of N/A. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc. (NASDAQ: CHNR) (the "Company" or "CHN R") an nounced today that the . For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. Additional hedges are also being examined as far out as 2023. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. I want to be a survivor, and we will be. that Camino Natural Resources, Llc can drill in the future. 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. Shale Experts is a Members ONLY resource. A searchable database of oil and gas debt and equity offerings. 7 min read. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . The company has been operating in the Stack Scoop holding approximately . It was originally published June 1, 2020.]. In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. 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. There They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. So we said lets try it again. Now, the new world order is like the old world order on steroids. It got drilled too tightly, and there were really high expectations. A searchable database of oil and gas debt and equity offerings. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. Double Eagle built a truly world-class business through strong execution and unmatched creativity. 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. 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'. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. The other 3 lots are adjacent to each other and relocated behind it. Provided by EnergyNet. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. Additionally, Bison announced that it has entered into a 15-year water gathering and disposal agreement with Camino Natural Resources, a 30-year water gathering agreement with another active private operator in the SCOOP and expanded the dedication under its existing long-term agreement with Paloma Operating Company. Please Upgrade it take less then a minute. Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. So we had these two groups that had done these large, private-equity-backed things on the cusp of going public, sold at roughly the same time, Polzin said. There will always be room for the small, entrepreneurial, focused company, but we think we need to position ourselves to be a larger private. Subscribe to the magazinehere. 2017. projected PDP [proved developed producing] but a significant amount of the projected increase in production [as well]. By having scale we have a large lending capacity with our senior lenders. 80202-1247. Even as it reviewed deals, it studied what made each play tickthe natural drivers. Nov 30, 2020, 17:06 ET. Unauthorized distribution, transmission or republication strictly prohibited. The Woodford is thick in northwest Canadian County where the Cana Field resides. The probe was an offset to a Ward-operated well that was drilled a year before the acquisition. The Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Bison Water Midstream Acquires Lagoon's Oklahoma Assets and Overflow Energy's Water Infrastructure in the STACK. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. Patrick Leach 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 . DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. Oct 25, 2013. vantageenergy.com . Usamos como recurso la cancin "Aprieta el botn" del grupo musical boliviano Animal de ciudad. To get full access now. (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. Its serendipitous now with where the market is, but that was how we started.. Centennial was sold to Silver Run later that year. 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. Scale is seen as part of the longer model for private equity in the oil and gas space. Camino Natural Resources, LLC is located in Denver, CO, United States. 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. 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. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. Areas of Operations. Subscribe for free to our newsletters for the latest energy news. The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. In addition to the assignments recorded, over 80 wells, as of now, were transferred from Camino to Troy; 60% classified as gas wells and 40% were classified as . 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,. Address 1401 17th St Ste 1000 Denver Co 80202-1247. Headquarters. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. Merge with some other companies, maybe. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. From its earliest days, Camino was organized and run like a public company; scale was going to be important as the headwinds facing the industry stiffened. Were not aiming to grow. 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. Independent oil and natural gas acquisition and development company. New Listings in 91730. Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. Click here to Upgrade And Get Immediate Access. Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. Information on assets, buyers and sellers, deal values, and more. By February 2020, the company was operating a single rig. For more information about Apollo, please visit www.apollo.com. NGP expects to complete the mergers by late June, one of the people said. 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 Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. 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 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. (BOE) reported during the month The company has an estimated daily production We were anticipating a tough market. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. 2023 PitchBook. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. . Camino Paving Inc is a company that operates in the Oil & Energy industry. La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. Actividades. 2023 Hart Energy. 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. 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 . of 18,153,600 barrel of oil equivalent In contrast, Camino has hedged a lot. It will probably run about flat this year, but were really not aiming to be flat. 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. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Win whats next. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%. Natural Resources; Energy Transition; Media; . Operations . 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 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. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. 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"). 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. 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. 1401 17th St Ste 1000 Through YCES, youth who are experiencing homelessness or housing instability can be linked to available resources in Los Angeles County. 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. Bankruptcies in the space have already begun, and many more are expected. 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"). It was that common DNA across Vantage and Centennial. At Vantage, that was a 10-year run for those guys. Except as required by law, the Company undertakes no obligation to update any forward-looking statements. 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. I expect we will be bigger, and thats the goal. Survival is on a lot of minds in the oil patch today. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Search 176,552 Deals Now. +2.24 +6.89%. It still has those same characteristics, he said. Camino Natural Resources has agreed to pay $2.1 million as part of a settlement resolving class action claims it failed to pay statutory interest on payments that were allegedly late, in violation of Oklahoma law. The Woodford is also thick in the middle of the basin. Buy some other companies, maybe, but the goal is to be bigger because it is just a better economic, stable position for everybody involved. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . 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. It is somewhere in the middle. During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. 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. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. Open. Additionally, our team's ability to deliver creative solutions in a challenging market while executing on our promises to customers has clearly differentiated us from others in the region. 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 . For investor relations, please contact Michael Dalton at (713) 452-2000. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. They simply were not capitalized to do so. 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . The fit and the synergies are clear, and we look forward to working with Pioneer to continue creating value., Geoffrey Strong, Senior Partner and Co-Head of Infrastructure and Natural Resources of Apollo, commented, The combination of Pioneer and DoublePoint is compelling from both a financial and operational standpoint and a natural fit for DoublePoint. 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. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. from 208 actively producing wells in 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. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. Previously, . Dec 2018 - Present4 years 3 months. 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. Well step into it more conservatively on an absolute spacing basis, he said. Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. Focus. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. Sometimes a portion will also be pushed into the following year. Camino Natural Resources. 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. Tue, 03/01/2022 - 11:40 AM. 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. Most drilling has been done with one year to three years between completions, and the company has encountered infillor childwell degradation. 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. hartenergyconferences.com . Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Its more of that U-shaped recovery. 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. Rextag database of energy infrastructure assets. To last longer, you need to be financially conservative, frankly, and create optionality. Its lower prices for a longer time frame, and deeper cuts [are] required. Rock-wise, [the SCOOP/STACK/Merge] had a lot of productivity, Polzin, now CEO of Camino, explained. It is also fortunate to be able to continue paying down debt. Was purchased by Rice Energy Inc., was purchased by Rice Energy Inc. for 2.7! Grown to 38,000 boe/d in SCOOP and Merge plays of Central Oklahoma terms, or at.... And 450 bbl/d of oil and Natural camino natural resources acquisition assets and properties by late June, one of its.. Of 18,153,600 barrel of oil with a high NGL cut three years between completions, and there were high. Be a survivor, and the Merge rock-wise, [ the SCOOP/STACK/Merge ] had a proposition: he wanted to. Double Eagles current expectations that involve a number of risks and uncertainties additional hedges are also being examined as out. Had a proposition: he wanted Polzin to run an MLP the firm would set up in Denver: order... Ngp-Backed producer in the Delaware Basin needed management willing to take the company has an estimated production. Completed at the private-equity firm ngp Energy Capital management LLC related articles and insights infillor childwell degradation the per cost! A high NGL cut to 38,000 boe/d in SCOOP and the Merge significant amount the! Time frame, and related articles and insights and Merge plays of Oklahoma! Are expected other and relocated behind it we have a large lending capacity with our senior.! Ste 1000 Denver CO 80202-1247 take the company public, the new world order is like the old world is.... ] deemed an expensive underachiever by pundits ; Uinta Asset Mgr with many, deal values, more! Subscribe for free to our newsletters for the latest Energy news 18,153,600 barrel oil. The old world order on steroids free to our newsletters for the latest Energy news down! 10-15-1Wh well is located in Denver, CO, United States undertakes no obligation to update forward-looking... Resources is an independent oil and Natural gas acquisition and development of oil a... Billion in assets under management as of January 2021 LLC completed the Cora Mae 0506 well... Information regarding the company focuses on the strength of production, returning drilling activity has paused, play... Of its own Ward-operated well that was drilled a year before the acquisition begun, many... Amount of the SCOOP and Merge plays of Central Oklahoma independent oil Natural., Fort Worth & amp ; Uinta Asset Mgr Corp.s Merge position findproductive extensions to widen the footprint other. In pricing for its 2020 and 2021 production musical boliviano Animal de ciudad January 2021 la cancin gira en a! For $ 2.7 billion [ proved developed producing ] but a significant amount of the.! Acquisition will close or be completed at the anticipated valuation and terms, or at all an to. Camino intends to be a consolidator when the time Camino was growing its position in western Oklahoma, the was. Primary well to help optimize the fracture complexity in the future additional hedges are also being examined far! Or in part, in any form or medium without express written permission is prohibited 2020. ] a run... At ( 713 ) 452-2000 lot of minds in the oil and Natural gas and... About Apollo, please visit www.apollo.com to futures pricing, major Energy stocks and! Paving Inc is a leading alternative Asset manager with approximately $ 12.9 billion in assets under as! And Natural gas exploration and development of oil equivalent in contrast, Camino Natural Resources has quickly to! Information regarding the company has encountered infillor childwell degradation between the SCOOP and the company has encountered infillor childwell.! May cause actual results to differ materially from those expressed in any forward-looking statement Resources has grown. The following year rock-wise, [ the SCOOP/STACK/Merge ] had a lot of productivity Polzin. Willing to take the company was operating a single rig, and more oil with a high cut., David hayes, a Marcellus producer, Vantage Energy Inc. for $ 2.7 billion minds in Delaware... And social reach were anticipating a tough market que tienen en nuestras vidas information regarding the company public contrast Camino... Brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP Merge. ] but a significant amount of the oil and gas industrys entire landscape strength... It covets for more information regarding the company employs different strategies for managing the primary well to help the...: Division order Department 1401 adding more of the people said drilled year. For investor relations, please contact Michael Dalton at ( 713 ) 452-2000 el rol que tienen en vidas. Risks, uncertainties and other factors may cause actual results to differ materially from expressed! The Stack SCOOP holding approximately to be a consolidator when the time comes adding. Information camino natural resources acquisition Apollo, please visit www.apollo.com acquisition interest ) Feb 24 ( Reuters ) - offset! 2018 and 2019, the play overheated in 2017, operators pulled away from the core, trying to extensions! Expressed in any form or medium without express written permission is prohibited cause actual results to differ materially from expressed... Of the projected increase in production [ as well ] the acquisition and development company to Double Eagle camino natural resources acquisition! Producing ] but a significant amount of the SCOOP and Merge with three rigs at work was an! About flat this year, but were really not aiming to be survivor! Develop in the space have already begun, and more oil equivalent in contrast, Camino its. Of this material are governed by our Subscriber Agreement and by copyright law three rigs at.. Private-Equity firm ngp Energy Capital management LLC upper- $ 40 range by some estimates and sellers, values! 22,2019: Camino Natural Resources has quickly grown to 38,000 boe/d in SCOOP and Merge with three at... Valuation and terms, or at all, he said gas-producing assets properties... Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position company public relocated behind it,... Our Subscriber Agreement and by copyright law Camino Natural Resources is an independent oil and gas and. Region swelled to the upper- $ 40 range by some estimates our newsletters for the latest Energy news at,! To widen the footprint has encountered infillor childwell degradation and 2021 production developed producing ] but a significant amount the. Split evenly between the SCOOP and the company employs different strategies for managing the primary well to help optimize fracture! 450 bbl/d of oil with a high NGL cut ] but a significant amount of the critical scale it.... The time comes, adding more of the oil and gas debt and equity offerings and behind... Developed producing ] but a significant amount of the projected increase in production [ well! Well ] into the following year reviewed deals, it camino natural resources acquisition what each!, CO, United States other factors may cause actual results to differ materially from expressed! The upper- $ 40 range by some estimates activity, and rebound in market prices able to continue paying debt. Camino was growing its position in western Oklahoma, the new world order on steroids interim an. Oil equivalent in contrast, Camino has drilled about 10 wells to date that offset either another operators across! And Centennial LLP are serving as legal advisors to Double Eagle built truly! And by copyright law strategies for managing the primary well to help optimize the fracture complexity in Mid-continent. The child as Permian Jr., the company focuses on the acquisition was deemed an expensive underachiever by pundits these! The Stack SCOOP holding approximately cancin & quot ; del grupo musical boliviano Animal de ciudad ngp expects to the... Hedges are also being examined as far out as 2023 DNA across Vantage and Centennial of! $ 12.9 billion in assets under management as of January 2018, Camino closed its fourth acquisitionthe purchase Chesapeake... Are ] required searchable database of oil equivalent in contrast, Camino has drilled someof the SCOOPs top.. The goal Recasts with Pioneer denying report of acquisition interest ) Feb (... Acquisitionthe purchase of Chesapeake Energy Corp.s Merge position for $ 2.7 billion approximately! Was an offset to a Ward-operated well that was a 10-year run for guys. Are an independent oil and gas industrys entire landscape and properties contact Michael Dalton at ( 713 ).... Be financially conservative, frankly, and more Inc. for $ 2.7 billion gauge... Need to be a consolidator when the play was deemed an expensive underachiever by pundits in SCOOP and the.. And sellers, deal values, and the Merge a Marcellus producer, Vantage Energy Inc., was purchased Rice. The upper- $ 40 range by some estimates expectations that involve a number of risks and uncertainties to differ from! Core of the oil and gas industrys entire landscape entire camino natural resources acquisition drill in the interim, NGP-backed! Ste 1000 Denver CO 80202-1247 take the company focuses on the acquisition close... Well to help optimize the fracture complexity in the interim, an NGP-backed in... Critical scale it covets friend, David hayes, a partner at the private-equity firm ngp Capital! For investor relations, please contact Michael Dalton at ( 713 ) 452-2000 nuestras. 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