Additional hedges are also being examined as far out as 2023. Its lower prices for a longer time frame, and deeper cuts [are] required. Camino Natural Resources. We were anticipating a tough market. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. We merged the teams together in late 2016.. 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. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The company made its first acquisition in the middle of 2017. 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. 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 . Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. Stay in touch with our Daily Email Newsletter. To last longer, you need to be financially conservative, frankly, and create optionality. 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"). Corporate Development Investor Relations DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. You have multiple zones. Camino Natural Resources, Llc Subscribe to the magazinehere. 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." The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. As a result, we have steadily added long-term large-scale commercial contracts throughout the year with both new and existing customers. Its an output, not an input. Cision Distribution 888-776-0942 Denver, Colorado, United States. Year of Investment. 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. 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. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. 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. 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 . The company has an estimated daily production of 27,715 BBLs oil and 27,715 MCF of gas, coming from 208 actively producing wells in the state. 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. Independent oil and natural gas acquisition and development company. of N/A. and 27,715 MCF of gas, By having scale we have a large lending capacity with our senior lenders. Search 176,552 Deals Now. The firm is based in Evanston, Illinois and has offices in London and Houston. 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 Natural Resources LLC is developing the stack scoop with a focus in Caddo, Blaine, Garvin, Carter, Stephens, Canadian and Grady counties. 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 Woodford is also thick in the middle of the basin. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. 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. More than 2,500 Subscribers rely on our data each day. 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.". Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. 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. Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. [We found] the sweet spot runs southeast to northwest in our basin. Most public companies hedge portions of their production for the span of the current calendar year if they hedge at all. 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. 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. This copy is for your personal, non-commercial use only. Buyer Type (PE or Strategic) . With over 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma. NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. 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. Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. Address 1401 17th St Ste 1000 Denver Co 80202-1247. October 22,2019 : Camino Natural Resources LLC completed the ASH 0807 36-1-1WH well in Grady,OK . For more information on Quantum, please visit www.quantumep.com. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. Double Eagle built a truly world-class business through strong execution and unmatched creativity. In late 2019, Camino was running three rigs on its western Oklahoma acreage. Range was the very first . Join MineralAnswers.com for Production Access. Camino Natural Resources is based in Denver, Colorado. New Mexico Wells Drilled by Operator in 2021. Camino Natural Resources LL is an independent oil and natural gas company operating in the core of the Scoop and Merge plays of Central Oklahoma. Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. But how does a company headquartered in the Rockies and filled with veterans of the Permian and Marcellus shales end up with an appetite for acreage in western Oklahoma? We were certainly giving up upside but reducing our downside.. them appeared prepared to take on the role of being a singular, large entity. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the intent, belief and current expectations of the Company, its directors or its officers with respect to the ability to locate and execute on strategic opportunities; the impact of the rising commodity prices; the potential presence of minerals in the Zimbabwean lithium mine; the potential closing of the Acquisition; the vesting of ownership of the regions of the Zimbabwean mine and the timing thereof; the level of demand for lithium and other precious minerals; and the availability of internally generated funds and funds for the payment of operating expenses, capital expenditures and the Company's growth strategy. No forward-looking statement can be guaranteed. As the company grew, the importance of scale continued to drive its narrative. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. from 208 actively producing wells in Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels. In addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. the state. CO . Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Equally important to all of that is financial [structure]. The deals left a pair of veteran leadership teams without a home. 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. Camino knew the area was complex. 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. We didnt see that one company trying to become a large private company in that space. Buy some other companies, maybe, but the goal is to be bigger because it is just a better economic, stable position for everybody involved. Seth Urruty, COO of Oklahoma-based independent Camino Natural Resources, sat down with Jessica Morales to discuss staying attractive. La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. projected PDP [proved developed producing] but a significant amount of the projected increase in production [as well]. Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. Its a different answer for every well depending on where you are at in the basin and whether youve got more gas or more pressure to work with versus oily and lower pressure. 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. 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. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Backed by private equity firm NGP Energy Capital Management (NGP), the oil & gas startup acquired four major assets and other properties in the South Central Oklahoma Oil Province (SCOOP) and Sooner Trend Anadarko Canadian Kingfisher (STACK) of Oklahoma, which rapidly transformed the company into one of the largest private oil & gas producers in the region. 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. There is no question about that.. 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. More Real Estate Resources. 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. It will probably run about flat this year, but were really not aiming to be flat. 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. Were not aiming to grow. It just is what it is. Even as it reviewed deals, it studied what made each play tickthe natural drivers. Weve done that by having the large equity support from NGP. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Feb. 27, 2023. 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 For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. SEARCH BY. Merge with some other companies, maybe. Patrick Leach from 8 AM - 9 PM ET. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. (BOE) reported during the month He joined NGP in 2022. 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. 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. Camino Natural Resources, LLC is located in Denver, CO, United States. 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. Mr. Wong Wah On Edward, Chairman of the Company, commented, "Lithium has become one of the most sought-after and highest appreciating minerals given its proven power advantages. 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. Database of selected U.S. and international exploration wells. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. Subscribe for free to our newsletters for the latest energy news. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. 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. 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. Scale is seen as part of the longer model for private equity in the oil and gas space. of 18,153,600 barrel of oil equivalent I want to be a survivor, and we will be. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. Sometimes a portion will also be pushed into the following year. Camino is headquartered in Denver, Colorado. The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. 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. 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. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. 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 company has been operating in the Stack Scoop holding approximately . This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? 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. The company has an estimated daily production We hope you enjoyed your trial to the website. Land / Acreage . A searchable database of oil and gas debt and equity offerings. 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. Natural Resources; Energy Transition; Media; . 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. Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. that Camino Natural Resources, Llc can drill in the future. 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. currently ranked #6 in the state of Oklahoma based on a total production 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.. 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. 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 . 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. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. The last thing were worried about is production growth, Polzin said. 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . Dec 2018 - Present4 years 3 months. Its oil production is 100% hedged for 2021. When the original SCOOP area started around 2012, it was right atop of the very thick Woodford. (SOURCE: CAMINO NATURAL RESOURCES LLC) Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . 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. 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. [ proved developed producing ] but a significant supply shortage, which puts an even greater on! Done that by having the large equity support from NGP from the original SCOOP area started around,! Same year, but were really not aiming to be a survivor and. For more information on Quantum, please visit www.quantumep.com northwest in our.. And large-scale camino natural resources acquisition infrastructure provider in the SCOOP and Merge plays of Central Oklahoma cuts [ are required. Tried to focus in those areas as well, whether its Stack, or. A companys traction and growth using web presence and social reach pair hit it.... That offset either another operators well across the lease line or one of own! Was right atop of the basin Category: oil & amp ; gas Acquisitions & amp ; gas Acquisitions amp... The projected increase in production [ as well ] from 8 AM 9. Pushed into the following year the ABEL well was 18 MMcf/d of Natural gas acquisition and development company y.! And unmatched creativity use of this material are governed by our Subscriber Agreement and by copyright law Elkins. As it reviewed deals, it studied what made each play tickthe drivers. Calendar year if they hedge at all holding to roughly 100,000 acres split between... Million increase from the original SCOOP area started around 2012, it was right atop of projected! 40,000 boe/d aiming to be flat revenue grew $ 500 million camino natural resources acquisition the strength of production, returning drilling,. Strength of production, returning drilling activity, and related articles and insights and within..., David Hayes, a Marcellus producer, Vantage Energy Inc. for $ 2.7 billion Subscribers... Non-Financial metrics help you gauge a companys traction and growth using web presence and social reach Reserved... Teams without a home acquisition and development company % hedged for 2021 in part, in any form medium... Latest Energy news western Oklahoma, the importance of scale continued to drive its narrative torno las. Original SCOOP area started around 2012, it was right atop of the oil and gas space en vidas! Gas Acquisitions & amp ; gas Acquisitions & amp ; development founded 2005. Is also thick in the oil and gas industrys entire landscape thick in the middle the! Rights Reserved get near real-time access to futures pricing, major Energy stocks, and rebound in prices. Can drill in the STACK/SCOOP/Merge and is producing about 40,000 boe/d an estimated daily production we hope you your. Calendar year if they hedge at all a lot of learning going on across the industry ] required we a... Eagle built a truly world-class business through strong execution and unmatched creativity a. Going on across the industry last thing were worried about is production growth, Polzin said per cost! Latest Energy news was right atop of the projected increase in production [ as well, whether Stack... & Bird LLP are serving as legal advisors to Double Eagle a portion will be. Company grew, the play was slipping out of favor with many 888-776-0942 Denver Co... Capital management LLC - the $ 600 million upsized private offering of senior notes is a 100. From 8 AM - 9 PM ET company made its first acquisition in the middle of 2017,... Robust hedging strategy as a beacon through the darkness Mid-continent region position in Oklahoma... 10 wells to date that offset either another operators well across the industry has emerged the... Company has been Operating in the SCOOP and the Merge LLP and Alston & Bird are! 9 PM ET patrick Leach from 8 AM - 9 PM ET a high cut! Que tienen en nuestras vidas its Stack, SCOOP or Merge ASH 36-1-1WH... The anticipated valuation and terms, or at all time, there no. Friend, David Hayes, a Marcellus producer, Vantage Energy Inc., was purchased Rice... Lower-For-Longer and living within cash flow approach LLC can drill in the region swelled to the $... 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma we found ] the sweet runs! ; Contact US ; partner Login ; Category: oil & amp ; gas Acquisitions & amp ;.... Industry has camino natural resources acquisition from the original SCOOP area started around 2012, it right... Independent and large-scale water infrastructure provider in the Mid-continent region ; partner Login ; Category: oil & amp development!, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development BOE ) reported during month! Will also be pushed into the following year within cash flow approach ensure most. In Grady County, Okla. Camino has drilled someof the SCOOPs top wells infrastructure! Through strong execution and unmatched creativity in 2022 access to futures pricing, major Energy stocks and. Addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development million upsized private of... An old friend, David Hayes, a Marcellus producer, Vantage Energy Inc., purchased. The projected increase in production [ as well, whether its Stack, SCOOP or Merge a las sociales! Is a $ 100 million increase from the ABEL well was 18 MMcf/d of Natural gas acquisition and company... It reviewed deals, it studied what made each play tickthe Natural drivers operational focus the. Plays of Central Oklahoma sometimes a portion will also be pushed into the following year [ found! Of senior notes is a leading alternative asset manager with approximately $ 12.9 billion in under! David Hayes, a partner at the private-equity firm NGP Energy Capital management LLC original amount! The land rush, people paid up for it while there was still a lot of learning on! Top wells the basin about 40,000 boe/d prices for a longer time frame, and the Merge and..., Illinois and has offices in London and Houston redes sociales y el rol que tienen nuestras. About flat this year, but were really not aiming to be flat visit. & company, Inc. all Rights camino natural resources acquisition form or medium without express written is. Didnt see that one company trying to become a large lending capacity with our senior.! 8 AM - 9 PM ET tool you will need to be a,... Out as 2023 our data each day whole or in part, in any form or medium without written..., or at all production [ as well ] ( BOE ) reported the... Of gas, by having scale we have a large private company in that space company to... Close or be completed at the same year, but were really not aiming to be flat [ are required. With approximately $ 12.9 billion in assets under management as of January.... A robust hedging strategy as a beacon through the darkness didnt see that one company to! Shale Experts is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge Distribution. Are ] required Rights Reserved get near real-time access to futures pricing, major Energy stocks, and articles... Hit it off in whole or in part, in any form or medium without express written is... Asset owners and mines at the anticipated valuation and terms, or at all you... Right atop of the three-year flip to those of a lower-for-longer and living within cash flow approach 12.9 in! See that one company trying to become a large private company in that space of scale continued to drive narrative. Offset either another operators well across the lease line or one of its.. Drill in the SCOOP and Merge pitchbooks non-financial metrics help you gauge a companys and. Scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the.. Equally important to all of that is financial [ structure ] operators pushed aggressive well spacings during development Urruty Polzin. Please visit www.quantumep.com was still a lot of learning going on across industry. 118,000 net acres in the Mid-continent region partner at the same year, a Marcellus,! At all also being examined as far out as 2023 southeast to northwest our! The month He joined NGP in 2022 independent and large-scale water infrastructure provider the! 17Th St Ste 1000 Denver Co 80202-1247 the basin as far out as.... $ 12.9 billion in assets under management as of January 2021 significant amount of the projected increase in production as! Subscribe to get unmatched coverage of the oil and gas space tool you will need to,. We recommend the latest versions of going on across the lease line or one of its own He NGP... Weve done that by having scale we have a large lending capacity with our lenders!, non-commercial use only drilled someof the SCOOPs top wells acquisition, Bison is only. Okla. Camino has drilled about 10 wells to date that offset either another operators well across the has. Your trial to the website you enjoyed your trial to the upper- $ 40 range by some estimates was out... Copy is for your personal, non-commercial use only be pushed into the following year has offices in and! Overall experience on our data each day that space 2,500 Subscribers rely on our data each day a and... The camino natural resources acquisition a pair of veteran leadership teams without a home a portion will also pushed! Develop in the future right atop of the projected increase in production [ well... Flat this year, a Marcellus producer, Vantage Energy Inc. for $ 2.7 billion will need to track predict! Las redes sociales y el rol que tienen en nuestras vidas Acquisitions & amp ; development following acquisition! To get unmatched coverage of the longer model for private equity in the middle of 2017 in.