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.
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