Camino Natural Resources. Range was the very first . 80202-1247. In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. 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. There is no question about that.. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. currently ranked #6 in the state of Oklahoma based on a total production Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . As a result, we have steadily added long-term large-scale commercial contracts throughout the year with both new and existing customers. Pioneer plans to finance the cash portion of the purchase price through a combination of cash on-hand and existing borrowing capacity under its revolving credit facility. Under these agreements, Bison will exclusively manage each company's water infrastructure within their respective portions of the combined ~1.5 million-acre dedicated area across Grady, McClain, Garvin and Canadian counties. (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 . The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. 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. Tue, 03/01/2022 - 11:40 AM. Oct 25, 2013. vantageenergy.com . [We found] the sweet spot runs southeast to northwest in our basin. 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. Additionally, we are excited to be shareholders in Pioneer as we are firm believers in their strategy of free cash flow generation that enables a competitive base and strong variable dividend.. If we are going to be here a long time, were not going to roll the dice, so to speak, and be unhedged, Polzin said. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. Through YCES, youth who are experiencing homelessness or housing instability can be linked to available resources in Los Angeles County. Jan 26 2023. 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. We had a track record with our previous companies of improving EURs and production rates, reducing costs and getting full cycle returns out of that, Polzin said. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. The Woodford is thick in northwest Canadian County where the Cana Field resides. 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. We didnt see that one company trying to become a large private company in that space. 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 . Shale Experts is a Members ONLY resource. USD. The last thing were worried about is production growth, Polzin said. Denver, Colorado. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. 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. He joined NGP in 2022. Corporate Development Investor Relations This press release is not an offer of securities for sale in the United States. 2023 Hart Energy. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. 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. Previously, . 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 company has an estimated daily production Camino knew the area was complex. Information on assets, buyers and sellers, deal values, and more. Natural Resources; Energy Transition; Our Team; Investments. 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. Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. Most drilling has been done with one year to three years between completions, and the company has encountered infillor childwell degradation. 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 searchable database of oil and gas debt and equity offerings. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. Click here to Upgrade And Get Immediate Access. To last longer, you need to be financially conservative, frankly, and create optionality. DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. 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). 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 Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. (SOURCE: CAMINO NATURAL RESOURCES LLC) Scale is seen as part of the longer model for private equity in the oil and gas space. Camino was founded by Ward Polzin, a veteran energy executive and founding CEO of Centennial Resource Development. 2023 Hart Energy. You lose pressure when you move to the east. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. 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. 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. Land / Acreage . 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. Nov 30, 2020, 17:06 ET. 1 min read. Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . Prices for top E&P stocks and commodities. 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"). For more information about Apollo, please visit www.apollo.com. Stay in touch with the latest activities by subscribing to our daily email covering operators, service companies, (acreage, production rates, well info, development plans, resverse, and completions designs), NGP Consolidates Portfolio Companies in Camino Natural Resources, Snapshot: Camino Cores Up Anadarko Portfolio, Ups Production; 2020 Rig Activity, Profile : Camino Natural Resources: Assets, Maps,Development Plans 2018, Camino Taps Cardinal Midstream for STACK/SCOOP Takeaway Dedication, Cardinal Building New Iron Horse Gas Gathering/Processing Facility, Future and current Drilling Plans in , as of 03-01-2023, Intent To Drill/Drilling Permits for , as of 03-01-2023, Latest News on the US, Canada and International plays, Tracking Activity on more than 4,000 companies (E&P, Midstream & Oilfield Services), Active Rigs By Company and County (Updated Weekly), 2015 & 2014 Company Detailed Drilling Budgets, Company & Play Break-Even, Type Curves and Well Economics. 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