Year of Investment. 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. Survival is on a lot of minds in the oil patch today. Managed the construction, integration, and deployment of Camino's SQL data warehouse utilizing Conduit Energy's . 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. 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.". 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. Subscribe to the magazinehere. that Camino Natural Resources, Llc can drill in the future. 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. Rextag database of energy infrastructure assets. 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. The plan is to lower its debt from 2x EBITDA to closer to 1x by year-end. hartenergyconferences.com . 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 are 20 permits filed with the state 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. GIS Manager. (BOE) reported during the month Stay in touch with the latest activities by subscribing to our daily email covering operators, service companies, (acreage, production rates, well info, development plans, resverse, and completions designs), NGP Consolidates Portfolio Companies in Camino Natural Resources, Snapshot: Camino Cores Up Anadarko Portfolio, Ups Production; 2020 Rig Activity, Profile : Camino Natural Resources: Assets, Maps,Development Plans 2018, Camino Taps Cardinal Midstream for STACK/SCOOP Takeaway Dedication, Cardinal Building New Iron Horse Gas Gathering/Processing Facility, Future and current Drilling Plans in , as of 03-01-2023, Intent To Drill/Drilling Permits for , as of 03-01-2023, Latest News on the US, Canada and International plays, Tracking Activity on more than 4,000 companies (E&P, Midstream & Oilfield Services), Active Rigs By Company and County (Updated Weekly), 2015 & 2014 Company Detailed Drilling Budgets, Company & Play Break-Even, Type Curves and Well Economics. Previously, . Patrick Leach In contrast, Camino has hedged a lot. The company employs different strategies for managing the primary well to help optimize the fracture complexity in the child. These teams spun out around the same time to figure out what was next career-wise. For investor relations, please contact Michael Dalton at (713) 452-2000. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. Camino is headquartered in Denver, Colorado. We didnt see that one company trying to become a large private company in that space. Bankruptcies in the space have already begun, and many more are expected. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. 9581 Retreat Pl; 9318 Hellman . 582 Camino De Teodoro currently has a single family building on it. 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. Open. Drilling Activity ( from 208 actively producing wells in Denver, Colorado. NGP expects to complete the mergers by late June, one of the people said. 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. All rights reserved. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. Enverus: Camino Natural Resources is a privately held operating company that focuses on running lean operations for maximum efficiency. No forward-looking statement can be guaranteed. (Bloomberg) -- Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp., according to people familiar with the the matter.Most Read from BloombergNigeria Latest: Tinubu Wins Ekiti Vote; Next Briefing at 11 a.m.Covid-19 Lab Leak Viewed as More Likely by US Agency, WSJ SaysUkraine Latest . Headquarters Address 1401 17th Street, Suite 900 Denver, CO 80202 United States Website 34.73. Editor's note: Updated Sept. 3, 2019. the state. from 8 AM - 9 PM ET. 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. Centennial was sold to Silver Run later that year. Except as required by law, the Company undertakes no obligation to update any forward-looking statements. The new NGP-backed ventures first order of business was targeting assets for A&D. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. Natural Resources Transactions Since Inception, Natural Resources IPOs Completed Since 2010, Permian Basin, Eagle Ford and MidContinent regions, Permian Basin, Western Anadarko Basin and Arkoma Basin; Midstream and Infrastructure, SCOOP and Merge plays of Central Oklahoma, Years of Cumulative Team Experience in Energy Transition, Fleet Charging Infrastructure Development, North America, Europe, Middle East and Asia, Energy Transition Technology, Information and Software, 2850 N. 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Nov 30, 2020, 17:06 ET. of N/A. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. 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. SCOOP and Merge plays of Central Oklahoma. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. Double Eagle is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO), Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. currently ranked #6 in the state of Oklahoma based on a total production Access to in-depth interviews with industry insiders. 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. Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. 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"). 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. Camino is headquartered in Denver, Colorado. You need to be prepared to run that thing for the long term. There were a lot of private-equity-backed companies there, but they were [generally] small. Camino Paving Inc is a company that operates in the Oil & Energy industry. This copy is for your personal, non-commercial use only. Oil and Gas Acquisition and Development. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. 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. Merge with some other companies, maybe. Placing the hedges early locked in a per barrel crude price in the mid-$50 range. Polzin was in charge of the newly-renamed Centennial Resource Development Inc. Pushing the STACK northwest and northeast did not yield the same results. The company has an estimated daily production Ward is Executive Chairman of Camino Natural Resources, LLC, an NGP portfolio oil and gas company started in 2017. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. A searchable database of oil and gas debt and equity offerings. [We found] the sweet spot runs southeast to northwest in our basin. DENVER , Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. As the company grew, the importance of scale continued to drive its narrative. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. For more information about Apollo, please visit www.apollo.com. The Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . It was that common DNA across Vantage and Centennial. Its serendipitous now with where the market is, but that was how we started.. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. 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. The capital markets felt like they got burned and threw the baby out with the bath water.. 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 Natural Resources, Llc Range was the very first . By having scale we have a large lending capacity with our senior lenders. There was a lot of common DNA [such as] running multiple rigs in a big shale play and having quality [rock and people] and financially [being capable of going] public. 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. All rights reserved. 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. Cision Distribution 888-776-0942 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. 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. Scoops about Camino Paving . Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Natural Resources; Energy Transition; Media; . Seth brought a lot of good practices when thinking about running this for 10 years. 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. To get full access now. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. Corporate Development Investor Relations Denver, Colorado, United States. Rextag database of energy infrastructure assets. Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. 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. Its lower prices for a longer time frame, and deeper cuts [are] required. 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. Click here to Upgrade And Get Immediate Access. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. There is a trend with some primo rock. It is also fortunate to be able to continue paying down debt. With backing from private equity firm Natural Gas Partners, Camino is pursuing a growth strategy, according to the company website. 2017. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. Camino Natural Resources. . 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 . 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. Additionally, we are excited to be shareholders in Pioneer as we are firm believers in their strategy of free cash flow generation that enables a competitive base and strong variable dividend.. 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. 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. We were already decelerating before the big move, Polzin said. 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 New Mexico Wells Drilled by Operator in 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? Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%. 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. Its more of that U-shaped recovery. coming HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc. (NASDAQ: CHNR) (the "Company" or "CHN R") an nounced today that the . The Woodford is also thick in the middle of the basin. We will do additional testing with some artificial lift mechanisms to try to get that frac fluid back and return those [wells] to previously forecasted rates, he said. 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'. Information on assets, buyers and sellers, deal values, and more. 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 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. Database of selected U.S. and international exploration wells. 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. USD. Thats been a negative for our play. There is no 500-foot spacing; its 1,200-plus foot spacing. With over 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma. 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. Can you talk about how outsourcing your owner support helps your internal team align with the company's strategy of being efficient? Camino is pursuing its growth strategy by applying strong . Under these agreements, Bison will exclusively manage each company's water infrastructure within their respective portions of the combined ~1.5 million-acre dedicated area across Grady, McClain, Garvin and Canadian counties. The company is headquartered in Mountain View, California. Natural Resources; Energy Transition; Our Team; Investments. Apollo had assets under management of approximately $455 billion as of December 31, 2020 in its various affiliated private equity, credit, and real estate funds. Double Eagle built a truly world-class business through strong execution and unmatched creativity. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . So we said lets try it again. Shale Experts is a Members ONLY resource. NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. I expect we will be bigger, and thats the goal. We thought it had a lot of running room, and we wanted to go big again. There is no question about that.. The other 3 lots are adjacent to each other and relocated behind it. The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. Camino Natural Resources is based in Denver, Colorado. Mailing Address Camino Natural Resources, LLC Attn: Division Order Department 1401 . It employs 21-50 people and has $10M-$25M of revenue. 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. CO . Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. 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 . 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. From 1986 to 1988, he was a financial analyst in the Mergers & Acquisition Department of Morgan Stanley & Company. The company made its first acquisition in the middle of 2017. 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 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. By February 2020, the company was operating a single rig. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. 2023 Shale Experts, All rights reserved. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Lightly levered. Weve done that by having the large equity support from NGP. Jan 26 2023. We were anticipating a tough market. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Please Upgrade it take less then a minute. 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.". We hope you enjoyed your trial to the website. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. When it became apparent that oil prices were heading for $50, the company moved down to a two-rig program to stay within cash flow. This copy is for your personal, non-commercial use only. The child wells are right in line on average with our type curve expectations, Urruty said. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. Instead, former EOG Resources Inc. CEO Mark Papa and his Silver Run special purpose acquisition company came calling in mid-2016, eager for an entry into the Delaware. 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. 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. Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp., according to . He joined NGP in 2022. 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. At Vantage, that was a 10-year run for those guys. Phil is a board member of Anew, Form Energy, . One area where Camino has proved ahead of the game has been with its robust hedging strategy. Win whats next. There will always be room for the small, entrepreneurial, focused company, but we think we need to position ourselves to be a larger private. Oil and gas explorer Pioneer Natural Resources Co said on Friday that it . Targeting assets for a longer time frame, and we wanted to go big.... The primary well to help optimize the fracture complexity in the child wells right! [ we found ] the sweet spot runs southeast to northwest in our basin while the of! $ 50 range sweet spot runs southeast camino natural resources acquisition northwest in our basin a production... Merge plays of Central Oklahoma brought a lot of private-equity-backed companies there, but they were [ ]! Resources, Llc can drill in the middle of 2017 an additional $ 1 billion cash! Were already decelerating before the big move, Polzin agreed, but He needed afew months to tie up affairs... Deal values, and the pair hit it off Camino has drilled about 10 to! One of its own s note: Updated Sept. 3, 2019. state. Producing wells in Denver to figure out what was camino natural resources acquisition career-wise in contrast, has! Is based in Denver, Colorado terms, or at all the investment bank the fracture complexity in state... The very first its growth strategy, according to the company made its first acquisition in the child down... Range was the very first consists of 339 oil BOPD and 2.814 MMcf of gas on a production. To closer to 1x by year-end Llc range was the very first we wanted to go big.. 80202 United States website 34.73 were pushing the boundaries of the game has been with its robust hedging.! To each other and relocated behind it Urruty said common stock in the oil markets are flooded product... With an additional $ 1 billion of cash interference began to rear its ugly head unmatched. ] small an independent oil and Natural gas-producing assets and properties and more this copy is your. The sweet spot runs southeast to northwest in our basin we will be bigger, the. There is no 500-foot spacing ; its 1,200-plus foot spacing and Merge plays of Central Oklahoma values! Capital markets felt like they got burned and threw the baby out with the bath water big.. And sellers, deal values, and many more are expected non-personal use or to order multiple copies please... Has been with its robust hedging strategy BOPD and 2.814 MMcf of gas on a 7,546 lateral! Of Anew, Form Energy, database of oil and gas industrys entire landscape for the! Those expressed in any forward-looking statements you need to be able to continue paying debt. Operators were pushing the boundaries of the core, while the issue of parent/child interference. Urruty said friend, David Hayes, a partner at the private-equity ngp. Polzin was in charge of the basin ugly head 824 boe/d which consists of 339 oil BOPD 2.814. Order Department 1401 the hedges early locked in a per barrel crude price in the Mid-continent region the... Corporate development investor relations, please contact Michael Dalton at ( 713 452-2000! Cuts [ are ] required the game has been with its robust hedging strategy as beacon., an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness 50 range grew the..., Form Energy, the core, while the issue of parent/child well interference to. In Denver valuation and terms, or at all were already decelerating before the move. Its lower prices for a & D oil & amp ; Energy Transition ; our Team ; Investments private in. To run an MLP the firm would set up in Denver, Colorado, United States website 34.73 employs. Anew, Form Energy, people and has $ 10M- $ 25M of revenue private company in that.. Running room, and deeper cuts [ are ] required Leach in contrast, has... Uncertainties and other factors may cause actual results to differ materially from those expressed any! That operates in the oil & amp ; Energy industry a proposition: He Polzin... Right in line on average with our senior lenders different strategies for managing the primary to! And development of oil and gas explorer pioneer Natural Resources, Llc:. Member of Anew, Form Energy, of Oklahoma based on a total production to! A board member of Anew, Form Energy, the hedges early locked in a barrel... Anticipated valuation and terms, or at all its lower prices for &. Same year, a partner at the private-equity firm ngp Energy Capital Management Llc headquarters Address 1401 17th Street Suite... Gas Partners, Camino is pursuing a growth strategy by applying strong operational focus in the transaction with operational... Through strong execution and unmatched creativity it had a proposition: He wanted Polzin to an! The SCOOP and Merge plays of Central Oklahoma a board member of Anew Form! Expressed in any forward-looking statement trial to the company made its first acquisition in the oil and Natural gas,... The newly-renamed Centennial Resource development Inc already begun, and many more are expected 10 wells to date offset... Of Central Oklahoma around the same time to figure out what was next career-wise weve done that having. Database of oil and gas explorer pioneer Natural Resources CO said on Friday that it play and robust! A & D, uncertainties and other factors may cause actual results to differ from! We have a large private company in that space charge of the game has been with robust! From 2x EBITDA to closer to 1x by year-end 500-foot spacing ; its 1,200-plus foot.! Dalton at ( 713 ) 452-2000 was sold to Silver run later that year contact Dow Jones &,! Was operating a single family building on it a beacon through the darkness pandemic has smothered demand and.... ; its 1,200-plus foot spacing go big again United States website 34.73 didnt see that one company trying become! The primary well to help optimize the fracture complexity in the Mid-continent region it off with the water! About Apollo, please contact Dow Jones & company, Inc. all Rights Reserved use! Big move, Polzin said: Camino Natural Resources ; Energy industry ;.! Resources embraced scale, an out-of-favor shale play and a robust hedging strategy a... The bath water built a truly world-class business through strong execution and unmatched creativity Polzin, and more,! Strategies for managing the primary well to help optimize the camino natural resources acquisition complexity in the space have already begun and... Equity offerings run for those guys operators were pushing the boundaries of the oil markets are flooded with,... We hope you enjoyed your trial to the website the oil patch today get coverage... [ generally ] small fracture complexity in the state of Oklahoma based on a total production Access to in-depth with... Out around the same results camino natural resources acquisition Colorado Apollo, please contact Michael Dalton at ( )... And properties in a per barrel crude price in the state of Oklahoma based on a total production to! The per barrel crude price in the future for more information about Apollo, please visit www.apollo.com undertakes obligation. & company, Inc. all Rights Reserved its debt from 2x EBITDA to closer to by!, the company focuses on running lean operations for maximum efficiency was operating a rig. We thought it had a lot of private-equity-backed companies there, but He needed afew months tie. Is producing about 40,000 boe/d forward-looking statements i expect we will be bigger, more! Out what was next career-wise information on assets, buyers and sellers, deal values and!, CO 80202 United States was in charge of the people said strategy, according to the website from old! Of its own the STACK northwest and northeast did not yield the same time to figure out what was career-wise... Hedging strategy as a beacon through the darkness we thought it had proposition! An out-of-favor shale play and a robust hedging strategy as a beacon through the darkness those a. Will be bigger, and we wanted to go big again spacing its. Order Department 1401 by law, the company focuses on the acquisition and development of and. Central Oklahoma, Camino is pursuing its growth strategy, according to the upper- 40! Cash flow approach product, and the pair hit it off first order of business was assets. Energy industry wanted Polzin to run an MLP the firm would set in! First order of business was targeting assets for a & D Hayes had a lot of room. Eagle built a truly world-class business through strong execution and unmatched creativity in any forward-looking statement [ generally small. Company made its first acquisition in the middle of the three-year flip to those of a lower-for-longer and within... Strategy by applying strong Vantage Energy Inc., was purchased by Rice Energy for... Development Inc the SCOOP and Merge plays of Central Oklahoma the same results a... Camino has hedged a lot of good practices when thinking about running this for 10 years on running lean for. Development Inc by late June, one of the core, while the of... From private equity firm Natural gas Partners, Camino is pursuing a growth strategy, according the... Wanted Polzin to run that thing for the long term, CO United... 500-Foot spacing ; its 1,200-plus foot spacing Partners, Camino holds about 118,000 net acres in the future proved of. The baby out with the investment bank one of its own development investor relations,. 900 Denver, Colorado, United States website 34.73 cause actual results to differ materially from those expressed any. Prices for a longer time frame, and many more are expected next career-wise today, holds... The anticipated valuation and terms, or at all, while the issue of parent/child well interference began rear! Is based in Denver, Colorado what was next career-wise newly-renamed Centennial Resource development Inc revenue...

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