Operations . 2023 PitchBook. Equally important to all of that is financial [structure]. Database of selected U.S. and international exploration wells. 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. Under the Sale and Purchase Agreement, it is expected that the Company will indirectly acquire all interests in Williams Minerals in the second fiscal quarter of 2023, and that the Company's "ownership" (as defined in the Sale and Purchase Agreement) of the Zimbabwean lithium mine will vest cumulatively, region by region from 2024 through 2026, contingent upon the issuance of independent technical reports and the Company's full settlement of the purchase consideration in cash and restricted shares. 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.". that Camino Natural Resources, Llc can drill in the future. The result was Denver-based Camino Natural Resources LLC. 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 is based in Denver, Colorado. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . 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 One area where Camino has proved ahead of the game has been with its robust hedging strategy. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. It was that common DNA across Vantage and Centennial. 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. 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 It just is what it is. Bankruptcies in the space have already begun, and many more are expected. Rextag database of energy infrastructure assets. 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 as it reviewed deals, it studied what made each play tickthe natural drivers. Were not aiming to grow. Get near real-time access to futures pricing, major energy stocks, and related articles and insights. Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels. Actividades. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. Our basin gets gassier to the west and oilier to the east, but quite frankly, weve found when you are looking for returns, it is not the oilier eastern part that has the highest returns, Polzin said. [With] 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. The company is headquartered in Mountain View, California. A searchable database of oil and gas debt and equity offerings. It still has those same characteristics, he said. of N/A. Patrick Leach Shale Experts offers the most COMPLETE coverage of the . With over 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. Apollo had assets under management of approximately $455 billion as of December 31, 2020 in its various affiliated private equity, credit, and real estate funds. 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. The Woodford is thick in northwest Canadian County where the Cana Field resides. 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. You lose pressure when you move to the east. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. Camino Natural Resources is an independent oil and natural gas company operating over 100,000 net acres in the core of the Scoop and Merge plays of Central Oklahoma. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. Its oil production is 100% hedged for 2021. He joined NGP in 2022. We hope to be able to leverage our mining expertise, sales and distribution platforms and balance sheet, as we continue to execute on our long-term business strategy.". Oil and Gas Acquisition and Development. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. 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 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. 2023-01-31 - North Hudson said it's providing capital solutions to small- and mid-sized operators at a time when capital providers in the oil and gas sector are pulling back. Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. 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"). Denver, CO 80202 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. Its imperative that we have consistent and robust hedges, Hayes explained. Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. More Real Estate Resources. Continental [Resources Inc.s] Springboard [SCOOP] is right in the middle of that, the Lone Rock area for Cimarex [Energy Co.], the Cana Fieldall of those go right down the spine of the basin. Camino is headquartered in Denver, Colorado. It was originally published June 1, 2020.]. Its lower prices for a longer time frame, and deeper cuts [are] required. New Listings in 91730. Camino Paving Inc is a company that operates in the Oil & Energy industry. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. Information on assets, buyers and sellers, deal values, and more. Rextag database of energy infrastructure assets. The firm is based in Evanston, Illinois and has offices in London and Houston. 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. We expect similar opportunities to emerge in the coming months on both the commercial and consolidation fronts, and we look forward to sharing our progress as those materialize.". Jan 2017 - Feb 2023). By February 2020, the company was operating a single rig. Rock-wise, [the SCOOP/STACK/Merge] had a lot of productivity, Polzin, now CEO of Camino, explained. Address 1401 17th St Ste 1000 Denver Co 80202-1247. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. 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. . 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. La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. The deals left a pair of veteran leadership teams without a home. The company has an estimated daily production SEARCH BY. With backing from private equity firm Natural Gas Partners, Camino is pursuing a growth strategy, according to the company website. Double Eagle is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO), Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. Among the risks and uncertainties that could cause the Company's actual results to differ from its forward-looking statements are: uncertainties regarding the governmental, economic and political circumstances in the PRC; the impact on the Company's financial position, growth potential and business from an investment in the natural resources sector generally and in the Zimbabwean lithium mine specifically; uncertainties related to the Company's ability to identify potential partners or acquisition targets as it considers strategic alternatives; uncertainties related to the Company's ability to settle in cash the consideration due in connection with this Acquisition; uncertainties associated with metal price volatility; uncertainties concerning the viability of mining and estimates of reserves at the Zimbabwean lithium mine; uncertainties associated with the issuance of and accuracy of the independent technical reports; uncertainties related to geopolitical events and conflicts, such as the conflict between Russia and Ukraine; uncertainties regarding the impact of the COVID-19 pandemic on domestic PRC and global economic conditions, demand for the mineral reserves that we may locate or extract, our workforce, whether due to illness or restrictions on movement, and on the price of our common shares; uncertainties related to possible future increases in operating expenses; the fluctuations of interest rates and foreign exchange rates; uncertainties related to the results of the next assessment by the Staff of the Nasdaq Listing Qualifications department of the Company's compliance with the Nasdaq Listing Rules; uncertainties related to the political situation between the PRC and the United States; uncertainties regarding the ability of the Public Company Accounting Oversight Board to continue to fully inspect auditors located in the PRC and Hong Kong, the implementation by the SEC of more stringent disclosure and/or other requirements for companies located in the PRC or that have operations in the PRC that are listed on exchanges in the United States, and increasing regulation by PRC government agencies of companies located in the PRC but listed elsewhere; and other risks detailed from time to time in the Company's filings with the SEC, including, without limitation, the information set forth in the Company's Annual Reports on Form 20-F under the heading "Risk 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. Land / Acreage . There is no question about that.. 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. Double Eagle built a truly world-class business through strong execution and unmatched creativity. Drilling Activity ( We think this is going to be a rough environment through 2021. from 8 AM - 9 PM ET. [We found] the sweet spot runs southeast to northwest in our basin. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. He is a Venture Partner of the NGP funds and brings a wealth of over 35 years of leadership, engineering, commercial, and investing experience in the energy industry. Most drilling has been done with one year to three years between completions, and the company has encountered infillor childwell degradation. 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. When, in any forward-looking statement, the Company, or its management, expresses an expectation or belief as to future results, that expectation or belief is expressed in good faith and is believed to have a reasonable basis, but there can be no assurance that the stated expectation or belief will result or be achieved or accomplished. This copy is for your personal, non-commercial use only. 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. Range was the very first . Subscribe to the magazinehere. You need to be prepared to run that thing for the long term. I think the capital markets narrative that the Midcontinent will never recover is a false narrativeits fake news, Hayes said. 582 Camino De Teodoro currently has a single family building on it. During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. Click here to Upgrade And Get Immediate Access. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . Were applying that here, too. 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. To get full access now. Well step into it more conservatively on an absolute spacing basis, he said. There were a lot of private-equity-backed companies there, but they were [generally] small. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. Open. The Company may issue restricted CHNR shares at a discount to the market price to secure a portion of the required capital. It employs 21-50 people and has $10M-$25M of revenue. Its more of that U-shaped recovery. Today, basically 100% of the companys PDP wedge is hedged for the balance of 2020. We certainly werent anticipating this tough of one, but thank goodness we were already making moves to do better in a tougher market. 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. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. 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. . Nov 30, 2020, 17:06 ET. 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. 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. are 20 permits filed with the state There will always be room for the small, entrepreneurial, focused company, but we think we need to position ourselves to be a larger private. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. One year to three years between completions, and many more are.! An absolute spacing basis, he added, we dont really get into business with anybody is... 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