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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Operator of an independent oil and natural gas company operating in the Central Oklahoma region. 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. 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. Except as required by law, the Company undertakes no obligation to update any forward-looking statements. The result was Denver-based Camino Natural Resources LLC. It still has those same characteristics, he said. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. +2.24 +6.89%. Access to in-depth interviews with industry insiders. 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 . investorrelations@depermian.com, Internet Explorer presents a security risk. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. By April 2014. In addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development. We were certainly giving up upside but reducing our downside.. . from 8 AM - 9 PM ET. Troy Energy, a newly formed, independent oil and gas acquisition, development, and exploration company based in Oklahoma City recently acquired some assets from Camino Natural Resources. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. Camino is absorbing two other companies backed by Dallas-based NGP, Luxe Energy LLC and 89 Energy II LLC, according to people familiar with the matter. It is also fortunate to be able to continue paying down debt. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. It will probably run about flat this year, but were really not aiming to be flat. Camino knew the area was complex. (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. 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? 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. Its serendipitous now with where the market is, but that was how we started.. Scale is seen as part of the longer model for private equity in the oil and gas space. It was originally published June 1, 2020.]. Camino is headquartered in Denver, Colorado. Denver, Colorado. 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. 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 . 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 firms portfolio. 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. 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 . The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. By having scale we have a large lending capacity with our senior lenders. of performance.. 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. Today, they are at zero. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. 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. We didnt see that one company trying to become a large private company in that space. 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. Sometimes a portion will also be pushed into the following year. 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. Camino Natural Resources is based in Denver, Colorado. Double Eagle built a truly world-class business through strong execution and unmatched creativity. Information on assets, buyers and sellers, deal values, and more. Information on assets, buyers and sellers, deal values, and more. Interwell spacing was way too tight over the last couple of years, and people are now having to up-space and come back, but also the combined targeting of the formations. 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"). projected PDP [proved developed producing] but a significant amount of the projected increase in production [as well]. 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." 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. It just is what it is. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. 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. Camino Natural Resources, Llc is 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. Enverus: Camino Natural Resources is a privately held operating company that focuses on running lean operations for maximum efficiency. Join MineralAnswers.com for Production Access. CO . The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Apollo is a leading global alternative investment manager with offices in New York, San Diego, London, Houston, Bethesda, Los Angeles, Frankfurt, Luxembourg, Madrid, Singapore, Hong Kong, Tokyo, Shanghai, Delhi, and Mumbai. 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. Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels. 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. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . With Centennial, the whole plan was to go public. 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. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. Operations . 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 focuses on the acquisition and development of oil and natural gas-producing assets and properties. Its lower prices for a longer time frame, and deeper cuts [are] required. New Mexico Wells Drilled by Operator in 2021. and 27,715 MCF of gas, During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. With backing from private equity firm Natural Gas Partners, Camino is pursuing a growth strategy, according to the company website. Denver, CO 80202 Natural Resources; Energy Transition; Media; . 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. Jan 26 2023. 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. As the company grew, the importance of scale continued to drive its narrative. 80202-1247. The company reduced its capex by 70% over last years spend. Its imperative that we have consistent and robust hedges, Hayes explained. He and his team navigated Centennial through the ebb and flow of 2014 and 2015, successfully driving costs down and productivity up, and began positioning the company to go public. Instantly unlock over 15 years of A&D transactions and financing data. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. 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. 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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. Independent oil and natural gas acquisition and development company. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. 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'. 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. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. 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. Pushing the STACK northwest and northeast did not yield the same results. I expect we will be bigger, and thats the goal. 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. Rextag database of energy infrastructure assets. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. With over 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma. . Dec 2018 - Present4 years 3 months. We think this is going to be a rough environment through 2021. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. 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. of N/A. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. 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, LLC ("Camino") is an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. The company is headquartered in Mountain View, California. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. Subscribe for free to our newsletters for the latest energy news. The company has an estimated daily production 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. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. Continental [Resources Inc.s] Springboard [SCOOP] is right in the middle of that, the Lone Rock area for Cimarex [Energy Co.], the Cana Fieldall of those go right down the spine of the basin. In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. 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. hartenergyconferences.com . 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. For more information about Apollo, please visit www.apollo.com. (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. There is no question about that.. The child wells are right in line on average with our type curve expectations, Urruty said. 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. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. In contrast, Camino has hedged a lot. 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. Lightly levered. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . To last longer, you need to be financially conservative, frankly, and create optionality. Scoops about Camino Paving . Were not aiming to grow. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Database of selected U.S. and international exploration wells. 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. Its an output, not an input. Drilling Activity ( 1 min read. We certainly werent anticipating this tough of one, but thank goodness we were already making moves to do better in a tougher market. DENVER , Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. 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. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. 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. Based upon that IP30 rate, it is still one of the top three wells ever drilled in the SCOOP, Polzin said. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. A searchable database of oil and gas debt and equity offerings. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. currently ranked #6 in the state of Oklahoma based on a total production The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. 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. Whereas with most of our companies, we have not only hedged their 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 . [We found] the sweet spot runs southeast to northwest in our basin. 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 Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. 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 Shale Experts is a Members ONLY resource. Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. Placing the hedges early locked in a per barrel crude price in the mid-$50 range. 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.". 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. Focuses on running lean operations for maximum efficiency be financially conservative, frankly, and more as ]! Focuses on running lean operations for maximum efficiency and best overall experience on our website camino natural resources acquisition. The firm would set up in Denver company that focuses on running lean operations maximum! About flat this year, a list of search results will appear and be automatically as... 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