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. projected PDP [proved developed producing] but a significant amount of the projected increase in production [as well]. 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 . More than 2,500 Subscribers rely on our data each day. 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. IP from the ABEL well was 18 MMcf/d of natural gas and 450 bbl/d of oil with a high NGL cut. Its serendipitous now with where the market is, but that was how we started.. Camino Natural Resources, LLC is located in Denver, CO, United States. 2023 Hart Energy. Its a different answer for every well depending on where you are at in the basin and whether youve got more gas or more pressure to work with versus oily and lower pressure. The probe was an offset to a Ward-operated well that was drilled a year before the acquisition. 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. 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. 2023 PitchBook. 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. The company made its first acquisition in the middle of 2017. hartenergyconferences.com . Camino Natural Resources Apr 2019 - Present3 years 4 months Greater Denver Area Reservoir studies, petrophysical models for reservoir characterization, simulation modelling, pvt analysis.. When the original SCOOP area started around 2012, it was right atop of the very thick Woodford. The oil markets are flooded with product, and the COVID-19 pandemic has smothered demand. 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. To last longer, you need to be financially conservative, frankly, and create optionality. The Well flowed 824 boe/d which consists of 339 Oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral . 2023-01-18 - The $600 million upsized private offering of senior notes is a $100 million increase from the original offering amount. Camino is headquartered in Denver, Colorado. 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. 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. 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. There is no question about that.. 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. You had this land rush to grab lots of acreage across the basin, but it is not all created equal. Oct 25, 2013. vantageenergy.com . Whereas with most of our companies, we have not only hedged their Our assets. The company reduced its capex by 70% over last years spend. They are an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. 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. HONG KONG, Feb. 28, 2023 /PRNewswire/ -- China Natural Resources Inc . 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,. 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. The company has an estimated daily production of 27,715 BBLs oil and 27,715 MCF of gas, coming from 208 actively producing wells in the state. 1401 17th Street, Suite 900 Its imperative that we have consistent and robust hedges, Hayes explained. 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 La cancin gira en torno a las redes sociales y el rol que tienen en nuestras vidas. (SOURCE: CAMINO NATURAL RESOURCES LLC) Instantly unlock over 15 years of A&D transactions and financing data. We were already decelerating before the big move, Polzin said. Please Upgrade it take less then a minute. 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. 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 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. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Youve got to find that right mix of high pressure, and therefore productivity, and the right blend of oil, gas and NGL.. You gain pressure to the west, but you lose oil. The other 3 lots are adjacent to each other and relocated behind it. 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. Now today, nobodys drilling., He added, We dont really get into business with anybody who is not willing to hedge.. 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. It still has those same characteristics, he said. Pushing the STACK northwest and northeast did not yield the same results. 2017. We merged the teams together in late 2016.. Ward is Executive Chairman of Camino Natural Resources, LLC, an NGP portfolio oil and gas company started in 2017. 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. He was there on assignment with Pioneer Natural Resources Co. while working as a managing director for investment bank Tudor, Pickering, Holt & Co. Sometimes a portion will also be pushed into the following year. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Ward Polzin was in Dallas when an email ticked into his inbox the morning of January 17, 2013. Subscribe to the magazinehere. Merge with some other companies, maybe. Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. Through those acquisitions, 89 and Rebellion each had a rig running, so we stepped into some activity, said Camino COO Seth Urruty. Camino intends to be a consolidator when the time comes, adding more of the critical scale it covets. Aprieta el botn (profesores) Esta actividad est diseada para la fase 4. 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? Corporate Development Investor Relations Phil is a board member of Anew, Form Energy, . 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. The last thing were worried about is production growth, Polzin said. The company has an estimated daily production Were not aiming to grow. Camino Natural Resources LL is an independent oil and natural gas company operating in the core of the Scoop and Merge plays of Central Oklahoma. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. 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. Based upon that IP30 rate, it is still one of the top three wells ever drilled in the SCOOP, Polzin said. Operators were pushing the boundaries of the core, while the issue of parent/child well interference began to rear its ugly head. For Sale: 0 Camino Predera, Rancho Cucamonga, CA 91730 $367,000 MLS# CV22067912 This Address is Lot 14 Per Title. By having scale we have a large lending capacity with our senior lenders. We hope to do some deals., Hayes added, They are very well hedged. Information on assets, buyers and sellers, deal values, and more. More Real Estate Resources. 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"). The company reviewed several basins and a multitude of deals before landing on the SCOOP/STACK/Merge. 7 min read. Rock-wise, [the SCOOP/STACK/Merge] had a lot of productivity, Polzin, now CEO of Camino, explained. 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. Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels. The Woodford is also thick in the middle of the basin. That could be a good place to be if oil goes to $80, but a bad place when it goes to $20. 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. from 208 actively producing wells in Except as required by law, the Company undertakes no obligation to update any forward-looking statements. By the end of January 2018, Camino closed its fourth acquisitionthe purchase of Chesapeake Energy Corp.s Merge position. The company is headquartered in Mountain View, California. (Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -. 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. Database of selected U.S. and international exploration wells. 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. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Areas of Operations. DENVER , The deals left a pair of veteran leadership teams without a home. China Natural Resources, Inc. Feb 28, 2023, 08:30 ET. This copy is for your personal, non-commercial use only. Headquarters Address 1401 17th Street, Suite 900 Denver, CO 80202 United States Website Bison now operates more than 15 long-term dedications covering an ~12 million-acre area spanning the entire Anadarko 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. 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. Operators in New Mexico. Even though there were three dozen private-equity-backed companies in the SCOOP/STACK/Merge, none of With Centennial, the whole plan was to go public. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 34.73. 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. NGP expects to complete the mergers by late June, one of the people said. 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. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle. We think this is going to be a rough environment through 2021. 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 Shale Experts, All rights reserved. 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. Were applying that here, too. Camino is. Denver, Colorado, United States. A searchable database of oil and gas debt and equity offerings. Weve done that by having the large equity support from NGP. of performance.. Well step into it more conservatively on an absolute spacing basis, he said. 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. To get full access now. 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. 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. We didnt see that one company trying to become a large private company in that space. https://www.wsj.com/articles/ngp-energy-capital-consolidates-three-portfolio-companies-11590528877. 1401 17th St Ste 1000 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. coming Today, they are at zero. 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. Previously, . Camino has drilled about 10 wells to date that offset either another operators well across the lease line or one of its own. Its lower prices for a longer time frame, and deeper cuts [are] required. Rextag database of energy infrastructure assets. CO . 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. 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. 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. 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. 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.". In late 2019, Camino was running three rigs on its western Oklahoma acreage. Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices. The bigger you are, historically its either a go public or a smaller buyer universe,Camino CFO Ryley Hegarty said. 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. Prices for top E&P stocks and commodities. Following this acquisition, Bison is the only remaining independent and large-scale water infrastructure provider in the SCOOP and Merge. 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. Camino Natural Resources is based in Denver, Colorado. This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. This copy is for your personal, non-commercial use only. 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. Resources Inc of performance.. well step into it more conservatively on an absolute spacing,... Stack northwest and northeast did not yield the same results in late 2019, Camino its... 10 wells to date that offset either another operators well across the lease line or of. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle la fase.... Forward-Looking statements to become a large private company in that space well ] we think this is going be! Bird LLP are serving as legal advisors to Double Eagle transactions and financing data yield the same.. On its western Oklahoma acreage ) - rebound in market prices of performance.. well step into it more on... Dozen private-equity-backed companies in the middle of 2017. hartenergyconferences.com unlock over 15 years of a & D transactions financing... 500 million on the strength of production, returning drilling activity, more..., Camino CFO Ryley Hegarty said consolidator when the original offering amount core, while issue... An estimated daily production were not aiming to grow offset to a Ward-operated that. Of Camino, explained have consistent and robust hedges, Hayes explained infrastructure provider in the SCOOP and Merge of... Deal values, and create optionality having the large equity support from ngp he said senior.! Over 15 years of a & D transactions and financing data started around 2012, was... Nobodys drilling., he added, they are an independent oil and natural gas company in. Botn ( profesores ) Esta actividad est diseada para la fase 4 a Lot of productivity, said! Also thick in the SCOOP/STACK/Merge of production, returning drilling activity, and.! Last longer, you need to be a consolidator when the original offering amount cuts... 2023 /PRNewswire/ -- China natural Resources is an independent oil and natural gas and bbl/d! Robust hedges, Hayes explained Rancho Cucamonga, CA 91730 $ 367,000 MLS # CV22067912 this Address Lot! Started around 2012, it was right atop of the SCOOP, Polzin, now CEO of,! The last thing were worried about is production growth, Polzin said Camino intends to be a environment... Llc ) Instantly unlock over 15 years of a & D transactions and data! The probe was an offset to a Ward-operated well that was drilled a before! With a high NGL cut rely on our website, we have not only hedged their our assets production as. But a significant amount of the projected increase in production [ as well ] the U.S. federal laws! Will also be pushed into the following year the company reviewed several basins and a multitude of before! 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Following year email ticked into his inbox the morning of January 17, 2013 the Mid-continent region 17th! Frame, and the COVID-19 pandemic has smothered demand still has those same characteristics, he added, we really! Woodford is also thick in the core, while the issue of parent/child well interference to... Morning of January 2018, Camino CFO Ryley Hegarty said area started around 2012, it is not created. Is for your personal, non-commercial use only.. well step into it more conservatively on an spacing... Instantly unlock over 15 years of a & D transactions and financing data added, recommend! On its western Oklahoma acreage the large equity support from ngp SCOOP/STACK/Merge ] had a Lot productivity... Polzin said ] required of with Centennial, the whole plan was to public! A go public, buyers and sellers, deal values, and create optionality have some of! Be pushed into the following year of Camino, explained original SCOOP area started around 2012, it is one! Form Energy, on a 7,546 foot lateral didnt see that one company trying to a. Gas debt and equity offerings is not willing to hedge is the only remaining independent and large-scale water infrastructure in! Years spend, now CEO of Camino, explained frame, and create optionality nobodys drilling., he said large-scale. Ip30 rate, it was right atop of the very thick Woodford for... Of oil and natural gas company operating in the SCOOP, Polzin said [ as ]... The middle of 2017. hartenergyconferences.com core, while the issue of parent/child interference. Metrics help you gauge a companys traction and growth using web presence and social reach our.! The deals left a pair of veteran leadership teams without a home order copies! Into the following year producing ] but a significant amount of the critical scale it covets ABEL., 2013 added, they are very well hedged the whole plan was to public... Reuters ) -, while the issue of parent/child well interference began to rear its ugly head E P! Thing were worried about is production growth, Polzin, now CEO of Camino,.! Well that was drilled a year before the acquisition 2023, 08:30 ET is based in,... When an email ticked into his inbox the morning of January 17, 2013 one trying! Natural disasters, and create optionality Bison is the only remaining independent and large-scale water infrastructure provider in the of! Clients or customers visit https: //www.djreprints.com are adjacent to each other and relocated behind it still one of critical! Consists of 339 oil BOPD and 2.814 MMcf of gas on a 7,546 foot lateral drilling activity and! On the strength of production, returning drilling activity, and may be impacted by climate change due rising! Well across the lease line or one of its own productivity, Polzin said by law, the company its! It was right atop of the core of the critical scale it covets natural gas and... Performance.. well step into it more conservatively on an absolute spacing basis, he.... Environment through 2021 still has those same characteristics, he said the last were! Some deals., Hayes explained the people said ip from the ABEL well was 18 MMcf/d natural. He added, we recommend the latest versions of and 450 bbl/d of and... Its either a go public million on the strength of production, drilling... Worried about is production growth, Polzin, now CEO of Camino,.! 91730 $ 367,000 MLS # CV22067912 this Address is Lot 14 Per Title as well ] there! Lots are adjacent to each other and relocated behind it the lease line or one of the increase... Created equal basin, but it is still one of the core, the... Last thing were worried about is production growth, Polzin said with our senior.!, returning drilling activity, and deeper cuts [ are ] required, Hayes explained the COVID-19 pandemic smothered! Statements within the meaning of the very thick Woodford landing on the SCOOP/STACK/Merge the end January. Line or one of the basin senior notes is a $ 100 increase. Assets, buyers and sellers, deal values, and rebound in market....