Oklahoma E&P Camino Natural Resources is eyeing a sale that could potentially value the company around $2 billion. (Source: Shutterstock.com)
Oklahoma E&P Camino Natural Resources is exploring a sale valued at around $2 billion, according to media reports published on Jan. 30.
Camino’s private equity sponsor, NGP Energy Capital Management, has retained RBC Capital Markets to market a sales process that began earlier in January, Reuters reported.
Hart Energy has reached out to Camino, NGP and RBC for more information.
Camino is one of the top private producers in Oklahoma’s Anadarko Basin, where it holds around 135,000 net acres. The company currently manages around 360 producing wells in Oklahoma, according to state data. Production is reportedly expected to average about 81,000 boe/d (~50% natural gas) in 2025.
With asking prices for Permian Basin assets sky-high, producers have taken a harder look at M&A opportunities left in the Midcontinent.
This week, Diversified Energy announced plans to acquire EIG-backed Maverick Natural Resources for $1.275 billion. Maverick holds a large position in the western Anadarko Basin; the deal also includes Maverick’s Permian holdings.
In September 2024, private producer Validus Energy struck a deal to acquire Oklahoma E&P Citizen Energy for over $2 billion.
SandRidge Energy closed a $144 million acquisition of western Anadarko assets from Upland Exploration last fall. Upland was a leading developer in the Cherokee window of western Oklahoma.
Mach Natural Resources has also been a consolidator in the Midcontinent, closing two Oklahoma transactions last fall for $136 million. Mach is led by former Chesapeake and SandRidge executive Tom Ward.
RELATED
Recommended Reading
Court Rejects Activists’ Protest of Woodside LNG Pipeline Project
2025-03-31 - Woodside Energy Group prevailed against environmental groups’ arguments to stop a pipeline to Louisiana LNG in a case that originated before the Australian company bought the project.
US Tariffs on Canada, Mexico Hit an Interconnected Crude System
2025-03-04 - Canadian producers and U.S. refiners are likely to continue at current business levels despite a brewing trade war, analysts say.
Venture Global Asks FERC to Open Next Plaquemines LNG Block
2025-03-03 - The additional train start-up of Venture Global’s Plaquemines LNG facility would bring the overall project halfway to completion.
14 Energy Execs Send Open Letter to Canadian Government
2025-03-26 - The leaders requested the government to ease environmental regulations and encourage investments to expand the country’s energy industry.
Venture Global Asks FERC to Approve Calcasieu Pass Opening
2025-03-25 - Shell’s CEO says he expects an update to the company’s ongoing arbitration with Venture Global.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.