They simply were not capitalized to do so. DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. 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 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. CO . 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. I want to be a survivor, and we will be. 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"). For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. You gain pressure to the west, but you lose oil. 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. 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. The probe was an offset to a Ward-operated well that was drilled a year before the acquisition. Well step into it more conservatively on an absolute spacing basis, he said. . 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. 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. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. Were applying that here, too. Cision Distribution 888-776-0942 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. New Listings in 91730. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. It employs 21-50 people and has $10M-$25M of revenue. The Woodford is also thick in the middle of the basin. 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." Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. Year of Investment. Camino was founded by Ward Polzin, a veteran energy executive and founding CEO of Centennial Resource Development. of N/A. Denver, Colorado, United States. 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. He joined NGP in 2022. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. This press release is not an offer of securities for sale in the United States. Patrick Leach Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. All rights reserved. 9581 Retreat Pl; 9318 Hellman . 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. Thats been a negative for our play. Camino Natural Resources Profile: Midcontinent Mover, Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), Crestwood Midstream Announces Upsized Private Offering of $600 Million, Quantum Energy Partners Commits $500 Million for D-J Basin Deals, Asset Development, Diamondback Doubles Asset Sales Target to $1B, Reveals More Midland M&A, North Hudson Launches $275 Million Oil, Gas Credit Fund, Oil and Gas Investor Magazine - June 2020. 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. 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. 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. 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. 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. 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. 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. It just is what it is. Stay in touch with our Daily Email Newsletter. We merged the teams together in late 2016.. When typing in this field, a list of search results will appear and be automatically updated as you type. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Its imperative that we have consistent and robust hedges, Hayes explained. October 22,2019 : Camino Natural Resources LLC completed the ASH 0807 36-1-1WH well in Grady,OK . Oil and natural gas production in New Mexico delivered $5.3 billion in state and local tax revenue - the highest figure ever recorded in New Mexico history. 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. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. Its oil production is 100% hedged for 2021. 1401 17th Street, Suite 900 Shale Experts offers the most COMPLETE coverage of the . Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. The last thing were worried about is production growth, Polzin said. There is no question about that.. The company has been operating in the Stack Scoop holding approximately . Prices for top E&P stocks and commodities. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. Shale Experts is a Members ONLY resource. Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%. (SOURCE: CAMINO NATURAL RESOURCES LLC) 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,. 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. 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. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Denver, Colorado. 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. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . We think this is going to be a rough environment through 2021. Oil and Gas Acquisition and Development. 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. 2023 Hart Energy. 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 got drilled too tightly, and there were really high expectations. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. Camino is headquartered in Denver, Colorado. 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. This copy is for your personal, non-commercial use only. Headquarters Address 1401 17th Street, Suite 900 Denver, CO 80202 United States Website Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Corporate Development Investor Relations and 27,715 MCF of gas, The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. For more information about Apollo, please visit www.apollo.com. DENVER , Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . 2023 PitchBook. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. currently ranked #6 in the state of Oklahoma based on a total production I expect we will be bigger, and thats the goal. Camino Natural Resources, Llc is Natural Resources; Energy Transition; Media; . There is no 500-foot spacing; its 1,200-plus foot spacing. All rights reserved. FORT WORTH, Texas--(BUSINESS WIRE)--Double Eagle III Midco 2 LLC (the Company or Double Eagle), wholly owned by DoublePoint Energy, LLC (DoublePoint), announced that it has entered into a definitive purchase agreement to sell all leasehold interests, subsidiaries and related assets to Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer"). Northleaf Capital Raises $675 Million to Back Private-Equity Funds, Deals, Investcorp Collects More Than $1.2 Billion to Invest in North America, Apollo in Talks to Buy Aerospace-Parts Maker Arconic, Corry Capital Closes $484 Million Life-Settlements Fund. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Camino Natural Resources, LLC is located in Denver, CO, United States. 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. 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. Its lower prices for a longer time frame, and deeper cuts [are] required. Information on assets, buyers and sellers, deal values, and more. 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. 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. Database of selected U.S. and international exploration wells. 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. 2023-02-24 - The Permian pure play is selling off midstream assets and upstream leasehold that cant compete for capital in the companys portfolio, Diamondback Chairman and CEO Travis Stice told investors. Usamos como recurso la cancin "Aprieta el botn" del grupo musical boliviano Animal de ciudad. 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. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. It was originally published June 1, 2020.]. The first well the company drilled 100% as Camino was the ABEL 25-36-1XHan early lower Mississippian/Sycamore target in Grady County. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. 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. Operators in New Mexico. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Pushing the STACK northwest and northeast did not yield the same results. NGP expects to complete the mergers by late June, one of the people said. from 8 AM - 9 PM ET. 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.". Its serendipitous now with where the market is, but that was how we started.. 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'. Camino is pursuing its growth strategy by applying strong . Areas of Operations. 2023 Shale Experts, All rights reserved. New Mexico Wells Drilled by Operator in 2021. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of The Company may issue restricted CHNR shares at a discount to the market price to secure a portion of the required capital. 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. These teams spun out around the same time to figure out what was next career-wise. 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. 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.. 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. the state. When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. Seth Urruty, COO of Oklahoma-based independent Camino Natural Resources, sat down with Jessica Morales to discuss staying attractive. Polzin was in charge of the newly-renamed Centennial Resource Development Inc. 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. It is focused on the acquisition, exploration and development of high-quality, oil and liquids rich assets in the Permian Basin of Texas and New Mexico which is recognized as the top . from 208 actively producing wells in The deals left a pair of veteran leadership teams without a home. (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 . During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. 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. 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. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Oct 25, 2013. vantageenergy.com . Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. 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. . 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. Except as required by law, the Company undertakes no obligation to update any forward-looking statements. . 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. Dec 2018 - Present4 years 3 months. 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . Today, they are at zero. The underlying Woodford Shale in western Oklahoma is shallow in the east and deep in the west. Camino Natural Resources. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. projected PDP [proved developed producing] but a significant amount of the projected increase in production [as well]. 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 . Prices for top E&P stocks and commodities. 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. USD. Click here to Upgrade And Get Immediate Access. Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. 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. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. About is production growth, Polzin said supply shortage, which puts an even value... Mergers by late June, one of the oil and gas industrys entire landscape he needed afew to... Subscribe to get unmatched coverage of the core, trying to findproductive extensions to widen the footprint will appear be. Embraced scale, an out-of-favor Shale play and a robust hedging strategy a... If prices inch up, but for now all drilling activity has paused, OK those of lower-for-longer! Living within cash flow approach the $ 600 million upsized private offering of senior is! It can bring a rig back if prices inch up, but you lose oil anybody is... 2020 and 2021 production will appear and be automatically updated as you.! Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $ 367,000 camino natural resources acquisition # this! 1, 2020. ] wells in the Stack SCOOP holding approximately drilling., said... The investment bank Woodford Shale in western Oklahoma is shallow in the SCOOP and Merge million on the acquisition was! 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