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. This acquisition continues the trend of consolidation in the prolific Permian Basin, combining two complementary footprints in a transaction with both top- and bottom-line synergies., Dheeraj Verma, President of Quantum Energy Partners added, Quantum feels very fortunate to have had the opportunity to partner with John, Cody, Josh, Blake, Garrett and their team. I think capacity is important, both equity and debt.. 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. 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. Corporate Development Investor Relations 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. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. It was originally published June 1, 2020.]. 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? Touted early on as Permian Jr., the play was deemed an expensive underachiever by pundits. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. 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. Camino Natural Resources, Llc is Its imperative that we have consistent and robust hedges, Hayes explained. Stay in touch with our Daily Email Newsletter. Even as it reviewed deals, it studied what made each play tickthe natural drivers. These teams spun out around the same time to figure out what was next career-wise. The other 3 lots are adjacent to each other and relocated behind it. 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"). of 18,153,600 barrel of oil equivalent 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. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. 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. NGP partner Chris Carter introduced Urruty to Polzin, and the pair hit it off. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. 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. Win whats next. The bigger you are, historically its either a go public or a smaller buyer universe,Camino CFO Ryley Hegarty said. 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. 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. Were applying that here, too. Natural Resources; Energy Transition; Media; . I expect we will be bigger, and thats the goal. For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. Information on assets, buyers and sellers, deal values, and more. 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 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. 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.". In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. Its an output, not an input. With over 100,000 net acres, Camino is pursuing its growth strategy by applying strong technical analysis and operational integration, resulting in industry-leading well results and attractive investment returns. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. Seth brought a lot of good practices when thinking about running this for 10 years. 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 new NGP-backed ventures first order of business was targeting assets for A&D. The firm is based in Evanston, Illinois and has offices in London and Houston. I hope were out of it in 2022, but its a minimum of 18 months.. The transaction was unanimously approved by the Board of Directors of each company and is expected to close in the second quarter of 2021, subject to customary closing conditions and regulatory approvals. Popular Searches Camino Paving Camino Paving Inc Camino Natural Resources LLC Camino Resources Camino Resources LLC Revenue $20.7 M Employees 37 Founded 1976 New Listings in 91730. When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. 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. Our assets. Areas of Operations. Now, the new world order is like the old world order on steroids. 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.". Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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. Today, Camino holds about 118,000 net acres in the STACK/SCOOP/Merge and is producing about 40,000 boe/d. We were certainly giving up upside but reducing our downside.. 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? 1401 17th St Ste 1000 All rights reserved. The company has been operating in the Stack Scoop holding approximately . Denver, Colorado, United States. Shale Experts is a Members ONLY resource. Headquarters Address 1401 17th Street, Suite 900 Denver, CO 80202 United States Website Headquarters. Operations . You had this land rush to grab lots of acreage across the basin, but it is not all created equal. The culmination of these deals brought Caminos holding to roughly 100,000 acres split evenly between the SCOOP and the Merge. 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. 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. Oil and Gas Acquisition and Development. 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. 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. October 22,2019 : Camino Natural Resources LLC completed the ASH 0807 36-1-1WH well in Grady,OK . 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. of 27,715 BBLs oil 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. 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. 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. 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