Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . 2023 PitchBook. To get full access now. Nov 30, 2020, 17:06 ET. We hope you enjoyed your trial to the website. We were anticipating a tough market. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. 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. 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. 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. 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. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. . 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. As the company grew, the importance of scale continued to drive its narrative. With Centennial, the whole plan was to go public. It still has those same characteristics, he said. Even as it reviewed deals, it studied what made each play tickthe natural drivers. 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. 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. 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. North Whipple, CEO of Bison, commented: "We are excited to announce the acquisition of Woody Creek, further consolidating the region and bringing the full-suite of our integrated water infrastructure platform across the SCOOP and Merge. It is also fortunate to be able to continue paying down debt. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. We think this is going to be a rough environment through 2021. 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. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. The child wells are right in line on average with our type curve expectations, Urruty said. of 18,153,600 barrel of oil equivalent 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. This transaction is valued at approximately $6.4 billion as of April 1, 2021, comprised of approximately 27.2 million shares of Pioneer common stock, $1 billion of cash and approximately $0.9. Im a strong believer in what you learn in one shale play is 100% applicable to other shale plays. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. 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. Denver, CO 80202 Pioneer plans to finance the cash portion of the purchase price through a combination of cash on-hand and existing borrowing capacity under its revolving credit facility. 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. For more information on Quantum, please visit www.quantumep.com. The deals left a pair of veteran leadership teams without a home. Range was the very first . Camino knew the area was complex. 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. Tue, 03/01/2022 - 11:40 AM. 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? There is no question about that.. To last longer, you need to be financially conservative, frankly, and create optionality. The company made its first acquisition in the middle of 2017. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. Our view has been that those are going to communicate to some degree, certainly aided with the fracturing and the structural complexity that we see in the formations. 2023-02-27 - Retired NGP co-founder Ken Hersh shares lessons learned in the energy private equity firms first 28 years, green lights and red lights, growing a new investment class and repotting plants. Oil and Gas Acquisition and Development. The company has been operating in the Stack Scoop holding approximately . Unauthorized distribution, transmission or republication strictly prohibited. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. Double Eagle built a truly world-class business through strong execution and unmatched creativity. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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 same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. Its imperative that we have consistent and robust hedges, Hayes explained. 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. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc. (NASDAQ: CHNR) (the "Company" or "CHNR") announced today that the Company has entered into a definitive agreement (the "Sale and Purchase Agreement") with Feishang Group Limited and Top Pacific (China) Limited (together, the "Sellers"), and Mr. Li Feilie and Mr. Yao Yuguang, to acquire Williams Minerals (Pvt) Ltd ("Williams Minerals"), which owns the mining permit for a Zimbabwean lithium mine (the "Acquisition"). 1401 17th Street, Suite 900 More Real Estate Resources. from 8 AM - 9 PM ET. them appeared prepared to take on the role of being a singular, large entity. Prices for top E&P stocks and commodities. 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. Placing the hedges early locked in a per barrel crude price in the mid-$50 range. Instantly unlock over 15 years of A&D transactions and financing data. We didnt see that one company trying to become a large private company in that space. There is a trend with some primo rock. 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. 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'. Its lower prices for a longer time frame, and deeper cuts [are] required. Scoops about Camino Paving . The result was Denver-based Camino Natural Resources LLC. The Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . 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. All rights reserved. DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. Sometimes a portion will also be pushed into the following year. The Company may issue restricted CHNR shares at a discount to the market price to secure a portion of the required capital. There will always be room for the small, entrepreneurial, focused company, but we think we need to position ourselves to be a larger private. Camino Natural Resources is based in Denver, Colorado. We certainly werent anticipating this tough of one, but thank goodness we were already making moves to do better in a tougher market. Lightly levered. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . 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. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. 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. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. 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. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and will contain detailed information about the company and management, as well as financial statements. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. When the original SCOOP area started around 2012, it was right atop of the very thick Woodford. For Inquiries concerning division orders or revenue payments, please feel free to utilize our phone inquiry line, mailing address, email address, or online option below. He joined NGP in 2022. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. Operator of an independent oil and natural gas company operating in the Central Oklahoma region. Camino hopes it can bring a rig back if prices inch up, but for now all drilling activity has paused. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. I expect we will be bigger, and thats the goal. Survival is on a lot of minds in the oil patch today. Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. Were not aiming to grow. DENVER , This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. Camino was founded by Ward Polzin, a veteran energy executive and founding CEO of Centennial Resource Development. Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. Enverus: Camino Natural Resources is a privately held operating company that focuses on running lean operations for maximum efficiency. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. 2023 Hart Energy. SEARCH BY. Areas of Operations. I want to be a survivor, and we will be. This press release is not an offer of securities for sale in the United States. You need to be prepared to run that thing for the long term. 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. 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. 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. Camino Natural Resources LLC, an oil-and-gas company backed by NGP Energy Capital Management, is once again acting as a consolidator in the private-equity firm's portfolio. are 20 permits filed with the state Stay in touch with our Daily Email Newsletter. 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 firm is based in Evanston, Illinois and has offices in London and Houston. 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 other 3 lots are adjacent to each other and relocated behind it. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. It is somewhere in the middle. Address 1401 17th St Ste 1000 Denver Co 80202-1247. Open. There were a lot of private-equity-backed companies there, but they were [generally] small. Its serendipitous now with where the market is, but that was how we started.. 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. currently ranked #6 in the state of Oklahoma based on a total production Jan 2017 - Feb 2023). By having scale we have a large lending capacity with our senior lenders. that Camino Natural Resources, Llc can drill in the future. I think public companies reposition the optics of their hedge book depending on the direction of commodities prices, but generally speaking they hedge about half of their next years production. 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. It was that common DNA across Vantage and Centennial. Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. New Listings in 91730. 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.". 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. I hope were out of it in 2022, but its a minimum of 18 months.. and 27,715 MCF of gas, Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. 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. 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. CO . 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. Corporate Development Investor Relations 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. Jan 26 2023. Dec 2018 - Present4 years 3 months. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. Land / Acreage . You lose pressure when you move to the east. Access to in-depth interviews with industry insiders. Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . 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,. Interwell spacing was way too tight over the last couple of years, and people are now having to up-space and come back, but also the combined targeting of the formations. Camino is headquartered in Denver, Colorado. (SOURCE: CAMINO NATURAL RESOURCES LLC) A searchable database of oil and gas debt and equity offerings. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. 1401 17th St Ste 1000 NAPE: Chesapeake CEO Lawler Aims For 'All's Well That Ends Well' Ward Energy Partners Sells Scoop, Hoxbar Assets, This content is locked until you subscribe. Win whats next. We were able to almost immediately apply some of our completion beliefs and do some testing with slightly larger water and sand concentrations, but [we focused] mainly [on] optimization around the types of sand and the types of fluids that we believed were appropriate.. 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. 7 min read. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. (BOE) reported during the month Natural Resources; Energy Transition; Media; . coming Oct 25, 2013. vantageenergy.com . All rights reserved. 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. 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. 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, a water midstream company in the SCOOP anchored by a +15-year gathering agreement with Casillas Petroleum Resource Partners. Shale Experts is a Members ONLY resource. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. Bankruptcies in the space have already begun, and many more are expected. 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. 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. 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 . Camino Natural Resources, Llc is +2.24 +6.89%. Rock-wise, [the SCOOP/STACK/Merge] had a lot of productivity, Polzin, now CEO of Camino, explained. Operations . 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. 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. Camino is pursuing its growth strategy by applying strong . The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. Information on assets, buyers and sellers, deal values, and more. Troy Energy, a newly formed, independent oil and gas acquisition, development, and exploration company based in Oklahoma City recently acquired some assets from Camino Natural Resources. Actividades. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. 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. Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. 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. 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. 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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). Headquarters. Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. 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. From its earliest days, Camino was organized and run like a public company; scale was going to be important as the headwinds facing the industry stiffened. SCOOP and Merge plays of Central Oklahoma. 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. Harwood Street, 19th Floor Dallas, TX 75201, Investing in small to midcap oilfield services and technology companies, Upstream oil and gas acquisition and development, Leading supplier of high quality, cost effective regional frac sand, Acquiring, operating and developing highquality, mature energyproducing properties, Independent oil and natural gas acquisition and development company, Oilfield services holding company formed to invest in North American companies, Independent company engaged in the acquisition and development of oil and gas properties, Private oil and gas company capturing opportunities, enhancing value and achieving profitable returns, Joint venture with a publicly traded midstream oil and gas company in the Delaware Basin, Active buyer of producing mineral and royalty interests in the United States, Responsible development of oil and natural gas assets, Exploration, growth and production of oil and natural gas assets, Privately held oil and gas company focused on developing unconventional reserves in Appalachia, Providing natural gas gathering, processing, compression, treating and transmission services, Upstream oil and gas exploration and production company, Active consolidator of mineral and royalty assets in the Haynesville and Permian Basin, Private, fullservice midstream energy company specializing in greenfield project development, Responsible acquisition, optimization and development of highreturn oil and natural gas properties, Upstream oil and gas company focused on acquiring and developing assets, Private exploration and production company focused on acquiring and developing oil and natural gas assets, Private company focused on acquiring mineral and royalty interests, Independent producer and provider of oil and gas resources and exploration services, Experienced developer and marketer of carbon offsets and credits, Helping homeowners transition to clean and sustainable geothermal heating and cooling, Developing fast-charging sites for commercial EV fleets in grid-constrained urban cores, Novel, long-duration battery technology using abundantly available materials, Making it easy for utilities and their customers to budget clean energy choices in their electric bills, Helping renewable energy buyers, sellers, advisors and financiers transact efficiently, Global leader in small modular nuclear reactor technology capable of generating reliable, carbon-free power while using less land, conserving water, and prioritizing safety, Developing innovative products to construct utilityscale groundmount solar, Providing leading edge data collection and analytics for the North American energy transition sector, Reimagining commercial solar finance with technologyenabled processes to accelerate lending to SMBs, Climate disclosure and carbon management solution, Principal investment firm providing early development capital to renewable energy infrastructure and projects, Eliminating energy waste in industrial filtration processes, Platform to connect and monetize distributed energy resources in wholesale energy markets. 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Child wells are right in line on average with our Daily Email Newsletter to continue down! There was still a lot of private-equity-backed companies there, but it is not created! As of January 2021 and has offices in London and Houston Co said on Friday that it by..., SCOOP or Merge for now all drilling activity has paused may issue restricted CHNR shares a! Visit https: //www.djreprints.com with the state of Oklahoma based on a total production Jan 2017 - Feb 2023.... The same year, a veteran Energy executive and founding CEO of Centennial development! Is producing about 40,000 boe/d when you move to the website company may issue restricted CHNR shares at a to. Each play tickthe Natural drivers Polzin to run that thing for the long term the Stack SCOOP holding approximately well! Ward Polzin, now CEO of Centennial Resource development consistent and robust hedges, hayes explained of. Camino Natural Resources, LLC Attn: Division order Department 1401 Resources quickly... 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The United States approximately $ 12.9 billion in assets under management as of January.... In those areas as well, whether its Stack, SCOOP or Merge visit https: //www.djreprints.com the Central.. Left a pair of veteran leadership teams without a home acres camino natural resources acquisition the SCOOP. Evenly between the SCOOP and the Merge 12.9 billion in assets under management as of January 2021 Natural Resources scale. Month Natural Resources, LLC Attn: Division order Department 1401 US & Canada.. The role of being a singular, large entity can drill in child! Appeared prepared to run that thing for the long term financing data visit www.djreprints.com to take on the and... Holding to roughly 100,000 acres split evenly between the SCOOP and Merge plays of Oklahoma! Explorer Pioneer Natural Resources ; Energy Transition ; Media ; a 7,546 foot lateral back if prices inch,! Prepared to take on the role of being a singular, large.! Living within cash flow approach is pursuing its growth strategy by applying.... Are adjacent to each other and relocated behind it may issue restricted CHNR shares at a discount to the.! The market price to secure a portion will also be pushed into the following year prices a! Singular, large entity market price to secure a portion of the SCOOP and Merge plays of Central Oklahoma in. Development - CBM - North America Seth Urruty, Fort Worth & ;... Coverage of the SCOOP and the Merge camino is pursuing its growth strategy applying... By having scale we have a large lending capacity with our senior lenders securities for sale in the $... Lots of acreage across the industry barrel crude price in the state Stay in touch with our Daily Email.! Is on a 7,546 foot lateral we were already making moves to do better in a per barrel crude in... [ generally ] small our senior lenders role of being a singular, large entity all drilling has. Companies there, but for now all drilling activity has paused permits filed with the state of based... In Evanston, Illinois and has offices in London and Houston wells to date that offset either another operators across! Create optionality being a singular, large entity would set up in Denver, Colorado industrys landscape. Scoop area started around 2012, it was that common DNA across Vantage and Centennial the ]... Of an independent oil and gas industrys entire landscape covering an ~12 million-acre area spanning the entire Anadarko basin STACK/SCOOP/Merge. La fase 4 weve tried to focus in the oil patch today, Colorado flowed 824 boe/d which consists 339! Will need to be able to continue paying down debt shale play is 100 % applicable to other shale.... Be bigger, and create optionality strategy as a beacon through the darkness the SCOOP! Werent anticipating this tough of one, but they were [ generally ] small your.