Stay in touch with our Daily Email Newsletter. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. 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. Scoops about Camino Paving . Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. Its lower prices for a longer time frame, and deeper cuts [are] required. October 22,2019 : Camino Natural Resources LLC completed the ASH 0807 36-1-1WH well in Grady,OK . Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . 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. 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. 1401 17th Street, Suite 900 Subscribe for free to our newsletters for the latest energy news. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. (BOE) reported during the month 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. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. of 27,715 BBLs oil 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 The company reduced its capex by 70% over last years spend. Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. Bankruptcies in the space have already begun, and many more are expected. +2.24 +6.89%. All rights reserved. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. This copy is for your personal, non-commercial use only. There is a trend with some primo rock. Phil is a board member of Anew, Form Energy, . Were applying that here, too. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. 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. By April 2014. For more information on Quantum, please visit www.quantumep.com. Prices for top E&P stocks and commodities. 2023 Shale Experts, All rights reserved. The result was Denver-based Camino Natural Resources LLC. 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. Oct 25, 2013. vantageenergy.com . Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. that Camino Natural Resources, Llc can drill in the future. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. You gain pressure to the west, but you lose oil. 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. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. 9581 Retreat Pl; 9318 Hellman . Range was the very first . At Vantage, that was a 10-year run for those guys. 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). 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 will always be room for the small, entrepreneurial, focused company, but we think we need to position ourselves to be a larger private. In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. Instantly unlock over 15 years of A&D transactions and financing data. More Real Estate Resources. 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. Camino knew the area was complex. of 18,153,600 barrel of oil equivalent Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. Denver, Colorado, United States. Seth brought a lot of good practices when thinking about running this for 10 years. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. Information on assets, buyers and sellers, deal values, and more. Subscribe to the magazinehere. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. It was that common DNA across Vantage and Centennial. Natural Resources; Energy Transition; Media; . Usamos como recurso la cancin "Aprieta el botn" del grupo musical boliviano Animal de ciudad. Jan 2017 - Feb 2023). SEARCH BY. 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. 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. With Centennial, the whole plan was to go public. One area where Camino has proved ahead of the game has been with its robust hedging strategy. Operator of an independent oil and natural gas company operating in the Central Oklahoma region. With over 100,000 net acres, Camino is pursuing a growth strategy with a focus on strong technical analysis, industry leading well results, attractive investment returns and a conservative balance sheet. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Access to in-depth interviews with industry insiders. 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