For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. from 208 actively producing wells in Unauthorized distribution, transmission or republication strictly prohibited. It will probably run about flat this year, but were really not aiming to be flat. Buy some other companies, maybe, but the goal is to be bigger because it is just a better economic, stable position for everybody involved. Were applying that here, too. 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. 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. The deals left a pair of veteran leadership teams without a home. 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. 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. 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. 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,. The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. Operators in New Mexico. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. 2023 Hart Energy. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. 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 . As the company grew, the importance of scale continued to drive its narrative. 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. View original content:https://www.prnewswire.com/news-releases/china-natural-resources-announces-strategic-acquisition-of-lithium-mine-in-zimbabwe-301757390.html, https://www.prnewswire.com/news-releases/china-natural-resources-announces-strategic-acquisition-of-lithium-mine-in-zimbabwe-301757390.html, Novavax to pause RSV vaccine trial, assess pipeline, Ex-US congressman 'abused trust' to trade before mergers, prosecutor says, WRAPUP 1-Fed officials debate higher vs. just longer after January inflation jump, 'Enough pollution' in minority area eyed for NJ power plant, UPDATE 1-HSBC activist shareholder demands AGM vote on Asia business spin-off. We hope you enjoyed your trial to the website. The per barrel cost to develop in the region swelled to the upper-$40 range by some estimates. 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. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. 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). Instantly unlock over 15 years of A&D transactions and financing data. Cision Distribution 888-776-0942 It is focused on the acquisition, exploration and development of high-quality, oil and liquids rich assets in the Permian Basin of Texas and New Mexico which is recognized as the top . Please Upgrade it take less then a minute. When typing in this field, a list of search results will appear and be automatically updated as you type. Open. From 1986 to 1988, he was a financial analyst in the Mergers & Acquisition Department of Morgan Stanley & Company. Its lower prices for a longer time frame, and deeper cuts [are] required. Natural Resources; Energy Transition; Our Team; Investments. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. It is also fortunate to be able to continue paying down debt. We certainly werent anticipating this tough of one, but thank goodness we were already making moves to do better in a tougher market. Denver, Colorado. Year of Investment. There is a trend with some primo rock. Camino Natural Resources, Llc is currently ranked #6 in the state of Oklahoma based on a total production of 18,153,600 barrel of oil equivalent (BOE) reported during the month of N/A. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. The firm is based in Evanston, Illinois and has offices in London and Houston. 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. New Mexico Wells Drilled by Operator in 2021. Camino Natural Resources retained EnergyNet for the sale of three separate packages of operated and nonoperated opportunities in the Midcontinent region located in Central Oklahoma, the Anadarko Basin and the Mississippi Lime play. 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. 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. During the time Camino was growing its position in western Oklahoma, the play was slipping out of favor with many. Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. 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. We had a track record with our previous companies of improving EURs and production rates, reducing costs and getting full cycle returns out of that, Polzin said. By having scale we have a large lending capacity with our senior lenders. of 18,153,600 barrel of oil equivalent Camino is headquartered in Denver, Colorado. 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. It got drilled too tightly, and there were really high expectations. Placing the hedges early locked in a per barrel crude price in the mid-$50 range. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. 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.. They stand out among smaller industry players in that geography as a team that is a likely consolidator based on the strength of their balance sheet and strength Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels. 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. Areas of Operations. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. and 27,715 MCF of gas, of performance.. 582 Camino De Teodoro currently has a single family building on it. Listed by HONGHUA SHANG DRE #01833183 GREAT WALL REALTY, INC. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the intent, belief and current expectations of the Company, its directors or its officers with respect to the ability to locate and execute on strategic opportunities; the impact of the rising commodity prices; the potential presence of minerals in the Zimbabwean lithium mine; the potential closing of the Acquisition; the vesting of ownership of the regions of the Zimbabwean mine and the timing thereof; the level of demand for lithium and other precious minerals; and the availability of internally generated funds and funds for the payment of operating expenses, capital expenditures and the Company's growth strategy. The plan is to lower its debt from 2x EBITDA to closer to 1x by year-end. Camino is pursuing its growth strategy by applying strong . 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. 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 . In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. These teams spun out around the same time to figure out what was next career-wise. 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. Phil is a board member of Anew, Form Energy, . NGP expects to complete the mergers by late June, one of the people said. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. Provided by EnergyNet. Co-Chief Executive Officer and Board Member, Vice President & Chief Accounting Officer, To view Camino Natural Resourcess complete executive team members history, request access, To view Camino Natural Resourcess complete board members history, request access, To view Camino Natural Resourcess complete investments history, request access, Morningstar Institutional Equity Research. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. So we said lets try it again. DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. 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. 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. 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. 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. 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. 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