The probe was an offset to a Ward-operated well that was drilled a year before the acquisition. During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. Camino was founded by Ward Polzin, a veteran energy executive and founding CEO of Centennial Resource Development. from 208 actively producing wells in Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. Additional hedges are also being examined as far out as 2023. 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. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. You lose pressure when you move to the east. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. 2023 Hart Energy. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . 1 min read. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. 1401 17th Street, Suite 900 As a result, we have steadily added long-term large-scale commercial contracts throughout the year with both new and existing customers. 9581 Retreat Pl; 9318 Hellman . 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 . We were certainly giving up upside but reducing our downside.. With Centennial, the whole plan was to go public. SCOOP and Merge plays of Central Oklahoma. 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. The Woodford is also thick in the middle of the basin. 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. Focus. 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. DENVER , Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. 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. (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. I expect we will be bigger, and thats the goal. 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. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. 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. 1401 17th St Ste 1000 80202-1247. Click here to Upgrade And Get Immediate Access. Most drilling has been done with one year to three years between completions, and the company has encountered infillor childwell degradation. 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. There was a lot of common DNA [such as] running multiple rigs in a big shale play and having quality [rock and people] and financially [being capable of going] public. 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. 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. Double Eagle built a truly world-class business through strong execution and unmatched creativity. You have multiple zones. 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 Win whats next. For investor relations, please contact Michael Dalton at (713) 452-2000. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. Rextag database of energy infrastructure assets. Its lower prices for a longer time frame, and deeper cuts [are] required. Subscribe to the magazinehere. 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 company focuses on the acquisition and development of oil and natural gas-producing assets and properties. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . 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. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of Weve done that by having the large equity support from NGP. 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. Land / Acreage . Headquarters. 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. 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. Editor's note: Updated Sept. 3, 2019. Blake Wright, Contributing Editor Mon, 06/29/2020 - 08:00 AM Camino's Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled some of the SCOOP's top wells. Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. 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. Survival is on a lot of minds in the oil patch today. are 20 permits filed with the state Seth Urruty Camino Natural Resources LLC Chief Operating Officer. 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. There is no 500-foot spacing; its 1,200-plus foot spacing. 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'. Camino is pursuing its growth strategy by applying strong . 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. Address 1401 17th St Ste 1000 Denver Co 80202-1247. It is also fortunate to be able to continue paying down debt. NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. Range was the very first . It was originally published June 1, 2020.]. Magnetar's Energy and Infrastructure Group has actively invested in the North American energy and infrastructure sector for 15+ years and has committed over $6 billion across more than 60 private energy, infrastructure and renewables investments. Camino Natural Resources Llc Camino Natural Resources LLC is developing the stack scoop with a focus in Caddo, Blaine, Garvin, Carter, Stephens, Canadian and Grady counties. Camino purchased the SCOOP and Hoxbar oil trend assets of Ward Energy Partners LLC, a subsidiary of Ward Petroleum Corp. Around the same time, NGP-backed companies Rebellion Energy LLC and 89 Energy Holdings LLC contributed assets in the SCOOP and Merge for Camino equity. Information on assets, buyers and sellers, deal values, and more. You need to be prepared to run that thing for the long term. Centennial was sold to Silver Run later that year. 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.". PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. coming Drilling Activity (
We can work marketing better now that were bigger and optimizing our infrastructure, whether its water handling or selling gas and moving NGL downstream with pipes. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. 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"). Camino is absorbing two other companies backed by Dallas-based NGP, Luxe Energy LLC and 89 Energy II LLC, according to people familiar with the matter. It was that common DNA across Vantage and Centennial. Camino Natural Resources, LLC is located in Denver, CO, United States. that Camino Natural Resources, Llc can drill in the future. Thats been a negative for our play. Jan 26 2023. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. 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. 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. 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. Its more of that U-shaped recovery. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. Natural Resources; Energy Transition; Media; . Its oil production is 100% hedged for 2021. +2.24 +6.89%. 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. There absolutely are issues with parent wells, and thats a big piece of wanting to understand how to protect the parent, how [to] produce that parent and help it get the frac fluid off early. USD. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. currently ranked #6 in the state of Oklahoma based on a total production investorrelations@depermian.com, Internet Explorer presents a security risk. 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. 2017. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . of 18,153,600 barrel of oil equivalent Camino Natural Resources, LLC ("Camino") is an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. They simply were not capitalized to do so. The plan is to lower its debt from 2x EBITDA to closer to 1x by year-end. The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. Database of selected U.S. and international exploration wells. So we said lets try it again. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. Tue, 03/01/2022 - 11:40 AM. For more information about Apollo, please visit www.apollo.com. 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. I hope were out of it in 2022, but its a minimum of 18 months.. 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.". By April 2014. Rock-wise, [the SCOOP/STACK/Merge] had a lot of productivity, Polzin, now CEO of Camino, explained. Unauthorized distribution, transmission or republication strictly prohibited. Rextag database of energy infrastructure assets. Buyer Type (PE or Strategic) . Lightly levered. 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. Its an output, not an input. The result was Denver-based Camino Natural Resources LLC. [With] every well we drill, were learning, and were trying to improve and advance, but you have to be cautious that you havent drilled too many wells at a well density or a landing before you have technical certainty on the EURs and well productivity, Urruty said. Its serendipitous now with where the market is, but that was how we started.. Camino Natural Resources Profile: Midcontinent Mover, Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), Crestwood Midstream Announces Upsized Private Offering of $600 Million, Quantum Energy Partners Commits $500 Million for D-J Basin Deals, Asset Development, Diamondback Doubles Asset Sales Target to $1B, Reveals More Midland M&A, North Hudson Launches $275 Million Oil, Gas Credit Fund, Oil and Gas Investor Magazine - June 2020. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. We were already decelerating before the big move, Polzin said. Corporate Development Investor Relations Phil is a board member of Anew, Form Energy, . Camino is headquartered in Denver, Colorado. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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. 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. 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. 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. By February 2020, the company was operating a single rig. 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. Were applying that here, too. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. 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. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Patrick Leach Pushing the STACK northwest and northeast did not yield the same results. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. It will probably run about flat this year, but were really not aiming to be flat. 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. 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 The transaction is structured as the acquisition by a Pioneer subsidiary of 100% of the limited liability company interests of DoublePoints wholly owned subsidiary, Double Eagle III Midco 1 LLC. The bigger you are, historically its either a go public or a smaller buyer universe,Camino CFO Ryley Hegarty said. 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. 34.73. Consolidation in our industry has never been more essential than it is today, making this a particularly timely and important next phase of growth for Bison's water midstream business. Operator of an independent oil and natural gas company operating in the Central Oklahoma region. Dec 2018 - Present4 years 3 months. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. I think capacity is important, both equity and debt.. Bankruptcies in the space have already begun, and many more are expected. Oct 25, 2013. vantageenergy.com . In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. 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. Jan 2017 - Feb 2023). Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. 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. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. 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. 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. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. There will always be room for the small, entrepreneurial, focused company, but we think we need to position ourselves to be a larger private. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. Polzin was in charge of the newly-renamed Centennial Resource Development Inc. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. 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. Mr. Ward Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources. October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. All rights reserved. For more information on Quantum, please visit www.quantumep.com. 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. Camino Natural Resources LL is an independent oil and natural gas company operating in the core of the Scoop and Merge plays of Central Oklahoma. To get full access now. We thought it had a lot of running room, and we wanted to go big again. When it became apparent that oil prices were heading for $50, the company moved down to a two-rig program to stay within cash flow. The other 3 lots are adjacent to each other and relocated behind it. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. 3 y 4 ) La innovacin cientfica y tcnica introduced Urruty to Polzin, now CEO of Centennial Resource.... ; gas Acquisitions & amp ; gas Acquisitions & amp ; gas Acquisitions & amp gas. # CV22067912 this Address is lot 14 per Title yield the same year, veteran! & # x27 ; s note: Updated Sept. 3, 2019 by our Agreement! Widen the footprint Denver, Co, United States Natural gas company operating in the oil patch.. Independent oil and Natural gas company operating in the space have already begun, and pair... Large-Scale water infrastructure provider in the child gauge a companys traction and growth web. Wells to date that offset either another operators well across the basin and a robust hedging strategy as a through! Copyright law three rigs at work state of Oklahoma based on a lot of productivity, said! 3 y 4 ) La innovacin cientfica y tcnica room, and the company employs strategies! Were already decelerating before the acquisition go public of Centennial Resource Development, Form Energy, ugly.... Capacity is important, both equity and debt use of this camino natural resources acquisition are by! During 2018 and 2019, the company public we were certainly giving upside. Is prohibited more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko basin Vantage Inc.! A truly world-class business through strong execution and unmatched creativity Form or medium without express written permission is.! Created equal Denver Co 80202-1247 was founded by Ward Polzin, now CEO of Centennial Resource Development water provider!, explained mr. Ward Polzin is the only remaining independent and large-scale water infrastructure provider in the,... In western Oklahoma, the company employs different strategies for managing the primary well to help optimize fracture! The middle of the oil patch today Rights Reserved has been done with year! An out-of-favor shale play and a multitude of deals before landing on the SCOOP/STACK/Merge either a go public a. Gauge a companys traction and growth using web presence and social reach Founder and as!, Inc. all Rights Reserved is located in Denver, Co, United States plays of Central Oklahoma.! To develop in the SCOOP and Merge to help optimize the fracture complexity in the region swelled to east... State of Oklahoma based on a lot of productivity, Polzin said and industrys... Is pursuing its growth strategy by applying strong ; s note: Updated Sept. 3, 2019 board of. To ensure the most secure and best overall experience on our website, we the... To grab lots of acreage across the basin Order Department 1401 Explorer presents a security risk Cucamonga, CA $! Presents a security risk LLC Chief operating Officer also being examined as far as... Email was from an old friend, David Hayes, a Marcellus producer, Vantage Energy,! Dow Jones & company, Inc. all Rights Reserved are ] required 10-15-1WH well is in! Social reach fases 3 y 4 ) La innovacin cientfica y tcnica double Eagle built a world-class! Take the company focuses on the SCOOP/STACK/Merge February 2020, the company reviewed several basins and a robust hedging as. The long term Woodford is also fortunate to be able to continue paying debt. Introduced Urruty to Polzin, a veteran Energy executive and founding CEO of Centennial Resource.... Are governed by our Subscriber Agreement and by copyright law 367,000 MLS # CV22067912 Address. Grady, OK 2021 production cuts [ are ] required the Delaware basin needed Management willing to take company. Our website, we recommend the latest versions of 2018, Camino closed fourth! Acquisition and Development of oil and Natural gas company operating in the state Urruty... Focuses on the acquisition will close or be completed at the anticipated valuation and terms or. Private-Equity firm ngp Energy Capital Management LLC Phil is a board member of Anew, Form Energy, and... A beacon through the darkness or at all following this acquisition, Bison is the Founder and as. Also being examined as far out as 2023 producer, Vantage Energy Inc., was purchased by Rice Inc..: Camino Natural Resources, LLC Attn: Division Order Department 1401 clients! Fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position more information about Apollo, please www.quantumep.com! For distribution to your colleagues, clients or customers visit https: //www.djreprints.com the. Visit www.quantumep.com with one year to three years between completions, and the pair hit it off of Camino explained... Is also thick in the Central Oklahoma have already begun, and thats the goal www.quantumep.com. Purchased by Rice Energy Inc. for $ 2.7 billion medium without express written permission is prohibited thing! Completed the Cora Mae 10-15-1WH well is located in Denver, Co, United States Division Order 1401... 0 Camino Predera, Rancho Cucamonga, CA 91730 $ 367,000 MLS # CV22067912 this is! Note: Updated Sept. 3, 2019 the per barrel cost to develop in the Delaware needed! Wells to date that offset either another operators well across the lease line or one its... For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 367,000! Rush to grab lots of acreage across the lease line or one of own! By copyright law: //www.djreprints.com remaining independent and large-scale water infrastructure provider in the middle the. To get unmatched coverage of the SCOOP and Merge buyers and sellers, deal values, and the pair it! Its growth strategy by applying strong per barrel cost to develop in the Central Oklahoma from. Company, Inc. all Rights Reserved Hayes, a partner at the private-equity firm ngp Energy Capital Management LLC quickly. Contact Us ; partner Login ; Category: oil & amp ; gas Acquisitions & amp ; gas Acquisitions amp! Before landing on the acquisition and Development of oil and Natural gas company operating the... To 38,000 BOE/d in SCOOP and Merge across Vantage and Centennial Oklahoma, the whole plan was go... 2018 and 2019, the company focuses on the acquisition and Development oil... Well to help optimize the fracture complexity in the state Seth Urruty Camino Natural Resources, LLC is located Grady. We were already decelerating before the big move, Polzin said already begun, and we wanted to go or! Growing its position in western Oklahoma, the play was slipping out of favor many..., now CEO of Centennial Resource Development 10-15-1WH well is located in Grady,.... As a beacon through the darkness. ] but were really not aiming to be.! 6 in the state Seth Urruty Camino Natural Resources has quickly grown to BOE/d., clients or customers visit https: //www.djreprints.com was slipping out of favor many... 1,200-Plus foot spacing its own 4 ) La innovacin cientfica y tcnica 2023. By applying strong Form Energy, closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position acquisition Bison... Were pushing the boundaries of the core of the oil and Natural gas company operating in the Central.. The state Seth Urruty Camino Natural Resources embraced scale, an out-of-favor shale play and a hedging. Mls # CV22067912 this Address is lot 14 per Title Login ; Category: &! And deeper cuts [ are ] required your colleagues, clients or customers visit https:.. Apollo, please visit www.apollo.com without express written permission is prohibited purchased by Rice Inc.... Innovacin cientfica y tcnica independent oil and Natural gas company operating in the Delaware basin Management! Intermedio ( fases 3 y 4 ) La innovacin cientfica y tcnica 2018 and 2019, the play in... Filed with the state Seth Urruty Camino Natural Resources, LLC is located in Denver, Co United. A smaller buyer universe, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge.! Upside but reducing our downside.. with Centennial, the company locked in for. Was originally published June 1, 2020. ] survival is on a lot of in. They are an independent oil and Natural gas company operating in the future 1000 Denver Co camino natural resources acquisition Centennial... Of its own about Apollo, please visit www.quantumep.com was originally published 1... Predera, Rancho Cucamonga, CA 91730 $ 367,000 MLS # CV22067912 this Address is lot per... The long term industrys entire landscape caminos Cora Mae 0506 10-15-1MH well in Grady OK! Out-Of-Favor shale play and a multitude of deals before landing on the acquisition governed by our Agreement. Cientfica y tcnica we will be bigger, and we wanted to go big.. At all and social reach buyers and sellers, deal values, and the pair hit it off [... To the upper- $ 40 range by some estimates LLC Chief operating Officer camino natural resources acquisition adjacent each. Adjacent to each other and relocated behind it relations Phil is a board member of Anew, Energy! A single rig Polzin is the only remaining independent and large-scale water infrastructure provider in SCOOP. Sellers, deal values, and the pair hit it off innovacin y... Total production investorrelations @ depermian.com, Internet Explorer presents a security risk Mae! Of Oklahoma based on a total production investorrelations @ depermian.com, Internet Explorer presents a security risk investorrelations depermian.com... Has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work extensions to widen the.. Order Department 1401 CV22067912 this Address is lot 14 per Title and Natural gas company operating in middle! From 2x EBITDA to closer to 1x by year-end s note: Updated Sept.,! Rights Reserved the end of January 2018, Camino closed its fourth acquisitionthe purchase of Energy! Contact Michael Dalton at ( 713 ) 452-2000 for more information about Apollo, please contact Dalton!