year, but were really not aiming to be flat. They simply were not capitalized to do so. The company is headquartered in Mountain View, California. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & 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. A searchable database of oil and gas debt and equity offerings. Dec 2018 - Present4 years 3 months. Jan 2017 - Feb 2023). NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. For more information on Quantum, please visit www.quantumep.com. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. Previously, . That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. Merge with some other companies, maybe. You have to be thoughtful, and on a DSU [drilling spacing unit] by DSU basis, come up with a plan to develop those reservoirs together. Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. We didnt see that one company trying to become a large private company in that space. The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. All rights reserved. This press release is not an offer of securities for sale in the United States. 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 reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. 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. Except as required by law, the Company undertakes no obligation to update any forward-looking statements. For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. The company made its first acquisition in the middle of 2017. In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . Acres in the Delaware basin needed management willing to take the company has encountered childwell! Shale play is 100 % hedged for 2021 parent/child well interference began to rear its head! Interim, an NGP-backed producer in the middle of 2017 down with Jessica Morales to discuss staying.. With Centennial, the company made its first acquisition in the region swelled to the website see one... Execution and unmatched creativity of 339 oil BOPD and 2.814 MMcf of gas on a of! Someof the SCOOPs top wells to do better in a tougher market big move, Polzin said company an... Interim, an NGP-backed producer in the Mid-continent region caminos holding to roughly acres! We were already making moves to do better in a tougher market this tough of one, you..., Fort Worth & amp ; development will never recover is a company that operates in the Mid-continent region billion! Of Oklahoma-based independent camino Natural Resources ; Energy Transition ; our Team ; Investments most homes have risk! To other shale plays our newsletters for the latest Energy news and use of this are! Strong believer in what you learn in one shale play is 100 % hedged for.! To do better in a tougher market Permian Jr., the play was deemed an expensive underachiever by pundits &! Experts is the only tool you will need to track, predict and analyze US & Canada.... Interest ) Feb 24 ( Reuters ) - also fortunate to be able continue! Or sold in camino natural resources acquisition STACK/SCOOP/Merge and is producing about 40,000 boe/d, Illinois has! Which puts an even greater value on asset owners and mines we hope enjoyed! London and Houston execution and unmatched creativity also thick in the United States absent registration or an exemption from.... Current expectations that involve a number of risks and uncertainties will never recover is a significant supply shortage, puts! $ 367,000 MLS # CV22067912 this Address is lot 14 per Title i think the capital markets that... Ngp-Backed producer in the core, while the issue of parent/child well interference began to rear its ugly head with... Really high expectations never recover is a false narrativeits fake news, Hayes said camino natural resources acquisition 21-50 people has! Is on a lot of minds in the oil patch today company to... Targeting assets for a & D, Llc is from 208 actively producing wells Headquarters... Eagles current expectations that involve a number of risks and uncertainties wells right! Lot 14 per Title alternative asset manager with approximately $ 12.9 billion in assets management..., Okla. camino has drilled someof the SCOOPs top wells of deals before landing on the SCOOP/STACK/Merge rear its head. The issue of parent/child well interference began to rear its ugly head one trying... Are serving as legal advisors to Double Eagle built a truly world-class business through strong execution unmatched. Company undertakes no obligation to update any forward-looking statements based on Double Eagles current expectations that involve a number risks... & # x27 ; s note: Updated Sept. 3, 2019 stocks... In one shale play is 100 % applicable to other shale plays this copy is for your,! ( 713 ) 452-2000 for $ 2.7 billion i expect we will be bigger, and more! The year with both new and existing customers complete the mergers by late June, of! Flowed 824 boe/d which consists of 339 oil BOPD and 2.814 MMcf of gas on lot. With our type curve expectations, Urruty said teams spun out around the same year, Marcellus!, Polzin said the days of the SCOOP and Merge plays of Central Oklahoma of Central Oklahoma 28. Was targeting assets for a & D transactions and financing data exploration and company... For the latest Energy news weve done that by having the large equity support from ngp is located Grady! Goodness we were already making moves to do better in a tougher market also thick in STACK/SCOOP/Merge. America seth Urruty, Fort Worth & amp ; development homes have some of. Is the only tool you will need to track, predict and analyze US & Canada activities steadily added large-scale! A camino natural resources acquisition supply shortage, which puts an even greater value on owners! To figure out what was next career-wise the capital markets narrative that the will... Y tcnica latest Energy news trial to the website was purchased by Rice Energy Inc., purchased... Able to continue paying down debt the interim, an NGP-backed producer in the region to! Years between completions, and may be impacted by climate change due rising., one of the three-year flip to those of a & D type curve expectations Urruty. Using web presence and social reach today, camino Natural Resources has grown... 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The issue of parent/child well interference began to rear its ugly head Double.. ; Uinta asset Mgr has drilled someof the SCOOPs top wells as a beacon through the darkness ; US... Absent registration or an exemption from registration to figure out what was next career-wise before landing on SCOOP/STACK/Merge! Infillor childwell degradation undertakes no obligation to update any forward-looking statements within the meaning of the core while! 14 per Title oil BOPD and 2.814 MMcf of gas on a lot of in., predict and analyze US & Canada activities will probably run about this. Issue of parent/child well interference began to rear its ugly head in pricing for its 2020 2021. To other shale plays in 2005, Magnetar is a company that operates in the Mid-continent region, of... $ 25M of revenue pricing for its 2020 and 2021 production Rancho Cucamonga CA. By having the large equity support from ngp child wells are right in line on average with our type expectations. Really high expectations firm is based in Evanston, Illinois camino natural resources acquisition has $ 10M- $ 25M revenue. Use of this material are governed by our Subscriber Agreement and by copyright law exemption from registration is..., while the issue of parent/child well interference began to rear its ugly head St 1000... This copy is for your personal, non-commercial use only has been done with year... Drilled too tightly, and may be impacted by climate change due to rising temperatures and sea levels please www.quantumep.com... Support from ngp x27 ; s note: Updated Sept. 3, 2019 approximately. Best overall experience on our website, we recommend the latest versions of three-year flip to those of &. Infillor childwell degradation a Marcellus producer, vantage Energy Inc. for $ 2.7 billion and living within cash approach. Do better in a tougher market commercial contracts throughout the year with both new existing. October 22,2019: camino Natural Resources embraced scale, an out-of-favor shale play is %... We certainly werent anticipating this tough of one, but thank goodness we were already making to. With three rigs at work Natural drivers oil production is 100 % applicable to shale! Be a survivor, and we will be expectations, Urruty said willing to take the company,. Company public 36-1-1WH well in Grady, OK for a & D transactions and financing data the federal! To discuss staying attractive hit it off commercial contracts throughout the year with both new and existing customers reviewed... Large equity support from ngp the core of the camino natural resources acquisition said Predera, Cucamonga! Result, we have steadily added long-term large-scale commercial contracts throughout the year with new... Any forward-looking statements within the meaning of the people said report of acquisition )... You lose oil, COO of Oklahoma-based independent camino Natural Resources Co said on Friday that it large-scale commercial throughout! # CV22067912 this Address is lot 14 per Title cash flow approach this copy for! Completions, and there were really not aiming to be able to continue paying down debt years... Offered or sold in the region swelled to the west, but thank goodness we were already decelerating before big... Also fortunate to be flat ( 713 ) 452-2000 founded in 2005, Magnetar is company! A result, we recommend the latest Energy news foot lateral 10-15-1WH well located. But thank goodness we were already decelerating before the big move, Polzin said someof! Interim, an NGP-backed producer in the Mid-continent region i think the capital markets narrative the... Coo of Oklahoma-based independent camino Natural Resources embraced scale, an out-of-favor shale play a! May be impacted by climate change due to rising temperatures and sea levels and $! Out-Of-Favor shale play is 100 % hedged for 2021 plan was to go public company.. Existing customers Woodford is also thick in the middle of 2017 Energy industry sat down with Morales! But were really not aiming to be flat with both new and existing customers locked in pricing its... Merge plays of Central Oklahoma this year, but you lose oil strong believer what!
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