The first well the company drilled 100% as Camino was the ABEL 25-36-1XHan early lower Mississippian/Sycamore target in Grady County. There is no question about that.. 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. Operator of an independent oil and natural gas company operating in the Central Oklahoma region. 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. (SOURCE:CAMINO NATURAL RESOURCES LLC), [Editor's note: A version of this story appearsin the June 2020 edition ofOil and Gas Investor. 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. I think capacity is important, both equity and debt.. Scale is seen as part of the longer model for private equity in the oil and gas space. Weve tried to focus in those areas as well, whether its STACK, SCOOP or Merge. 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. 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. Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. 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. 34.73. With backing from private equity firm Natural Gas Partners, Camino is pursuing a growth strategy, according to the company website. The Woodford is also thick in the middle of the basin. 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. 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. You gain pressure to the west, but you lose oil. During 2018 and 2019, the company locked in pricing for its 2020 and 2021 production. 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. 2023-02-27 - 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. them appeared prepared to take on the role of being a singular, large entity. Denver, CO 80202 So we said lets try it again. The company focuses on the acquisition and development of oil and natural gas-producing assets and properties. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. You need to be prepared to run that thing for the long term. Scoops about Camino Paving . 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. Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness. Subscribe for free to our newsletters for the latest energy news. Rextag database of energy infrastructure assets. 1401 17th Street, Suite 900 These teams spun out around the same time to figure out what was next career-wise. There is no 500-foot spacing; its 1,200-plus foot spacing. SCOOP and Merge plays of Central Oklahoma. . Nov 30, 2020, 17:06 ET. Seth Urruty Camino Natural Resources LLC Chief Operating Officer. Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. In the interim, an NGP-backed producer in the Delaware Basin needed management willing to take the company public. In addition, fracture-driven well interaction issues arose once operators pushed aggressive well spacings during development. from 8 AM - 9 PM ET. 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. . Placing the hedges early locked in a per barrel crude price in the mid-$50 range. 2023 Hart Energy. Subscribe to the magazinehere. 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. Dec 2018 - Present4 years 3 months. Natural Resources; Energy Transition; Our Team; Investments. Oil and Gas Acquisition and Development. 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 non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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.". Backed by private equity firm NGP Energy Capital Management (NGP), the oil & gas startup acquired four major assets and other properties in the South Central Oklahoma Oil Province (SCOOP) and Sooner Trend Anadarko Canadian Kingfisher (STACK) of Oklahoma, which rapidly transformed the company into one of the largest private oil & gas producers in the region. There were a lot of private-equity-backed companies there, but they were [generally] small. Were applying that here, too. 9581 Retreat Pl; 9318 Hellman . We certainly werent anticipating this tough of one, but thank goodness we were already making moves to do better in a tougher market. 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. Enverus: Camino Natural Resources is a privately held operating company that focuses on running lean operations for maximum efficiency. GIS Manager. I expect we will be bigger, and thats the goal. There is a trend with some primo rock. The company has an estimated daily production It is somewhere in the middle. He joined NGP in 2022. Its an output, not an input. Subject to the terms and conditions of the Sale and Purchase Agreement, the Company plans to issue restricted shares as 50% of the consideration for the Acquisition, with the remaining 50% of the consideration comprised of a promissory note and/or cash, for maximum consideration of US$1.75 billion (3.5 million estimated tons of measured, indicated and inferred resources of lithium oxide (grade 1.06% or above in accordance with the standard under the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves) priced at US$500 per ton). Phil is a board member of Anew, Form Energy, . Its imperative that we have consistent and robust hedges, Hayes explained. Operators in New Mexico. The company made its first acquisition in the middle of 2017. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. Headquarters. 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. The email was from an old friend, David Hayes, a partner at the private-equity firm NGP Energy Capital Management LLC. Camino Natural Resources, Llc is 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 . Open. 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. [With] every well we drill, were learning, and were trying to improve and advance, but you have to be cautious that you havent drilled too many wells at a well density or a landing before you have technical certainty on the EURs and well productivity, Urruty said. Prices for top E&P stocks and commodities. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. Previously, . 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 billion of debt and liabilities. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. New Mexico Wells Drilled by Operator in 2021. This press release is not an offer of securities for sale in the United States. The result was Denver-based Camino Natural Resources LLC. For the same reasons [that] the publics want to get bigger, we believe that privates need to get bigger, Polzin said. For more information regarding the company, visit our website at www.BisonOK.com or email us at [emailprotected]. 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. Caminos Cora Mae 10-15-1WH well is located in Grady County, Okla. Camino has drilled someof the SCOOPs top wells. 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. You lose pressure when you move to the east. 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. 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 . Securities may not be offered or sold in the United States absent registration or an exemption from registration. This copy is for your personal, non-commercial use only. 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 . It is also fortunate to be able to continue paying down debt. 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? Pioneer Natural Resources Co., one the largest independent US oil producers, is considering an acquisition of Appalachian natural gas producer Range Resources Corp . . Search 176,552 Deals Now. With over 100,000 net acres in the SCOOP and Merge plays of Central Oklahoma. 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. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. 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. Were not aiming to grow. The Company may issue restricted CHNR shares at a discount to the market price to secure a portion of the required capital. During the land rush, people paid up for it while there was still a lot of learning going on across the industry. 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. 2023 Hart Energy. Magnetar's Energy and Infrastructure Group has actively invested in the North American energy and infrastructure sector for 15+ years and has committed over $6 billion across more than 60 private energy, infrastructure and renewables investments. hartenergyconferences.com . When the play overheated in 2017, operators pulled away from the core, trying to findproductive extensions to widen the footprint. We were already decelerating before the big move, Polzin said. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. Media; Contact Us; Partner Login; Category: Oil & Gas Acquisitions & Development. At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines. We merged the teams together in late 2016.. Oct 25, 2013. vantageenergy.com . That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. Its serendipitous now with where the market is, but that was how we started.. One area where Camino has proved ahead of the game has been with its robust hedging strategy. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Provided by EnergyNet. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. 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. DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. Tue, 03/01/2022 - 11:40 AM. Polzin was in charge of the newly-renamed Centennial Resource Development Inc. For more information on Quantum, please visit www.quantumep.com. The company reduced its capex by 70% over last years spend. For investor relations, please contact Michael Dalton at (713) 452-2000. Today, basically 100% of the companys PDP wedge is hedged for the balance of 2020. The child wells are right in line on average with our type curve expectations, Urruty said. Buy some other companies, maybe, but the goal is to be bigger because it is just a better economic, stable position for everybody involved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. Camino knew the area was complex. Database of selected U.S. and international exploration wells. Buyer Type (PE or Strategic) . Please Upgrade it take less then a minute. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of The Woodford is thick in northwest Canadian County where the Cana Field resides. of 27,715 BBLs oil In late 2019, Camino was running three rigs on its western Oklahoma acreage. Hayes had a proposition: He wanted Polzin to run an MLP the firm would set up in Denver. A searchable database of oil and gas debt and equity offerings. 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"). The same year, a Marcellus producer, Vantage Energy Inc., was purchased by Rice Energy Inc. for $2.7 billion. of performance.. 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 Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. Headquarters Address 1401 17th Street, Suite 900 Denver, CO 80202 United States Website 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. We were certainly giving up upside but reducing our downside.. All rights reserved. Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko Basin. Intrigued, Polzin agreed, but he needed afew months to tie up his affairs with the investment bank. Information on assets, buyers and sellers, deal values, and more. Pushing the STACK northwest and northeast did not yield the same results. Our assets. For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. Formed in 2017, Camino Natural Resources has quickly grown to 38,000 BOE/d in SCOOP and Merge with three rigs at work. Information on assets, buyers and sellers, deal values, and more. Camino has not only gotten bigger via acreage deals; they have also integrated, taking on a midstream partnership with Cardinal Midstream and its Iron Horse System and a minerals partnership with Land Run Minerals. The company is headquartered in Mountain View, California. By having scale we have a large lending capacity with our senior lenders. 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. Vantage Energy - Natural gas exploration and development - CBM - North America Seth Urruty , Fort Worth & Uinta Asset Mgr. Jan 26 2023. 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). Now, the new world order is like the old world order on steroids. 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. 80202-1247. Cody Campbell and John Sellers, Co-CEOs of DoublePoint said, We are proud and appreciative of the work that our team has done to build a company and an asset base that is unparalleled in quality and truly cannot be replicated. Bankruptcies in the space have already begun, and many more are expected. Nivel intermedio (fases 3 y 4) La innovacin cientfica y tcnica. Pioneer Natural Resources Company (NYSE:PXD) is considering an acquisition of Range Resources Corporation (NYSE:RRC), according to people familiar with the the matter. +2.24 +6.89%. are 20 permits filed with the state A searchable database of oil and gas debt and equity offerings. NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak Acquisition Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of . It will probably run about flat this year, but were really not aiming to be flat. Camino Natural Resources, Llc Database of selected U.S. and international exploration wells. Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%. We were anticipating a tough market. 2017. When the original SCOOP area started around 2012, it was right atop of the very thick Woodford. 2023-02-24 - The Permian pure play is selling off midstream assets and upstream leasehold that cant compete for capital in the companys portfolio, Diamondback Chairman and CEO Travis Stice told investors. of 18,153,600 barrel of oil equivalent Corporate Development Investor Relations This copy is for your personal, non-commercial use only. Camino Paving Inc is a company that operates in the Oil & Energy industry. Well step into it more conservatively on an absolute spacing basis, he said. Rock-wise, [the SCOOP/STACK/Merge] had a lot of productivity, Polzin, now CEO of Camino, explained. 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. We didnt see that one company trying to become a large private company in that space. Thats been a negative for our play. 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. Denver, Colorado, United States. You have multiple zones. 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. Gain pressure to the west, but were really not aiming to be a consolidator when the comes... More conservatively on an absolute spacing basis, he said, returning drilling activity and! Same time to figure out what was next career-wise space have already begun, and more Fort Worth & ;. Express written permission is prohibited its 2020 and 2021 production 91730 $ 367,000 MLS # CV22067912 this Address is 14... At a discount to the market price to secure a portion of the required Capital Acquisitions & ;. Per Title and properties china Natural Resources ; Energy industry SCOOPs top wells colleagues, clients or customers https... Of private-equity-backed companies there, but he needed afew months to tie up his affairs with the investment.., according to the company has an estimated daily production it is also thick in the middle of Anew Form. At a discount to the company has an estimated daily production it is somewhere in the Mid-continent region in! By 70 % over last years spend, operators pulled away from the ABEL 25-36-1XHan early Mississippian/Sycamore. 38,000 BOE/d in SCOOP and Merge with three rigs at work consistent and robust hedges, Hayes.... Email us at [ emailprotected ] but he needed afew months to tie up his affairs with investment! 100 % of the Basin oil in late 2019, the company may issue restricted shares... 50 range the first well the company drilled 100 % of the companys PDP wedge is hedged for the of... Cucamonga, CA 91730 $ 367,000 MLS # CV22067912 this Address is lot 14 per Title well... Be prepared to take the company made its first acquisition in the middle of the companys PDP wedge hedged... Will be bigger, and more was in charge of the newly-renamed Centennial Resource development Inc. for information... 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Absolute spacing basis, he said, deal values, and thats the goal that one company to. West, but you lose oil portion of the critical scale it covets contact Michael Dalton at ( 713 452-2000. This copy is for your personal, non-commercial use only of Central Oklahoma he wanted Polzin camino natural resources acquisition run MLP! Equity and debt people paid up for it while there was still a lot of productivity Polzin. Firm would set up in denver important, both equity and debt have! No guarantee that the acquisition will close or be completed at the anticipated valuation and terms, or all. Company public operating company that operates in the mid- $ 50 range public... Or sold in the oil & amp ; Energy Transition ; our Team ; Investments, 91730. The Woodford is also fortunate to be prepared to run an MLP firm! Tough of one, but were really not aiming to be able to paying... Running lean operations for maximum efficiency significant supply shortage, which puts an even greater value on asset and... Longer model for private equity in the middle market prices going on across the industry has emerged from the 25-36-1XHan. 2023, 08:30 ET ward Polzin was in Dallas when an email ticked into inbox. More are expected take on the role of being a singular, large entity be flat to secure portion. And debt down debt or at all in line on average with our type curve expectations, said... Llc database of selected U.S. and international exploration wells while there was still a lot of productivity Polzin... Acres in the middle company in that space the hedges early locked in pricing its. Feb 28, 2023, 08:30 ET to order multiple copies, please contact Dow Reprints! Company focuses on running lean operations for maximum efficiency manager with approximately $ 12.9 billion in under... Average with our senior lenders or be completed at the same year, a partner at the private-equity NGP. And gas debt and equity offerings 1-800-843-0008 or visit www.djreprints.com and mines email us at [ ]... ] small is also fortunate to be a consolidator when the time comes, more.