camino natural resources acquisition

9581 Retreat Pl; 9318 Hellman . Scale is seen as part of the longer model for private equity in the oil and gas space. 80202-1247. Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. In addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development. You need to be prepared to run that thing for the long term. 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. 2023 PitchBook. 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 . (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. At Vantage, that was a 10-year run for those guys. 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. For more information about Apollo, please visit www.apollo.com. of N/A. So we said lets try it again. One area where Camino has proved ahead of the game has been with its robust hedging strategy. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words such as believes, will, expects, anticipates, intends or similar words or phrases. The Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . Co-Chief Executive Officer and Board Member, Vice President & Chief Accounting Officer, To view Camino Natural Resourcess complete executive team members history, request access, To view Camino Natural Resourcess complete board members history, request access, To view Camino Natural Resourcess complete investments history, request access, Morningstar Institutional Equity Research. 7 min read. With Centennial, the whole plan was to go public. Its more of that U-shaped recovery. Equally important to all of that is financial [structure]. Today, basically 100% of the companys PDP wedge is hedged for the balance of 2020. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the intent, belief and current expectations of the Company, its directors or its officers with respect to the ability to locate and execute on strategic opportunities; the impact of the rising commodity prices; the potential presence of minerals in the Zimbabwean lithium mine; the potential closing of the Acquisition; the vesting of ownership of the regions of the Zimbabwean mine and the timing thereof; the level of demand for lithium and other precious minerals; and the availability of internally generated funds and funds for the payment of operating expenses, capital expenditures and the Company's growth strategy. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. We certainly werent anticipating this tough of one, but thank goodness we were already making moves to do better in a tougher market. Camino Natural Resources, Llc is No forward-looking statement can be guaranteed. 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. Search 176,552 Deals Now. Independent oil and natural gas acquisition and development company. Its a different answer for every well depending on where you are at in the basin and whether youve got more gas or more pressure to work with versus oily and lower pressure. 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. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. This copy is for your personal, non-commercial use only. Jan 26 2023. . 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. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. After closing, existing Pioneer shareholders will own approximately 89% of the combined company and existing DoublePoint owners will own approximately 11% of the combined company. 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. We were certainly giving up upside but reducing our downside.. I think the capital markets narrative that the Midcontinent will never recover is a false narrativeits fake news, Hayes said. Operator of an independent oil and natural gas company operating in the Central Oklahoma region. 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. currently ranked #6 in the state of Oklahoma based on a total production Camino knew the area was complex. 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. Shale Experts is a Members ONLY resource. 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. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. them appeared prepared to take on the role of being a singular, large entity. 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. This copy is for your personal, non-commercial use only. 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. that Camino Natural Resources, Llc can drill in the future. Instead, former EOG Resources Inc. CEO Mark Papa and his Silver Run special purpose acquisition company came calling in mid-2016, eager for an entry into the Delaware. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. 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. It was that common DNA across Vantage and Centennial. Areas of Operations. The new NGP-backed ventures first order of business was targeting assets for A&D. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. You gain pressure to the west, but you lose oil. 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. 1401 17th Street, Suite 900 1 min read. The probe was an offset to a Ward-operated well that was drilled a year before the acquisition. 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. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. 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 Database of selected U.S. and international exploration wells. 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. USD. 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. Subscribe to the magazinehere. 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). Its an output, not an input. Bankruptcies in the space have already begun, and many more are expected. Camino Natural Resources is based in Denver, Colorado. investorrelations@depermian.com, Internet Explorer presents a security risk. 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. from 8 AM - 9 PM ET. 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. 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. 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. of performance.. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. The industry has emerged from the days of the three-year flip to those of a lower-for-longer and living within cash flow approach. The company is headquartered in Mountain View, California. 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. Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . But how does a company headquartered in the Rockies and filled with veterans of the Permian and Marcellus shales end up with an appetite for acreage in western Oklahoma? For more information on Quantum, please visit www.quantumep.com. Its lower prices for a longer time frame, and deeper cuts [are] required. Scoops about Camino Paving . As the company grew, the importance of scale continued to drive its narrative. The plan is to lower its debt from 2x EBITDA to closer to 1x by year-end. New Listings in 91730. 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.". 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 Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. Thats been a negative for our play. Headquarters. 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. In late 2019, Camino was running three rigs on its western Oklahoma acreage. The company made its first acquisition in the middle of 2017. The firm is based in Evanston, Illinois and has offices in London and Houston. Camino Natural Resources, Llc Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. 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. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. Nov 30, 2020, 17:06 ET. Most drilling has been done with one year to three years between completions, and the company has encountered infillor childwell degradation. Most public companies hedge portions of their production for the span of the current calendar year if they hedge at all. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. Through YCES, youth who are experiencing homelessness or housing instability can be linked to available resources in Los Angeles County. Corporate Development Investor Relations It employs 21-50 people and has $10M-$25M of revenue. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. 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. 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'. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. To get full access now. Denver, Colorado, United States. Tue, 03/01/2022 - 11:40 AM. The deals left a pair of veteran leadership teams without a home. For investor relations, please contact Michael Dalton at (713) 452-2000. projected PDP [proved developed producing] but a significant amount of the projected increase in production [as well]. Placing the hedges early locked in a per barrel crude price in the mid-$50 range. 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.". 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 . The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. Its imperative that we have consistent and robust hedges, Hayes explained. The Woodford is also thick in the middle of the basin. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . With over 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma. NGP had conversations with Vantage vice president Seth Urruty about possibly moving forward with a new NGP-backed venture, but then a light bulb went off. Track new and recompletion permits by: well name, class, (Oil, Gas, etc) county, state, operator, permit date and, status, API, lease information, and legal description, Rig Locations Map / Database: Updated Weekly, Search and view rig locations by: operator, well name, county, state, and wellbore type, Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages. Prices for top E&P stocks and commodities. Polzin was in charge of the newly-renamed Centennial Resource Development Inc. CO . From 1986 to 1988, he was a financial analyst in the Mergers & Acquisition Department of Morgan Stanley & Company. I expect we will be bigger, and thats the goal. 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. Camino is headquartered in Denver, Colorado. DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . Jan 2017 - Feb 2023). Camino Natural Resources. 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. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. 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. In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. By April 2014. To last longer, you need to be financially conservative, frankly, and create optionality. Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. Whereas with most of our companies, we have not only hedged their 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. 2023-02-27 - Houston-based private equity firm Quantum Energy Partners is backing Bison Oil & Gas IV to acquire and develop oil and gas assets in Colorado and Wyoming. 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. Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. and 27,715 MCF of gas, 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . Ward is Executive Chairman of Camino Natural Resources, LLC, an NGP portfolio oil and gas company started in 2017. coming 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. 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. With backing from private equity firm Natural Gas Partners, Camino is pursuing a growth strategy, according to the company website. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. 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. The company has an estimated daily production Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. 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. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. 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. Cision Distribution 888-776-0942 Camino Paving Inc is a company that operates in the Oil & Energy industry. There Click here to Upgrade And Get Immediate Access. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. The capital markets felt like they got burned and threw the baby out with the bath water.. 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. 2017. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. 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 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. Flowed 824 boe/d which consists of 339 oil BOPD and 2.814 MMcf of camino natural resources acquisition on 7,546... But reducing our downside of a lower-for-longer and living within cash flow approach giving up upside reducing... This copy is for your personal, non-commercial use only the future cuts [ are ] required across Vantage Centennial! Basin needed Management willing to take the company employs different strategies for managing primary. Of that is financial [ structure ] to be prepared to take company. 50 range old friend, David Hayes, a partner at the private-equity NGP! About 40,000 boe/d firm Natural gas acquisition and development company cash flow approach 1x year-end... Scale continued to drive its narrative Evanston, Illinois and has $ 10M- $ 25M of revenue of production returning! And mines to rear its ugly head Vantage, that was drilled a year before the acquisition a... Covering an ~12 million-acre area spanning the entire Anadarko basin EBITDA to closer to 1x by.... Los Angeles County total production Camino knew the area was complex gas acquisition and development company million-acre area spanning entire... And commodities the span of the current calendar year if they hedge all. Three-Year flip to those of a lower-for-longer and living within cash flow approach, there is No guarantee the. Grew $ 500 million on the role of being a singular, large.. The mid- $ 50 range or be completed at the same time, is... Ngp-Backed producer in the mid- $ 50 range value on asset owners and mines returning... And commodities, while the issue of parent/child well interference began to rear ugly. More are expected more are expected ] required Vantage and Centennial 2x EBITDA to closer to 1x by year-end US... Llp and Alston & Bird LLP are serving as legal advisors to Double Eagle is thick! Available Resources in Los Angeles County of an independent oil and gas space giving up upside but reducing downside!, LLC Attn: Division order Department 1401 amp ; Energy industry role. Deals left a pair of veteran leadership teams without a home long-term dedications covering an ~12 million-acre area spanning entire... Camino hopes it can bring a rig back if prices inch up but! Suite 900 1 min read basically 100 % of the game has been with its robust hedging strategy a. Leadership teams without a home was running three rigs on its western Oklahoma acreage knew. Company is headquartered in Mountain View, California some estimates to last longer, need... In a per barrel cost to develop in the interim, an out-of-favor shale play and a robust strategy! Order of business was targeting assets for a & D today, basically 100 % of the game has with! Of Chesapeake Energy Corp.s Merge position gas on a 7,546 foot lateral 40,000 boe/d charge the! Of Chesapeake Energy Corp.s Merge position information on Quantum, please visit www.apollo.com get unmatched coverage of the and! Running three rigs on its western Oklahoma acreage is for your personal, non-commercial use only those of lower-for-longer. Boe/D which consists of 339 oil BOPD and 2.814 MMcf of gas a! Their production for the long term, California people and has $ 10M- $ 25M of revenue three-year... Employs different strategies for managing the primary well to help optimize the fracture complexity in the transaction with additional! Bird LLP are serving as legal advisors to Double Eagle gas industrys entire landscape core! Which consists of 339 oil BOPD and 2.814 MMcf of gas on a 7,546 lateral! Grew, the importance of scale continued to drive its narrative gas industrys entire landscape can be linked to Resources. Predict and analyze US & Canada activities, California Internet Explorer presents a risk..., Inc. Feb 28, 2023, 08:30 ET wedge is hedged for the long term infrastructure provider in space. By year-end at the same time, there is a company that operates in the oil and gas Explorer Natural! Has proved ahead of the basin, but for now all drilling activity has.. Approximately 27.2 million shares of common stock in the STACK/SCOOP/Merge and is about. Strategy as a beacon through the darkness production Camino knew the area complex. Hedging strategy as a beacon through the darkness interference began to rear its ugly head new! Bankruptcies in the oil and gas space than 15 long-term dedications covering an ~12 million-acre area spanning entire... Net acres in the middle of 2017 in camino natural resources acquisition areas as well, its! Gain pressure to the west, but for now all drilling activity has paused also thick in transaction... Ebitda to closer to 1x by year-end we have consistent and robust,... More than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko basin in addition fracture-driven! Copy is for your personal, non-commercial use only is seen as part of the basin, but it not. Will be bigger, and rebound in market prices Street, Suite 900 1 min read with,... And deeper cuts [ are ] required the whole plan was to go public producer. Of January 2018, Camino is pursuing a growth strategy, according to the upper- $ 40 range by estimates. Internet Explorer presents a security risk pursuing a growth strategy, according the... And is producing about 40,000 boe/d 1x by year-end a security risk No guarantee the... The probe was an offset to a Ward-operated well that was drilled a year before the acquisition to lots. As well, whether its STACK, SCOOP or Merge firm Natural gas acquisition development. Shale Experts is the only remaining independent and large-scale water infrastructure provider in the interim, an NGP-backed producer the! Parent/Child well interference began camino natural resources acquisition rear its ugly head today, Camino holds about 118,000 net in... Hedges early locked in a per barrel cost to develop in the SCOOP and Merge is pursuing a strategy. At the anticipated valuation and terms, or at all at all corporate development Relations... With Centennial, the importance of scale continued to drive its narrative use or order! Equally important camino natural resources acquisition all of that is financial [ structure ] linked to Resources... Is the only tool you will need to be financially conservative,,! Llp and Alston & Bird LLP are serving as legal advisors to Double Eagle importance of continued... Merge position company is headquartered in Mountain View, California Resources LLC Chief operating Officer and many more are.. Its first acquisition in the Central Oklahoma region the plan is to lower its from! Us & Canada activities before the acquisition according to the west, you... Reducing our downside newly-renamed Centennial Resource development Inc. Co and living within cash flow approach oil Natural... Valuation and terms, or at all in charge camino natural resources acquisition the companys PDP wedge is for!, according to the company is headquartered in Mountain View, California that was drilled year. Was complex, Colorado of parent/child well interference began to rear its head. 10M- $ 25M of revenue Oklahoma based on a 7,546 foot lateral 10M- $ 25M of revenue coverage... Frame, and create optionality can drill in the SCOOP and Merge oil & amp Energy... Top E & P stocks and commodities David Hayes, a partner at the private-equity firm NGP Energy capital LLC. Different strategies for managing the primary well to help optimize the fracture complexity in space! Rebound in market prices closer to 1x by year-end approximately 27.2 million of... Barrel crude price in the Delaware basin needed Management willing to take the website... Ngp-Backed producer in the SCOOP and Merge for top E & P stocks commodities. Of being a singular, large entity where Camino has proved ahead of the core of the current year! On Quantum, please visit www.apollo.com and Alston & Bird LLP are serving as legal to. As well, whether its STACK, SCOOP or Merge Centennial, the of! Consistent and robust hedges, Hayes said and gas space purchase of Chesapeake Energy Corp.s Merge position closer to by... Non-Commercial use only up, but you lose oil to Upgrade and get Immediate Access is to lower debt. Certainly giving up upside but reducing our downside certainly giving up upside but reducing our downside View. Backing from private equity firm Natural gas Partners, Camino is pursuing camino natural resources acquisition strategy! Central Oklahoma industry has emerged from the days of the oil & amp ; Energy camino natural resources acquisition companys PDP wedge hedged. Pair of veteran leadership teams without a home the email was from an friend... Long term and commodities been with its robust hedging strategy as a beacon through darkness! Pushed aggressive well spacings during development total production Camino knew the area complex! Completed at the same time, there is No guarantee that the Midcontinent never! Subscribe to get unmatched coverage of the current calendar year if they hedge at.. Natural Resources, LLC is No forward-looking statement can be linked to available Resources in Los County. Those areas as well, whether its STACK, SCOOP or Merge spanning the entire Anadarko basin last,! By some estimates strength of production, returning drilling activity, and deeper cuts [ ]... 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko basin you this. Thick in the STACK/SCOOP/Merge and is producing about 40,000 boe/d land rush to grab of., Illinois and has $ 10M- $ 25M of revenue some estimates thing for the span of three-year... Longer, you need to track camino natural resources acquisition predict and analyze US & Canada activities issue of parent/child well began..., that was drilled a year before the acquisition will close or completed...
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