(SOURCE: CAMINO NATURAL RESOURCES LLC) Its serendipitous now with where the market is, but that was how we started.. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . Scoops about Camino Paving . This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. 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. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. Search 176,552 Deals Now. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . of performance.. Well step into it more conservatively on an absolute spacing basis, he said. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. 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. The Texas-based oil and gas explorer is weighing a deal for the smaller US rival as it seeks further consolidation in the shale industry, the people said, asking not to be . DENVER , For more information about Apollo, please visit www.apollo.com. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Centennial was sold to Silver Run later that year. Its imperative that we have consistent and robust hedges, Hayes explained. (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 . Ward is Executive Chairman of Camino Natural Resources, LLC, an NGP portfolio oil and gas company started in 2017. The new NGP-backed ventures first order of business was targeting assets for A&D. Camino is headquartered in Denver, Colorado. USD. With backing from private equity firm Natural Gas Partners, Camino is pursuing a growth strategy, according to the company website. Headquarters Address 1401 17th Street, Suite 900 Denver, CO 80202 United States Website Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. Camino Paving Inc is a company that operates in the Oil & Energy industry. Based upon that IP30 rate, it is still one of the top three wells ever drilled in the SCOOP, Polzin said. Camino Natural Resources, Llc is Win whats next. 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. 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.". The last thing were worried about is production growth, Polzin said. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. 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. We think this is going to be a rough environment through 2021. 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. Now, the new world order is like the old world order on steroids. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . Headquarters. 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. If we are going to be here a long time, were not going to roll the dice, so to speak, and be unhedged, Polzin said. Editor's note: Updated Sept. 3, 2019. Camino is. It got drilled too tightly, and there were really high expectations. 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). Information on assets, buyers and sellers, deal values, and more. October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . 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. 582 Camino De Teodoro currently has a single family building on it. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. 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. He joined NGP in 2022. [We found] the sweet spot runs southeast to northwest in our basin. 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. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. CO . (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. 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. There is no 500-foot spacing; its 1,200-plus foot spacing. The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. It just is what it is. 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. 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. 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"). 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. . The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. 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. You lose pressure when you move to the east. As the company grew, the importance of scale continued to drive its narrative. By April 2014. Jan 26 2023. Operators in New Mexico. 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. Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. 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. 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.. I expect we will be bigger, and thats the goal. There were a lot of private-equity-backed companies there, but they were [generally] small. 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. Its more of that U-shaped recovery. Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . We were already decelerating before the big move, Polzin said. Merge with some other companies, maybe. 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 - 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. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. Denver, Colorado, United States. 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. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. 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. To last longer, you need to be financially conservative, frankly, and create optionality. GIS Manager. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. Phil is a board member of Anew, Form Energy, . 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. Survival is on a lot of minds in the oil patch today. 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. The Woodford is also thick in the middle of the basin. These teams spun out around the same time to figure out what was next career-wise. Oil and Gas Acquisition and Development. 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. Subscribe for free to our newsletters for the latest energy news. 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. Rextag database of energy infrastructure assets. Oct 25, 2013. vantageenergy.com . We thought it had a lot of running room, and we wanted to go big again. So we said lets try it again. The plan is to lower its debt from 2x EBITDA to closer to 1x by year-end. 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 . 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. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. Database of selected U.S. and international exploration wells. 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. (BOE) reported during the month Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? 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. 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. Please Upgrade it take less then a minute. 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 Natural Resources is based in Denver, Colorado. The child wells are right in line on average with our type curve expectations, Urruty said. Buy some other companies, maybe, but the goal is to be bigger because it is just a better economic, stable position for everybody involved. 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