This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. I think the capital markets narrative that the Midcontinent will never recover is a false narrativeits fake news, Hayes said. Camino Natural Resources Jan 2018 - Present5 years 1 month Greater Denver Area In my current role with Camino, I manage development activities for a growing private E&P company. Usamos como recurso la cancin "Aprieta el botn" del grupo musical boliviano Animal de ciudad. For investor relations, please contact Michael Dalton at (713) 452-2000. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. We were anticipating a tough market. 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. 1401 17th Street, Suite 900 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. of 27,715 BBLs oil There is a trend with some primo rock. The result was Denver-based Camino Natural Resources LLC. Join MineralAnswers.com for Production Access. Headquarters. Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. Focus. Subscribe for free to our newsletters for the latest energy news. 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. Camino is. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. 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). We thought it had a lot of running room, and we wanted to go big again. We think this is going to be a rough environment through 2021. of N/A. 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. 9581 Retreat Pl; 9318 Hellman . Camino Natural Resources is based in Denver, Colorado. The company is headquartered in Mountain View, California. 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. of 18,153,600 barrel of oil equivalent 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. For more information on Quantum, please visit www.quantumep.com. The company has been operating in the Stack Scoop holding approximately . . of performance.. 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. There 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. The last thing were worried about is production growth, Polzin said. Access to in-depth interviews with industry insiders. Its an output, not an input. 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. 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. It is also fortunate to be able to continue paying down debt. Additionally, our team's ability to deliver creative solutions in a challenging market while executing on our promises to customers has clearly differentiated us from others in the region. 2023 Hart Energy. By having scale we have a large lending capacity with our senior lenders. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. You lose pressure when you move to the east. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Were applying that here, too. Merge with some other companies, maybe. Weve done that by having the large equity support from NGP. We were already decelerating before the big move, Polzin said. 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. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. Seth brought a lot of good practices when thinking about running this for 10 years. So we said lets try it again. Database of selected U.S. and international exploration wells. [We found] the sweet spot runs southeast to northwest in our basin. 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. For more information about the Acquisition, please see the Report on Form 6-K furnished by CHNR with the U.S. Securities and Exchange Commission (the "SEC") on February 28, 2023. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. 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. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. 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. 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. 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. Drilling Activity (
Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of Open. (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. Operators in New Mexico. Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), DUG Midcontinent 2022: Expanding The SCOOP's Southern Sweet Spot, DUG Midcontinent: Operator Spotlight; From Zero to 100k, Camino Natural Resources Profile: Midcontinent Mover, Executive Q&A: Camino Natural Resources Growth Strategy, DUG Midcontinent: Operator Spotlight: From Zero to 38,000 BOE/d, DUG Midcontinent Day 2: Oklahoma Operators Discuss Challenges, Innovation, Best Of This Weeks Drilling Activity Highlights (Sept. 27, 2019). Scoops about Camino Paving . The company reduced its capex by 70% over last years spend. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. Our assets. 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. 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. 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