Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . Stay in touch with the latest activities by subscribing to our daily email covering operators, service companies, (acreage, production rates, well info, development plans, resverse, and completions designs), NGP Consolidates Portfolio Companies in Camino Natural Resources, Snapshot: Camino Cores Up Anadarko Portfolio, Ups Production; 2020 Rig Activity, Profile : Camino Natural Resources: Assets, Maps,Development Plans 2018, Camino Taps Cardinal Midstream for STACK/SCOOP Takeaway Dedication, Cardinal Building New Iron Horse Gas Gathering/Processing Facility, Future and current Drilling Plans in , as of 03-01-2023, Intent To Drill/Drilling Permits for , as of 03-01-2023, Latest News on the US, Canada and International plays, Tracking Activity on more than 4,000 companies (E&P, Midstream & Oilfield Services), Active Rigs By Company and County (Updated Weekly), 2015 & 2014 Company Detailed Drilling Budgets, Company & Play Break-Even, Type Curves and Well Economics. Operators in New Mexico. Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. Instead, former EOG Resources Inc. CEO Mark Papa and his Silver Run special purpose acquisition company came calling in mid-2016, eager for an entry into the Delaware. Tue, 03/01/2022 - 11:40 AM. 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. Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. 2023 Hart Energy. Oct 25, 2013. vantageenergy.com . NGP expects to complete the mergers by late June, one of the people said. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. Instantly unlock over 15 years of A&D transactions and financing data. It is also fortunate to be able to continue paying down debt. 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 LLC, an oil-and-gas company backed by NGP Energy Capital Management, is once again acting as a consolidator in the private-equity firm's portfolio. 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. 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. Enverus: Camino Natural Resources is a privately held operating company that focuses on running lean operations for maximum efficiency. Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. Operations . Focus. Camino is headquartered in Denver, Colorado. 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. Camino is. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. It is somewhere in the middle. It was originally published June 1, 2020.]. 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. Were not aiming to grow. View original content:https://www.prnewswire.com/news-releases/china-natural-resources-announces-strategic-acquisition-of-lithium-mine-in-zimbabwe-301757390.html, https://www.prnewswire.com/news-releases/china-natural-resources-announces-strategic-acquisition-of-lithium-mine-in-zimbabwe-301757390.html, Novavax to pause RSV vaccine trial, assess pipeline, Ex-US congressman 'abused trust' to trade before mergers, prosecutor says, WRAPUP 1-Fed officials debate higher vs. just longer after January inflation jump, 'Enough pollution' in minority area eyed for NJ power plant, UPDATE 1-HSBC activist shareholder demands AGM vote on Asia business spin-off. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. Natural Resources; Energy Transition; Our Team; Investments. 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.". Stay in touch with our Daily Email Newsletter. 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. 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. currently ranked #6 in the state of Oklahoma based on a total production 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. The capital markets felt like they got burned and threw the baby out with the bath water.. In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. For investor relations, please contact Michael Dalton at (713) 452-2000. 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. We hope to do some deals., Hayes added, They are very well hedged. To last longer, you need to be financially conservative, frankly, and create optionality. More Real Estate Resources. 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. Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%. Merge with some other companies, maybe. hartenergyconferences.com . Oil and Gas Acquisition and Development. This copy is for your personal, non-commercial use only. 1401 17th Street, Suite 900 By having scale we have a large lending capacity with our senior lenders. Its an output, not an input. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. New Mexico Wells Drilled by Operator in 2021. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. 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. 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. 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. The bigger you are, historically its either a go public or a smaller buyer universe,Camino CFO Ryley Hegarty said. Its oil production is 100% hedged for 2021. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. Buyer Type (PE or Strategic) . (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. United States, Marketed: Camino Natural Resources Midcon Operated, Nonop Opportunities, Marketed: Camino Natural Resources Midcontinent Hoxbar Development, Marketed: Camino Southern Oklahoma Hoxbar Oil Trend Assets, NAPE: Chesapeake CEO Lawler Aims For 'All's Well That Ends Well'. Were applying that here, too. 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. 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. By April 2014. 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. 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. 80202-1247. The other 3 lots are adjacent to each other and relocated behind it. You need to be prepared to run that thing for the long term. 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 . When the original SCOOP area started around 2012, it was right atop of the very thick Woodford. Thats been a negative for our play. 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. Address 1401 17th St Ste 1000 Denver Co 80202-1247. In addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development. . The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. The firm is based in Evanston, Illinois and has offices in London and Houston. In late 2019, Camino was running three rigs on its western Oklahoma acreage. October 22,2019 : Camino Natural Resources LLC completed the ASH 0807 36-1-1WH well in Grady,OK . 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. Most drilling has been done with one year to three years between completions, and the company has encountered infillor childwell degradation. from 8 AM - 9 PM ET. Camino was founded by Ward Polzin, a veteran energy executive and founding CEO of Centennial Resource Development. 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 Year of Investment. Subject to the terms and conditions of the Sale and Purchase Agreement, the Company plans to issue restricted shares as 50% of the consideration for the Acquisition, with the remaining 50% of the consideration comprised of a promissory note and/or cash, for maximum consideration of US$1.75 billion (3.5 million estimated tons of measured, indicated and inferred resources of lithium oxide (grade 1.06% or above in accordance with the standard under the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves) priced at US$500 per ton). 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. 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. 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. This press release is not an offer of securities for sale in the United States. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. 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.". Completion of the Acquisition is contingent upon the satisfaction of a number of conditions, including, among other things, financing, due diligence results, issuance of independent technical reports, and the Company's cash and restricted share settlement of the total consideration. When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. 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 . HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . 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. Its imperative that we have consistent and robust hedges, Hayes explained. [We found] the sweet spot runs southeast to northwest in our basin. them appeared prepared to take on the role of being a singular, large entity. The Woodford is also thick in the middle of the basin. It will probably run about flat this year, but were really not aiming to be flat. USD. Join MineralAnswers.com for Production Access. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. We can work marketing better now that were bigger and optimizing our infrastructure, whether its water handling or selling gas and moving NGL downstream with pipes. 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. 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