are 20 permits filed with the state Cision Distribution 888-776-0942 Subscribe for free to our newsletters for the latest energy news. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. of 27,715 BBLs oil Open. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. Prices for top E&P stocks and commodities. 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. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. 1401 17th Street, Suite 900 Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. 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. By February 2020, the company was operating a single rig. Camino Natural Resources Jan 2018 - Present5 years 1 month Greater Denver Area In my current role with Camino, I manage development activities for a growing private E&P company. 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. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. Through YCES, youth who are experiencing homelessness or housing instability can be linked to available resources in Los Angeles County. To get full access now. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. USD. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Its more of that U-shaped recovery. Editor's note: Updated Sept. 3, 2019. In addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development. Land / Acreage . Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. 2023 Hart Energy. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc. (NASDAQ: CHNR) (the "Company" or "CHN R") an nounced today that the . Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. For more information about Apollo, please visit www.apollo.com. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . 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. During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. 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. 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. I want to be a survivor, and we will be. Scoops about Camino Paving . 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. It was that common DNA across Vantage and Centennial. 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. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. Previously, . Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. 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. Were applying that here, too. Denver, Colorado, United States. Camino is headquartered in Denver, Colorado. 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. 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. Camino is headquartered in Denver, Colorado. Corporate Development Investor Relations Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. Camino Natural Resources, LLC is located in Denver, CO, United States. 582 Camino De Teodoro currently has a single family building on it. Our view has been that those are going to communicate to some degree, certainly aided with the fracturing and the structural complexity that we see in the formations. 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. 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. Now, the new world order is like the old world order on steroids. 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. 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. Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. It is somewhere in the middle. 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. All rights reserved. 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.". DENVER , 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. The company has an estimated daily production (BOE) reported during the month Im a strong believer in what you learn in one shale play is 100% applicable to other shale plays. Camino Paving Inc is a company that operates in the Oil & Energy industry. . Additional hedges are also being examined as far out as 2023. 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. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. Camino Natural Resources retained EnergyNet for the sale of three separate packages of operated and nonoperated opportunities in the Midcontinent region located in Central Oklahoma, the Anadarko Basin and the Mississippi Lime play. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. Were not aiming to grow. The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. We had a track record with our previous companies of improving EURs and production rates, reducing costs and getting full cycle returns out of that, Polzin said. Stay in touch with our Daily Email Newsletter. 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 . 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. 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. 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. Instantly unlock over 15 years of A&D transactions and financing data. Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? I think capacity is important, both equity and debt.. The child wells are right in line on average with our type curve expectations, Urruty said. 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. Additionally, we are excited to be shareholders in Pioneer as we are firm believers in their strategy of free cash flow generation that enables a competitive base and strong variable dividend.. 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.". 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