Every December, The Crude Life looks back at some of the year’s best highlights, personality profiles and news nuggets of note. This year, the Year In Review enters it’s 10th year. Here is today’s feature is an interview Ward Polzin, CEO, Camino Natural Resources, LLC.
The Crude Life Content News Correspondent Ken Lavin scores an exclusive interview with Ward Polzin, CEO, Camino Natural Resources, LLC, less than a day after he returned from Antarctica.
“My wife and I just got back from 30 days in Antarctica. It was a trip of a lifetime.” Polzin said. “There’s some consistencies that we all have in this industry. We are outdoors people, we like animals, we like geology, and that’s what Antarctica brought… we went 8000 miles on a ship… lots of things stood out, penguins galore, icebergs. At one point we were in a colony of 200,000 penguins.”
The two continued to discuss Antarctica and some of the unique attributes that part of the world brings.
“There’s now predators on land for a penguin, so they are not scared of you,” Polzin said. “It’s great to get up that close to see wildlife, geology and nature.”
The interview also covered specific oil and gas topics too. Like what Camino Natural Resources is currently do in the oilfield. According to Polzin, they are currently operating three rigs in Oklahoma
“We just added the third, kinda approximately in the middle of this last year so we are going to see production growth this year in 2022 of about 20-percent over 2021,” Polzin said. “And then even if we keep those three rigs and keep those flat over a give-or-take-five year period, we’ll have about a 10-15% growth rate. So we as you can see we are not trying to grow massively, but we are definitely trying to grow.”
Polzin talks about all the different issues in oil and gas right now – ESG, Ukraine, high oil prices – and advises to be cautious with moves, commitments and financing.
“We need to be really careful right, that those higher oil prices do not bring some unintended consequences to our industry,” Polzin said. “So we just need to keep doing what we do, extremely well, and add a little production where we can.”
Camino Natural Resources is an independent oil and natural gas company operating in the core of the SCOOP and Merge plays of Central Oklahoma. 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.
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