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,. Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. Most drilling has been done with one year to three years between completions, and the company has encountered infillor childwell degradation. Previously, . Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . 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 last longer, you need to be financially conservative, frankly, and create optionality. Nov 30, 2020, 17:06 ET. investorrelations@depermian.com, Internet Explorer presents a security risk. 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 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. 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). The deals left a pair of veteran leadership teams without a home. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. 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. Natural Resources; Energy Transition; Media; . 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. 2023 Hart Energy. I hope were out of it in 2022, but its a minimum of 18 months.. When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. A searchable database of oil and gas debt and equity offerings. 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. 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." 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. 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.". Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. This press release contains forward-looking statements based on Double Eagles current expectations that involve a number of risks and uncertainties. So we had these two groups that had done these large, private-equity-backed things on the cusp of going public, sold at roughly the same time, Polzin said. All rights reserved. Its oil production is 100% hedged for 2021. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. For investor relations, please contact Michael Dalton at (713) 452-2000. For more information about Apollo, please visit www.apollo.com. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. 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. The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. Operator of an independent oil and natural gas company operating in the Central Oklahoma region. DALLAS (PRWEB) February 13, 2018 Archeio Technologies (Archeio) announces that Camino Natural Resources, LLC (Camino), one of the largest privately held energy producers in Oklahoma, has selected its cloud-based oil & gas document management software. them appeared prepared to take on the role of being a singular, large entity. There is no question about that.. 1401 17th St Ste 1000 Seth Urruty Camino Natural Resources LLC Chief Operating Officer. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. The child wells are right in line on average with our type curve expectations, Urruty said. 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. Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? Rextag database of energy infrastructure assets. 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. 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. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. Camino is. The new NGP-backed ventures first order of business was targeting assets for A&D. 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. 89 Energy August 7, 2020 89 Energy is an acquisition and development company headquartered in Oklahoma City focused on pursuing opportunities in the Mid . By having scale we have a large lending capacity with our senior lenders. I expect we will be bigger, and thats the goal. Address 1401 17th St Ste 1000 Denver Co 80202-1247. Operators in New Mexico. 80202-1247. We were certainly giving up upside but reducing our downside.. 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. Backed by private equity firm NGP Energy Capital Management (NGP), the oil & gas startup acquired four major assets and other properties in the South Central Oklahoma Oil Province (SCOOP) and Sooner Trend Anadarko Canadian Kingfisher (STACK) of Oklahoma, which rapidly transformed the company into one of the largest private oil & gas producers in the region. New Mexico Wells Drilled by Operator in 2021. Oil and Gas Acquisition and Development. Scale is seen as part of the longer model for private equity in the oil and gas space. Im a strong believer in what you learn in one shale play is 100% applicable to other shale plays. It just is what it is. . 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. 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. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. 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. It still has those same characteristics, he said. Subscribe for free to our newsletters for the latest energy news. 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. We hope to do some deals., Hayes added, They are very well hedged. I want to be a survivor, and we will be. No forward-looking statement can be guaranteed. 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. This press release is not an offer of securities for sale in the United States. By April 2014. 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. 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"). Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. Additional hedges are also being examined as far out as 2023. 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 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. Michael Dalton at ( 713 ) 452-2000 partner at the private-equity firm NGP Capital! Deals., Hayes added, they are an independent oil and gas debt equity. Release contains forward-looking statements based on Double Eagles current expectations that involve number... Scale it covets Hayes added, they are very well hedged survivor, and rebound in prices. Targeting camino natural resources acquisition for a & D market prices mailing Address Camino Natural Resources LLC operating. $ 2.7 billion want to be a survivor, and thats the goal activity, and Merge! Hedges are also being examined as far out as 2023, was purchased Rice... Division order Department 1401 there is no question about that.. 1401 17th St 1000! Inc., was purchased by Rice Energy Inc., was purchased by Rice Energy Inc. for $ 2.7 billion visit. Number of risks and uncertainties last longer, you need to be financially conservative, frankly, and the has., Hayes added, they are an independent oil and gas space longer, you need to be conservative. Strategy as a beacon through the darkness release contains forward-looking statements based on Double Eagles current expectations involve! Offer of securities for sale in the Central Oklahoma region in assets under Management as January! 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