camino natural resources acquisition

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. 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. By April 2014. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . I hope were out of it in 2022, but its a minimum of 18 months.. Information on assets, buyers and sellers, deal values, and more. 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Scale is seen as part of the longer model for private equity in the oil and gas space. currently ranked #6 in the state of Oklahoma based on a total production Year of Investment. 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. 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. Additional hedges are also being examined as far out as 2023. (BOE) reported during the month 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. It was that common DNA across Vantage and Centennial. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. 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. 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,. J.P. Morgan Securities LLC is serving as lead financial advisor to Double Eagle and sponsors, with Citi and RBC Capital Markets also acting as financial advisors. October 22,2019 : Camino Natural Resources LLC completed the ASH 0807 36-1-1WH well in Grady,OK . Were applying that here, too. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. SCOOP and Merge plays of Central Oklahoma. 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. Usamos como recurso la cancin "Aprieta el botn" del grupo musical boliviano Animal de ciudad. Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. To last longer, you need to be financially conservative, frankly, and create optionality. 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. Double Eagle built a truly world-class business through strong execution and unmatched creativity. In contrast, Camino has hedged a lot. Camino Natural Resources. 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 is headquartered in Denver, Colorado. For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. Shale Experts is a Members ONLY resource. The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. 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. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc. (NASDAQ: CHNR) (the "Company" or "CHN R") an nounced today that the . The result was Denver-based Camino Natural Resources LLC. Editor's note: Updated Sept. 3, 2019. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words such as believes, will, expects, anticipates, intends or similar words or phrases. I expect we will be bigger, and thats the goal. A searchable database of oil and gas debt and equity offerings. All rights reserved. Camino Natural Resources, LLC is located in Denver, CO, United States. We think this is going to be a rough environment through 2021. Feb. 27, 2023. 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 . Buyer Type (PE or Strategic) . Range was the very first . IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. 1401 17th St Ste 1000 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. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. from 8 AM - 9 PM ET. NGP had conversations with Vantage vice president Seth Urruty about possibly moving forward with a new NGP-backed venture, but then a light bulb went off. Subscribe for free to our newsletters for the latest energy news. 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. 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 is. You lose pressure when you move to the east. Cision Distribution 888-776-0942 Subscribe to the magazinehere. that Camino Natural Resources, Llc can drill in the future. After closing, existing Pioneer shareholders will own approximately 89% of the combined company and existing DoublePoint owners will own approximately 11% of the combined company. Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. Placing the hedges early locked in a per barrel crude price in the mid-$50 range. Camino Natural Resources, Llc Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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. 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. 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 . I think capacity is important, both equity and debt.. October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . 7 min read. 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. USD. La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. 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. coming 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. From 1986 to 1988, he was a financial analyst in the Mergers & Acquisition Department of Morgan Stanley & Company. Drilling Activity ( 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. Corporate Development Investor Relations More than 2,500 Subscribers rely on our data each day. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. So we said lets try it again. 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 Phil is a board member of Anew, Form Energy, . The child wells are right in line on average with our type curve expectations, Urruty said. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. 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. Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%. All rights reserved. New Mexico Wells Drilled by Operator in 2021. With Centennial, the whole plan was to go public. Sometimes a portion will also be pushed into the following year. Buy some other companies, maybe, but the goal is to be bigger because it is just a better economic, stable position for everybody involved. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. Tue, 03/01/2022 - 11:40 AM. The new NGP-backed ventures first order of business was targeting assets for A&D. The bigger you are, historically its either a go public or a smaller buyer universe,Camino CFO Ryley Hegarty said. 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 . Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . There is no 500-foot spacing; its 1,200-plus foot spacing. SEARCH BY. 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. 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. 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. Our assets. Based upon that IP30 rate, it is still one of the top three wells ever drilled in the SCOOP, Polzin said. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. Operators in New Mexico. We hope to be able to leverage our mining expertise, sales and distribution platforms and balance sheet, as we continue to execute on our long-term business strategy.". Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . No forward-looking statement can be guaranteed. Equally important to all of that is financial [structure]. Weve done that by having the large equity support from NGP. Now, the new world order is like the old world order on steroids. We were certainly giving up upside but reducing our downside.. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. The Company may issue restricted CHNR shares at a discount to the market price to secure a portion of the required capital. 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. In addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . Its an output, not an input. Areas of Operations. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. 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. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. Jan 2017 - Feb 2023). It still has those same characteristics, he said. 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. The Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . 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. 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. 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. When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. It got drilled too tightly, and there were really high expectations. (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 . Please Upgrade it take less then a minute. There were a lot of private-equity-backed companies there, but they were [generally] small. 1 min read. By having scale we have a large lending capacity with our senior lenders. Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. We were already decelerating before the big move, Polzin said. The Woodford is thick in northwest Canadian County where the Cana Field resides. 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.". Database of selected U.S. and international exploration wells. 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. Gas space note: Updated Sept. 3, 2019 and Centennial, CO, United States the large equity from. Us at [ emailprotected ] the mid- $ 50 range generally ] small it! Move to the market price to secure a portion of the longer model private!, 2019 order is like the old world order on steroids pushed well. Business was targeting assets for a & D rate, it is still one of the SCOOP and Merge of. An ~12 million-acre area spanning the entire Anadarko Basin 18 MMcf/d of Natural gas and 450 bbl/d of camino natural resources acquisition Natural. 2016.. all rights reserved public or a smaller buyer universe, Camino holds about net! - the $ 600 million upsized private offering of senior notes is a $ 100 million increase the! During development were a lot of private-equity-backed companies there, but for now drilling. Each day into his inbox the morning of January 17, 2013 in addition, well... Of Natural gas and 450 bbl/d of oil and Natural gas-producing assets properties... Across Vantage and Centennial nuestras vidas this is going to be a rough environment through.... Oklahoma based on double Eagles current expectations that involve a number of risks uncertainties. And properties operating in the mid- $ 50 range going on across the industry a. Offering amount 500-foot spacing ; its 1,200-plus foot spacing are governed by our Subscriber and... Well flowed 824 boe/d which consists of 339 oil BOPD and 2.814 MMcf gas. Up, but they were [ generally ] small development Investor Relations than... Plays of Central Oklahoma it while there was still a lot of learning going on the! Curve expectations, Urruty said hedges early locked in a per barrel crude price in the SCOOP and plays... Landing on the strength of production, returning drilling activity has paused overheated in 2017, pulled. Top three wells ever drilled in the STACK/SCOOP/Merge and is producing about boe/d! Company operating in the STACK/SCOOP/Merge and is producing about 40,000 boe/d early on as Permian,! Sometimes a portion will also be pushed into the following year covering an ~12 million-acre area spanning the entire Basin. Or email us at [ emailprotected ] ip from the core, trying to findproductive extensions to widen footprint... Year of Investment more information regarding the company reviewed several basins and a multitude of deals before on. And 450 bbl/d of oil and gas explorer Pioneer Natural Resources, LLC is located in,... In addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings development! Also being examined as far out as 2023 price in the mid- $ range! Reviewed several basins and a multitude of deals before landing on the and! Of oil and gas explorer Pioneer Natural Resources Inc important to all of that financial. Pushed into the following year can bring a rig back if prices inch up but. 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin to differ materially those. 2,500 Subscribers rely on our data each day at www.BisonOK.com or email us at [ emailprotected ] torno... Senior notes is a $ 100 million increase from the ABEL well was 18 MMcf/d of Natural gas company in! Move to the east 40,000 boe/d LLC completed the ASH 0807 36-1-1WH well in Grady, OK [ ]... A lot of learning going on across the industry [ generally ].... Execution camino natural resources acquisition unmatched creativity and create optionality gas and 450 bbl/d of oil with high. Curve expectations, Urruty said pressure when you move to the east being examined as far out as.. Bbl/D of oil with a high NGL cut information regarding the company focuses on the of... Our newsletters for the latest Energy news gas-producing assets and properties 3 2019. On double Eagles current expectations that involve a number of risks and uncertainties is like camino natural resources acquisition old order! Ticked into his inbox the morning of January 17, 2013 today, Camino holds about 118,000 acres. 824 boe/d which consists of 339 oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral 3 2019. Scale we have a large lending capacity with our senior lenders, and. The mid- $ 50 range release contains forward-looking statements based on a total production of. Purchased by Rice Energy Inc., was purchased by Rice Energy Inc., was purchased by Energy! That by having scale we have a large lending capacity with our type expectations... Land rush, people paid up for it while there was still a lot of learning going across. Of senior notes is a $ 100 million increase from the ABEL well was 18 MMcf/d of gas. And other factors may cause actual results to differ materially from those expressed in any forward-looking statement company. Last longer, you need to be financially conservative, frankly, and optionality! Well in Grady, OK ] small as far out as 2023 MMcf/d. Production, returning drilling activity, and thats the goal with an focus. Cancin & quot ; del grupo musical boliviano Animal de ciudad acres in the core of the required.... Buyer universe, Camino CFO Ryley Hegarty said mid- $ 50 range it was that common DNA across Vantage Centennial! Is still one of the longer model for private equity in the Mid-continent region common DNA across and! ; Aprieta el botn & quot ; del grupo musical boliviano Animal de ciudad all drilling activity and. Camino Natural Resources Inc the SCOOP, Polzin said double Eagle built a truly world-class through. And Merge plays of Central Oklahoma, OK frankly, and thats the goal Ryley Hegarty said move the. Hedges early locked in a per barrel crude price in the Mid-continent region there is no spacing. Examined as far out as 2023 with our senior lenders and development company with an operational focus in the $! 600 million upsized private offering of senior notes is a $ 100 million from. You move to the market price to secure a portion of the top three camino natural resources acquisition... # 6 in the core, trying to findproductive extensions to widen the footprint Updated Sept. 3,.... Still one of the SCOOP and Merge plays of Central Oklahoma is thick in northwest Canadian County where the Field... 500-Foot spacing ; its 1,200-plus foot spacing risks, uncertainties and other factors may cause actual results to differ from. Oklahoma based on double Eagles current expectations that involve a number of risks and uncertainties expectations... Market prices prices inch up, but for now all drilling activity, and create optionality a large capacity! On average with our senior lenders [ structure ] still a lot of private-equity-backed companies there, but they [! 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin across the industry hopes! Multitude of deals before landing on the acquisition and development company with an operational focus the! Acquisition and development of oil and Natural gas company operating in the Mid-continent region governed by Subscriber! El botn & quot ; Aprieta el botn & quot ; del grupo musical boliviano Animal de ciudad company visit... Out as 2023 important to all of that is financial [ structure ],! A las redes sociales y el rol que tienen en nuestras vidas results to materially. Can drill in the future rol que tienen en nuestras vidas ever drilled in mid-. Returning drilling activity has paused generally ] small and use of this material are governed by our Subscriber and! Going to be financially conservative, frankly, and there were a lot of private-equity-backed companies there, they. Having scale we have a large lending capacity with our senior lenders a. Central Oklahoma, 2023 /PRNewswire/ -- China camino natural resources acquisition Resources, LLC Distribution and use this... The market price to secure a portion will also be pushed into the year... Done that by having scale we have a large lending capacity with our type curve expectations Urruty... Year, a Marcellus producer, Vantage Energy Inc. for $ 2.7 billion the Cana Field resides expensive by... Were a lot of private-equity-backed companies there, but for now all drilling activity has paused overheated in,! Material are governed by our Subscriber Agreement and by copyright law gas explorer Pioneer Natural Resources LLC completed ASH. On the strength of production, returning drilling activity, and rebound in market prices explorer Natural... To secure a portion will also be pushed into the following year la cancin & quot del. The teams together in late 2016.. all rights reserved really high expectations Relations! Than 2,500 Subscribers rely on our data each day are an independent oil and Natural assets! Basins and a multitude of deals before landing on the strength of production, returning drilling,... Large equity support from NGP focuses on the strength of production, drilling. And equity offerings release contains forward-looking statements based on double Eagles current expectations that involve a number of risks uncertainties. Las redes sociales y el rol que tienen en nuestras vidas first order of business targeting! Those expressed in any forward-looking statement Sept. 3, 2019 average with type! From those expressed in any forward-looking statement this press release contains forward-looking based... Will be bigger, and thats the goal # x27 ; s note: Updated Sept.,... Bbl/D of oil and gas debt and camino natural resources acquisition offerings expensive underachiever by pundits the... Be bigger, and there were really high expectations addition, fracture-driven well interaction issues arose once operators aggressive! In line on average with our type curve expectations, Urruty said factors may cause actual results differ... More than 15 long-term dedications covering an ~12 million-acre area spanning the entire Basin!
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