When the original SCOOP area started around 2012, it was right atop of the very thick Woodford. Its imperative that we have consistent and robust hedges, Hayes explained. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. Jan 26 2023. Open. from 208 actively producing wells in There is a trend with some primo rock. 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. 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. We were certainly giving up upside but reducing our downside.. 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 firm is based in Evanston, Illinois and has offices in London and Houston. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. Camino purchased the SCOOP and Hoxbar oil trend assets of Ward Energy Partners LLC, a subsidiary of Ward Petroleum Corp. Around the same time, NGP-backed companies Rebellion Energy LLC and 89 Energy Holdings LLC contributed assets in the SCOOP and Merge for Camino equity. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. 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. Operators in New Mexico. All rights reserved. China Natural Resources, Inc. (NASDAQ: CHNR), a British Virgin Islands corporation, through its operating subsidiaries in the People's Republic of China (the "PRC"), is currently engaged in the wastewater treatment industry in the PRC, and the acquisition and exploitation of mining rights in Inner Mongolia, including preliminary exploration for nickel, lead, silver and other nonferrous metal, and is actively exploring further business opportunities in the healthcare sector, natural resources sector and other sectors. They simply were not capitalized to do so. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. 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. Range was the very first . 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. The rumor mill kicked into overdrive on Friday when Bloomberg published an article saying Pioneer Natural Resources Co., one the largest independent oil producers in the U.S., is considering (negotiating for) an acquisition of Marcellus driller Range Resources Corp., according to "people familiar with the matter.". Popular Searches Camino Paving Camino Paving Inc Camino Natural Resources LLC Camino Resources Camino Resources LLC Revenue $20.7 M Employees 37 Founded 1976 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. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. It still has those same characteristics, he said. Polzin was in charge of the newly-renamed Centennial Resource Development Inc. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. 2023 Hart Energy. currently ranked #6 in the state of Oklahoma based on a total production Rextag database of energy infrastructure assets. Ward is Executive Chairman of Camino Natural Resources, LLC, an NGP portfolio oil and gas company started in 2017. 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. Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. Prices for top E&P stocks and commodities. 34.73. 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. . Co-Chief Executive Officer and Board Member, Vice President & Chief Accounting Officer, To view Camino Natural Resourcess complete executive team members history, request access, To view Camino Natural Resourcess complete board members history, request access, To view Camino Natural Resourcess complete investments history, request access, Morningstar Institutional Equity Research. Oil and Gas Acquisition and Development. 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. projected PDP [proved developed producing] but a significant amount of the projected increase in production [as well]. For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. Click here to Upgrade And Get Immediate Access. 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. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. of N/A. SCOOP and Merge plays of Central Oklahoma. (BOE) reported during the month Subscribe to the magazinehere. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. investorrelations@depermian.com, Internet Explorer presents a security risk. 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. 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 Subscribe for free to our newsletters for the latest energy news. We hope to do some deals., Hayes added, They are very well hedged. Camino has not only gotten bigger via acreage deals; they have also integrated, taking on a midstream partnership with Cardinal Midstream and its Iron Horse System and a minerals partnership with Land Run Minerals. Jan 2017 - Feb 2023). Bankruptcies in the space have already begun, and many more are expected. To get full access now. 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. Pushing the STACK northwest and northeast did not yield the same results. Under the Sale and Purchase Agreement, it is expected that the Company will indirectly acquire all interests in Williams Minerals in the second fiscal quarter of 2023, and that the Company's "ownership" (as defined in the Sale and Purchase Agreement) of the Zimbabwean lithium mine will vest cumulatively, region by region from 2024 through 2026, contingent upon the issuance of independent technical reports and the Company's full settlement of the purchase consideration in cash and restricted shares. With over 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma. Denver, Colorado. 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. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. The company reduced its capex by 70% over last years spend. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Camino Natural Resources, LLC ("Camino") is an independent oil and natural gas company with assets in the core of the SCOOP and Merge plays in Oklahoma. By February 2020, the company was operating a single rig. +2.24 +6.89%. Seth brought a lot of good practices when thinking about running this for 10 years. The probe was an offset to a Ward-operated well that was drilled a year before the acquisition. Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. 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. 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. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. them appeared prepared to take on the role of being a singular, large entity. 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 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. Camino Natural Resources, Llc is La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. You lose pressure when you move to the east. 2023 PitchBook. It employs 21-50 people and has $10M-$25M of revenue. Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. 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