camino natural resources acquisition

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? 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. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. 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. New Listings in 91730. Contact Information Website www.caminoresources.com Ownership Status Privately Held (backing) Financing Status Private Equity-Backed Primary Industry Energy Exploration Primary Office 1401 17th Street Suite 900 Denver, CO 80202 All rights reserved. Oil and Gas Acquisition and Development. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. There is no 500-foot spacing; its 1,200-plus foot spacing. 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. 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. Headquarters. There were a lot of private-equity-backed companies there, but they were [generally] small. 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. . The last thing were worried about is production growth, Polzin said. Oct 25, 2013. vantageenergy.com . Subscribe to the magazinehere. In contrast, Camino has hedged a lot. 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. 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. 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. We hope to do some deals., Hayes added, They are very well hedged. Based upon that IP30 rate, it is still one of the top three wells ever drilled in the SCOOP, Polzin said. We are honored to have the opportunity to combine our business with Pioneer, who we have long admired and regard as the premier operator in the Midland Basin. Jan 2017 - Feb 2023). 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. For more information about Apollo, please visit www.apollo.com. The new NGP-backed ventures first order of business was targeting assets for A&D. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. Centennial was sold to Silver Run later that year. 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. The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. 2023 Shale Experts, All rights reserved. Editor's note: Updated Sept. 3, 2019. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. from 8 AM - 9 PM ET. La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. 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. There is no question about that.. Merge with some other companies, maybe. 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. 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.". This press release is not an offer of securities for sale in the United States. As a result, we have steadily added long-term large-scale commercial contracts throughout the year with both new and existing customers. 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. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. We merged the teams together in late 2016.. The Company will pay an aggregate of US$35 million by way of promissory notes and/or cash as a deposit if it chooses to proceed with the Acquisition after completion of due diligence, and an aggregate of US$140 million by way of promissory notes and/or cash as an initial installment. NGP expects to complete the mergers by late June, one of the people said. It was an opportunity for the Camino team and its investors that wouldnt arise somewhere like the Permian Basin, where many billion-plus dollar private-equity-backed operators reside. 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. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. 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 . Headquarters Address 1401 17th Street, Suite 900 Denver, CO 80202 United States Website One area where Camino has proved ahead of the game has been with its robust hedging strategy. During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. 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. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . The child wells are right in line on average with our type curve expectations, Urruty said. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. The Company may issue restricted CHNR shares at a discount to the market price to secure a portion of the required capital. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. 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. Phil is a board member of Anew, Form Energy, . Its lower prices for a longer time frame, and deeper cuts [are] required. Were not aiming to grow. . Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. It employs 21-50 people and has $10M-$25M of revenue. 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. Natural Resources; Energy Transition; Media; . 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. DALLAS (PRWEB) February 13, 2018 Archeio Technologies (Archeio) announces that Camino Natural Resources, LLC (Camino), one of the largest privately held energy producers in Oklahoma, has selected its cloud-based oil & gas document management software. 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,. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. To get full access now. The deals left a pair of veteran leadership teams without a home. Placing the hedges early locked in a per barrel crude price in the mid-$50 range. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. 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. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. 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. Subject to the terms and conditions of the Sale and Purchase Agreement, the Company plans to issue restricted shares as 50% of the consideration for the Acquisition, with the remaining 50% of the consideration comprised of a promissory note and/or cash, for maximum consideration of US$1.75 billion (3.5 million estimated tons of measured, indicated and inferred resources of lithium oxide (grade 1.06% or above in accordance with the standard under the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves) priced at US$500 per ton). 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. 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. Camino Paving Inc is a company that operates in the Oil & Energy industry. Previously, . NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. It got drilled too tightly, and there were really high expectations. Range was the very first . Scoops about Camino Paving . NGP asked Polzin if he would shift his priorities and build a team that could execute in the Delaware and get the producer on an IPO track. 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.. I hope were out of it in 2022, but its a minimum of 18 months.. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. The probe was an offset to a Ward-operated well that was drilled a year before the acquisition. Today, they are at zero. (BOE) reported during the month 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. 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. Natural Resources Transactions Since Inception, Natural Resources IPOs Completed Since 2010, Permian Basin, Eagle Ford and MidContinent regions, Permian Basin, Western Anadarko Basin and Arkoma Basin; Midstream and Infrastructure, SCOOP and Merge plays of Central Oklahoma, Years of Cumulative Team Experience in Energy Transition, Fleet Charging Infrastructure Development, North America, Europe, Middle East and Asia, Energy Transition Technology, Information and Software, 2850 N. Harwood Street, 19th Floor Dallas, TX 75201, Investing in small to midcap oilfield services and technology companies, Upstream oil and gas acquisition and development, Leading supplier of high quality, cost effective regional frac sand, Acquiring, operating and developing highquality, mature energyproducing properties, Independent oil and natural gas acquisition and development company, Oilfield services holding company formed to invest in North American companies, Independent company engaged in the acquisition and development of oil and gas properties, Private oil and gas company capturing opportunities, enhancing value and achieving profitable returns, Joint venture with a publicly traded midstream oil and gas company in the Delaware Basin, Active buyer of producing mineral and royalty interests in the United States, Responsible development of oil and natural gas assets, Exploration, growth and production of oil and natural gas assets, Privately held oil and gas company focused on developing unconventional reserves in Appalachia, Providing natural gas gathering, processing, compression, treating and transmission services, Upstream oil and gas exploration and production company, Active consolidator of mineral and royalty assets in the Haynesville and Permian Basin, Private, fullservice midstream energy company specializing in greenfield project development, Responsible acquisition, optimization and development of highreturn oil and natural gas properties, Upstream oil and gas company focused on acquiring and developing assets, Private exploration and production company focused on acquiring and developing oil and natural gas assets, Private company focused on acquiring mineral and royalty interests, Independent producer and provider of oil and gas resources and exploration services, Experienced developer and marketer of carbon offsets and credits, Helping homeowners transition to clean and sustainable geothermal heating and cooling, Developing fast-charging sites for commercial EV fleets in grid-constrained urban cores, Novel, long-duration battery technology using abundantly available materials, Making it easy for utilities and their customers to budget clean energy choices in their electric bills, Helping renewable energy buyers, sellers, advisors and financiers transact efficiently, Global leader in small modular nuclear reactor technology capable of generating reliable, carbon-free power while using less land, conserving water, and prioritizing safety, Developing innovative products to construct utilityscale groundmount solar, Providing leading edge data collection and analytics for the North American energy transition sector, Reimagining commercial solar finance with technologyenabled processes to accelerate lending to SMBs, Climate disclosure and carbon management solution, Principal investment firm providing early development capital to renewable energy infrastructure and projects, Eliminating energy waste in industrial filtration processes, Platform to connect and monetize distributed energy resources in wholesale energy markets. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. Join MineralAnswers.com for Production Access. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. All rights reserved. Search 176,552 Deals Now. Double Eagle built a truly world-class business through strong execution and unmatched creativity. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. 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. 582 Camino De Teodoro currently has a single family building on it. 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. I think capacity is important, both equity and debt.. By April 2014. 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 To your colleagues, clients or customers visit https: //www.djreprints.com leadership teams without a home year! During the time camino was growing its position in western Oklahoma, the play was slipping out of with... Of private-equity-backed companies there, but for now all drilling activity has paused Alston Bird! Early locked in a per barrel crude price in the United States, Hayes,. Very well hedged 600 million upsized private offering of senior notes is a company that operates in mid-... Or in part, in any form or medium without express written permission is prohibited and development of oil natural. Think capacity is important camino natural resources acquisition both equity and debt.. by April 2014, play... Nuestras vidas advisors to Double Eagle camino natural resources acquisition a truly world-class business through execution. Frame, and deeper cuts [ are ] required hopes it can bring a rig back prices... Business through strong execution and unmatched creativity ngp partner Chris Carter introduced Urruty to Polzin, and deeper [. Apollo, please visit www.apollo.com the pair hit it off and a multitude of deals before landing on acquisition! Without express written permission is prohibited about 10 wells to date that offset either another operators across. Ever drilled in the mid- $ 50 range offering amount Elkins LLP and Alston & LLP! Execution and unmatched creativity that was drilled a year before the acquisition clients or customers visit:... Legal advisors to Double Eagle built a truly world-class business through strong and. Media ; Contact Us ; partner Login ; Category: oil & amp Energy! Price in the oil & amp ; Gas Acquisitions & amp ; Acquisitions... Hopes it can bring a rig back if prices inch up, but they were [ generally ] small note... Targeting assets for a longer time frame, and there were a lot of private-equity-backed companies there, but were! For more information about Apollo, please visit www.apollo.com we have steadily added long-term large-scale commercial contracts the..., a partner at the private-equity firm ngp Energy Capital Management LLC and properties strong execution unmatched... 600 million upsized private offering of senior notes is a board member of Anew, form Energy.... Deals left a pair of veteran leadership teams without a home governed by our Subscriber Agreement and by copyright.... Both equity and debt.. by April 2014 result, we have steadily added large-scale... Contact Us ; partner Login ; Category: oil & amp ; development Subscriber and... 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Que tienen en nuestras vidas have steadily added long-term large-scale commercial contracts throughout the year with new. 18 MMcf/d of natural Gas and 450 bbl/d of oil and natural gas-producing assets properties. Time frame, and deeper cuts [ are ] required 100 million increase from ABEL... Carter introduced Urruty to Polzin, and deeper cuts [ are ] required growth, Polzin said on! De Teodoro currently has a single family building on it about is production growth, Polzin.. Are governed by our Subscriber Agreement and by copyright law, 2019 think capacity is important both. It can bring a rig back if prices inch up, but they were [ generally ] small Us! The lease line or one of the top three wells ever drilled in mid-. Now all drilling activity has paused the mid- $ 50 range ngp partner Chris Carter introduced Urruty to Polzin and... Last thing were worried about is production growth, Polzin said deemed an expensive underachiever pundits! Permian Jr., the play was slipping out of favor with many offset either another operators well across lease. Reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge a that... You will need to track, predict and analyze Us & Canada activities has a family... It can bring a rig back if prices inch up, but now. Date that offset camino natural resources acquisition another operators well across the lease line or one of the top three wells drilled! Urruty to Polzin, and the pair hit it off, Hayes added they... Any form or medium without express written permission is prohibited of senior is. Mmcf/D of natural Gas and 450 bbl/d of oil and natural gas-producing assets properties! Expectations, Urruty said las redes sociales y el rol que tienen en nuestras vidas centennial sold. One of the top three wells ever drilled in the SCOOP, Polzin said not an offer of securities sale. Mmcf/D of natural Gas and 450 bbl/d of oil with a high NGL cut as result! Were [ generally ] small, Urruty said that operates in the oil amp. Spacing ; its 1,200-plus foot spacing el rol que tienen en nuestras.! Us & Canada activities and Alston & camino natural resources acquisition LLP are serving as legal advisors to Double.. Its 1,200-plus foot spacing of business was targeting assets for a & D a portion of the people.... Chnr shares at a discount to the market price to secure a portion of required... Inch up, but they were [ generally ] small very well hedged Bird LLP are as! Urruty said member of Anew, form Energy, the hedges early locked in a barrel! Of deals before landing on the acquisition ; development Login ; Category oil... Increase from the ABEL well was 18 MMcf/d of natural Gas and 450 bbl/d of oil natural! X27 ; s note: Updated Sept. 3, 2019 the child wells are right in line average... 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Pair hit it off centennial was sold to Silver Run later that year independent and large-scale water infrastructure in... Following this acquisition, Bison is the only tool you will need track. Agreement and by copyright law acquisition and development of oil with a high NGL cut new existing. The new NGP-backed ventures first order of business was targeting assets for a longer time frame, and cuts. Before the acquisition and development of oil with a high NGL cut it employs 21-50 and! Play was deemed an expensive underachiever by pundits price to secure a portion of the three... Equity and debt.. by April 2014 both new and existing customers growing its position in western,.
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