Chaparral Energy Inc. , a privately held company, announced its updated strategic vision, the disposition of non-core southern Oklahoma assets and the acquisition of complementary assets within Chaparral's focus area. In addition, the Company provided an operational update, including recent development drilling results. Strategic Highlights Developed and adopted a refreshed strategic vision emphasizing: Production [...]
Chaparral Energy Inc. announced today that it successfully completed its financial restructuring and emerged from Chapter 11 as a private, non-SEC filing company. Through the efficient execution of its pre-packaged plan of reorganization, which received broad support from its creditors, the Company has equitized all $300 million of its unsecured 8.75% Senior Notes due 2023 , reduced its annual interest expense by more [...]
Chaparral Energy Inc. announced today that the Company has entered into a Restructuring Support Agreement with certain of its funded debtholders to pursue a prepackaged plan of reorganization pursuant to which Chaparral will restructure its balance sheet by equitizing all $300 million of its existing unsecured bond obligations and substantially bolster its liquidity position through $175 million in lending obligations [...]
Chaparral Energy Inc. , announced today its first quarter 2020 financial and operational results. The Company will hold its quarterly earnings call Tuesday, May 12, at 9 a.m. Central. Highlights Achieved first quarter 2020 production of 30.7 thousand barrels of oil equivalent per day , exceeding the high end of guidance Reported net income of $4.9 million for the first quarter of 2020, or $0.11 per share, which included a [...]
Chaparral Energy Inc. announced today it will issue its first quarter 2020 financial and operational results with the filing of its Form 10-Q report on Monday, May 11. The company will also host a conference call to discuss its results on Tuesday, May 12 at 9 a.m. Central. Interested parties may access the call toll-free at 833-557-0547 and ask for the Chaparral Energy conference call 10 minutes prior to the start time [...]
Chaparral Energy Inc. today announced changes in its senior leadership. On April 17, 2020, Scott Pittman resigned as Senior Vice President and Chief Financial Officer of Chaparral to pursue other interests. Mr. Pittman’s departure was not related to any disagreement with the Company or any matters relating to its operations, policies or practices. Chaparral intends to conduct a search to fill the vacancy in the Chief [...]
Chaparral Energy Inc. , announced today its fourth quarter and full year 2019 financial and operational results. The Company will hold its quarterly earnings call Thursday, March 12, at 9 a.m. Central. Highlights Achieved fourth quarter 2019 production of 29.7 thousand barrels of oil equivalent per day , exceeding the high end of guidancez º Delivered full year production, lease operating expense per barrel of oil [...]
Chaparral Energy Inc. announced today that on February 28, 2020, the Company was notified by the New York Stock Exchange that the average closing price of the Company’s shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average share price for continued listing on the NYSE. Under the NYSE’s rules, the Company has six months following [...]
Chaparral Energy Inc. announced today it will issue its year-end 2019 financial and operational results with the filing of its Form 10-K report on Thursday, March 12. The company will also host a conference call to discuss its results that morning at 9 a.m. Central. Interested parties may access the call toll-free at 877-790-7727 and ask for the Chaparral Energy conference call 10 minutes prior to the start time. The [...]
Chaparral Energy Inc. announced today that it has received notification from the New York Stock Exchange that the Company has regained full compliance with all of the NYSE’s continued listing standards. The Company’s common stock continues to trade without interruption on the NYSE. “We are pleased to have regained full compliance with all NYSE listing requirements,” said Chaparral Chief Executive [...]
Chaparral Energy Inc. today announced that its Board of Directors has appointed Charles “Chuck” Duginski as President and Chief Executive Officer, effective December 20, 2019. Mr. Duginski succeeds K. Earl Reynolds in those roles as Mr. Reynolds has resigned to pursue other interests. Mr. Duginski is also joining the Board of Directors as are Michael Kuharski and Mark “Mac” McFarland. Matthew [...]
Chaparral Energy Inc. announced today that on November 11, 2019, the Company was notified by the New York Stock Exchange that the average closing price of the Company’s shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average share price for continued listing on the NYSE. Under the NYSE’s rules, the Company has six months following [...]