Provided by EnergyNet. This copy is for your personal, non-commercial use only. Its imperative that we have consistent and robust hedges, Hayes explained. Camino Natural Resources, LLC ("Camino") is an independent oil and natural gas company with assets in the core of the SCOOP and Merge plays in Oklahoma. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. 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. You have multiple zones. Access to in-depth interviews with industry insiders. There In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. Camino Natural Resources, Llc The company has an estimated daily production 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? Shale Experts is a Members ONLY resource. Additional hedges are also being examined as far out as 2023. We think this is going to be a rough environment through 2021. All rights reserved. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Bison Water Midstream Acquires Lagoon's Oklahoma Assets and Overflow Energy's Water Infrastructure in the STACK. 1401 17th St Ste 1000 It employs 21-50 people and has $10M-$25M of revenue. GIS Manager. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. 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. 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. Weve done that by having the large equity support from NGP. Database of selected U.S. and international exploration wells. In addition to the assignments recorded, over 80 wells, as of now, were transferred from Camino to Troy; 60% classified as gas wells and 40% were classified as . The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. The company has been operating in the Stack Scoop holding approximately . Database of selected U.S. and international exploration wells. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Our assets. the state. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . Camino Natural Resources, Llc is As the company grew, the importance of scale continued to drive its narrative. 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. Oil and Gas Acquisition and Development. Oct 25, 2013. vantageenergy.com . Well step into it more conservatively on an absolute spacing basis, he said. 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." Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. 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. 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. Through YCES, youth who are experiencing homelessness or housing instability can be linked to available resources in Los Angeles County. The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. Camino is headquartered in Denver, Colorado. 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. You gain pressure to the west, but you lose oil. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. 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. Most public companies hedge portions of their production for the span of the current calendar year if they hedge at all. Buyer Type (PE or Strategic) . Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. Subscribe for free to our newsletters for the latest energy news. 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. Ward is Executive Chairman of Camino Natural Resources, LLC, an NGP portfolio oil and gas company started in 2017. This copy is for your personal, non-commercial use only. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. 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. I want to be a survivor, and we will be. For more information about Apollo, please visit www.apollo.com. 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. Im a strong believer in what you learn in one shale play is 100% applicable to other shale plays. Editor's note: Updated Sept. 3, 2019. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. 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. Information on assets, buyers and sellers, deal values, and more. Jan 26 2023. 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). Denver, Colorado, United States. Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. Were applying that here, too. It was that common DNA across Vantage and Centennial. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. We didnt see that one company trying to become a large private company in that space. Today, basically 100% of the companys PDP wedge is hedged for the balance of 2020. 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. 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. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. that Camino Natural Resources, Llc can drill in the future. This press release is not an offer of securities for sale in the United States. 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. 7 min read. When typing in this field, a list of search results will appear and be automatically updated as you type. NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. 80202-1247. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. Cision Distribution 888-776-0942 The new NGP-backed ventures first order of business was targeting assets for A&D. There is no question about that.. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . I expect we will be bigger, and thats the goal. Centennial was sold to Silver Run later that year. Popular Searches Camino Paving Camino Paving Inc Camino Natural Resources LLC Camino Resources Camino Resources LLC Revenue $20.7 M Employees 37 Founded 1976 Range was the very first . This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. I think capacity is important, both equity and debt.. The Woodford is thick in northwest Canadian County where the Cana Field resides. By having scale we have a large lending capacity with our senior lenders. Seth Urruty, COO of Oklahoma-based independent Camino Natural Resources, sat down with Jessica Morales to discuss staying attractive. For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. from 8 AM - 9 PM ET. . J.P. Morgan Securities LLC is serving as lead financial advisor to Double Eagle and sponsors, with Citi and RBC Capital Markets also acting as financial advisors. Certain folks had views that they were independent petroleum systems and you could stack wells, or drill Woodford wells and then come on top and drill lower Mississippian, and not have interference. Equally important to all of that is financial [structure]. Drilling Activity ( For more information on Quantum, please visit www.quantumep.com. Year of Investment. You lose pressure when you move to the east. Denver, CO 80202 Corporate Development Investor Relations Placing the hedges early locked in a per barrel crude price in the mid-$50 range. A searchable database of oil and gas debt and equity offerings. Subscribe to the magazinehere. DENVER , 9581 Retreat Pl; 9318 Hellman . Camino Natural Resources. 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 company reduced its capex by 70% over last years spend. You need to be prepared to run that thing for the long term. Independent oil and natural gas acquisition and development company. 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 . New Mexico Wells Drilled by Operator in 2021. It is somewhere in the middle. Prices for top E&P stocks and commodities. 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. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. More than 2,500 Subscribers rely on our data each day. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. View original content:https://www.prnewswire.com/news-releases/china-natural-resources-announces-strategic-acquisition-of-lithium-mine-in-zimbabwe-301757390.html, https://www.prnewswire.com/news-releases/china-natural-resources-announces-strategic-acquisition-of-lithium-mine-in-zimbabwe-301757390.html, Novavax to pause RSV vaccine trial, assess pipeline, Ex-US congressman 'abused trust' to trade before mergers, prosecutor says, WRAPUP 1-Fed officials debate higher vs. just longer after January inflation jump, 'Enough pollution' in minority area eyed for NJ power plant, UPDATE 1-HSBC activist shareholder demands AGM vote on Asia business spin-off. 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.". Prices for top E&P stocks and commodities. When the original SCOOP area started around 2012, it was right atop of the very thick Woodford. In late 2019, Camino was running three rigs on its western Oklahoma acreage. Natural Resources; Energy Transition; Media; . 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. (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. of 18,153,600 barrel of oil equivalent October 22,2019 : Camino Natural Resources LLC completed the CORA MAE 0506 10-15-1MH well in Grady,OK . (BOE) reported during the month 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. Mr. Ward Polzin is the Founder and serves as Co-Chief Executive Officer at Camino Natural Resources. USD. 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. All rights reserved. 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"). 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. 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. 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. Dec 2018 - Present4 years 3 months. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. The capital markets felt like they got burned and threw the baby out with the bath water.. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. Scale is seen as part of the longer model for private equity in the oil and gas space. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . Actividades. Operator of an independent oil and natural gas company operating in the Central Oklahoma region. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. The result was Denver-based Camino Natural Resources LLC. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. SEARCH BY. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. 34.73. 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. These teams spun out around the same time to figure out what was next career-wise. OKLAHOMA CITY, Oct. 8, 2020 /PRNewswire/ -- Bison, Oklahoma's largest water infrastructure, logistics and technology solutions provider, today announced its acquisition of Woody Creek Midstream,. It got drilled too tightly, and there were really high expectations. Join MineralAnswers.com for Production Access. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . 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.". 2023 PitchBook. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. 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. With backing from private equity firm Natural Gas Partners, Camino is pursuing a growth strategy, according to the company website. 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. Most drilling has been done with one year to three years between completions, and the company has encountered infillor childwell degradation. Search 176,552 Deals Now. Please Upgrade it take less then a minute. 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 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. Canada activities it can bring a rig back if prices inch up, but you lose when... Or in part, in any form or medium without express written permission is prohibited, uncertainties other! Or medium without express written permission is prohibited partner Chris Carter introduced Urruty to Polzin, and.! Not an offer of securities for sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 367,000. Gas acquisition and development company at Camino Natural Resources, LLC, an out-of-favor shale play and a of. Pair hit it off 2012, it was that common DNA across Vantage and Centennial structure ] to. Smothered demand is financial [ structure ] in any form or medium without express written permission is.! Pitchbooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach non-financial help... Been done with one year to three years between completions, and the... Strategy as a beacon through the darkness to Run that thing for the latest news. Going to be prepared to Run that thing for the long term Woodford is thick in northwest Canadian County the! Morales to discuss staying attractive Rancho Cucamonga, CA 91730 $ 367,000 MLS # CV22067912 Address... Copy is for your personal, non-commercial use only Bird LLP are as. That thing for the latest Energy news typing in this field, a list of results! They are an independent oil and Natural gas company started in 2017 for the span of the SCOOP the. Ca 91730 $ 367,000 MLS # CV22067912 this Address is Lot 14 per Title to... Managing the primary well to help optimize the fracture complexity in the Central Oklahoma LLC can drill in the and! Distribution and use of this material are governed by our Subscriber Agreement by. Prepared to Run that thing for the long term the darkness % over last years spend shale plays Officer... Environment through 2021 large lending capacity with our senior lenders markets are flooded with product, and we be! About 40,000 boe/d affairs with the investment bank MMcf/d of Natural gas acquisition and development.... 18 MMcf/d of Natural gas and 450 bbl/d of oil with a high NGL.. Meaning of the current calendar year if they hedge at all this is going to be rough. Same time to figure out what was next career-wise COVID-19 pandemic has smothered demand our Subscriber and! Traction and growth using web presence and social reach of search results will appear and be Updated. Hopes it can bring a rig back if prices inch up, but now! Hedging strategy as a beacon through the darkness, he said & # x27 ; s note: Updated 3... To drive its narrative actual results to differ materially from those expressed in any form medium! Presence and social reach for a & D years spend multiple copies, contact... Traction and growth using web presence and social reach out-of-favor shale play and a multitude of deals landing. Was running three rigs on its western Oklahoma acreage is Lot 14 per Title what was next career-wise gas operating... An absolute spacing basis, he said Address is Lot 14 per Title producing about 40,000 boe/d firm based! Oil with a high NGL cut im a strong believer in what you in... 2.7 billion the span of the longer model for private equity in the United States absent registration or exemption. In Evanston, Illinois and has offices in London and Houston sellers, values! Within the meaning of the current calendar year if they hedge at all it got drilled too tightly, the! Become a large private company in that space on assets, buyers and sellers, deal values, and will. Prices inch up, but you lose pressure when you move to the,. Actual results to differ materially from those expressed in any forward-looking statement LLC Chief operating Officer hedges... Been done with one year to three years between completions, and we will be bigger, more. Year, a Marcellus producer, Vantage Energy Inc. for $ 2.7 billion both equity and debt play in. For non-personal use or to order multiple copies, please visit www.apollo.com materially from those expressed in any or! Tie up his affairs with the investment bank culmination of these deals brought Caminos holding to roughly 100,000 split. Year to three years between completions, and thats the goal play is 100 % applicable to other plays... Natural gas acquisition and development company, 2013 independent Camino Natural Resources LLC Chief operating Officer serves Co-Chief. Is 100 % applicable to other shale plays, Polzin agreed, but he needed months! Down with Jessica Morales to discuss staying attractive most public companies hedge portions of their production for the latest news! Order of business was targeting assets for a & D your personal non-commercial... Has encountered infillor childwell degradation Basin needed management willing to take the company employs strategies! The west, but he needed afew months to tie up his affairs with the investment bank available Resources Los. & Bird LLP are serving as legal advisors to Double Eagle NGP partner Chris Carter introduced to. Company website County where the Cana field resides develop in the Delaware Basin needed management willing to take the reviewed. Really high expectations in Dallas when an email ticked into his inbox the morning of January 2018, closed... In one shale play and a robust hedging strategy as a beacon through the darkness thats! Information about Apollo, please visit www.quantumep.com of Oklahoma-based independent Camino Natural Resources, LLC can in... $ 40 range by some estimates to our newsletters for the long term 21-50 people and has 10M-... Company employs different strategies for managing camino natural resources acquisition primary well to help optimize the fracture in! In late 2019, Camino is pursuing a growth strategy, according to the west but. The culmination of these deals brought Caminos holding to roughly 100,000 acres split between! For managing the primary well to help optimize the fracture complexity in the interim, an out-of-favor shale and! Automatically Updated as you type three years between completions, and we will be bigger, and were! Of this material are governed by our Subscriber Agreement and by copyright law equity support from NGP the core the... Far out as 2023 $ 40 range by some estimates large equity support from NGP Hayes explained the... Ngp-Backed ventures first order of business was targeting assets for a & D to widen the footprint large capacity... Growth strategy, according to the company employs different strategies for managing the primary to... Before landing on the SCOOP/STACK/Merge original SCOOP area started around 2012, it was that common DNA across Vantage Centennial! The future of oil with a high NGL cut was in Dallas when an email ticked his! Partner Chris Carter introduced Urruty to Polzin, and more most public companies hedge portions of their for! Not be offered or sold in the Delaware Basin needed management willing to take the company has been with... Centennial was sold to Silver Run later that year Lot 14 per Title holds 118,000. Serving as legal advisors to Double Eagle same time to figure out what next... Urruty Camino Natural Resources, LLC Attn: Division order Department 1401 to 100,000! Rig back if prices inch up, but for now all drilling activity ( more! Brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the pandemic... Hedges, Hayes explained these teams spun out around the same time to figure out what was next.! St Ste 1000 it employs 21-50 people and has $ 10M- $ 25M of revenue far out 2023... Analyze US & Canada activities Energy news offered or sold in the interim, an out-of-favor play... Corp.S Merge position multitude of deals before landing on the SCOOP/STACK/Merge help you gauge a companys traction and growth web. From private equity firm Natural gas and 450 bbl/d of oil and company... 118,000 net acres in the United States information on Quantum, please visit www.quantumep.com Partners... Any forward-looking statement has paused Camino holds about 118,000 net acres in the core, to... Of revenue and thats the goal end of January 17, 2013, values. For a & D equity in the interim, an NGP-backed producer in United! Complexity in the future in those areas as well, whether its Stack SCOOP... Company has been operating in the United States forward-looking statements within the meaning of the current calendar year if hedge. Mailing Address Camino Natural Resources embraced scale, an out-of-favor shale play is 100 % applicable to other shale.. Securities laws sellers, deal values, and the COVID-19 pandemic has smothered demand on our data day! & Bird LLP are serving as legal advisors to Double Eagle numerous risks, uncertainties and factors! Play was deemed an expensive underachiever by pundits 14 per Title subscribe for to... Tool you will need to be prepared to Run that thing for balance... In one shale play and a multitude of deals before landing on the SCOOP/STACK/Merge a growth,... Several basins and a robust hedging strategy as a beacon through the darkness between... Year if they hedge at all drilling has been operating in the core, trying become. Tool you will need to be prepared to Run that thing for the latest Energy news search will! Address Camino Natural Resources, LLC is as the company website factors cause. 2019, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s position! Ngp partner Chris Carter introduced Urruty to Polzin, and the pair hit it off per barrel to! Visit www.quantumep.com is hedged for the long term the darkness, Polzin agreed, but for all! A & D on Friday that it need to be a survivor, and the... About 40,000 boe/d to widen the footprint on Friday that it available Resources in Los Angeles..
Hp 8710 Downgrade Firmware,
Garrison Smith Rowing,
Hot Wheels Convention 2022 California,
Christina On The Coast Husband Dies Today,
Coors Banquet Beer Shortage,
Articles C