April 30, 2017 7:16 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Chaparral Energy Inc.

Company Overview

Chaparral Energy, Inc. operates as an independent oil and natural gas exploration and production company in the United States. It is involved in the acquisition, exploration, development, production, and operation of oil and natural gas properties primarily in Oklahoma and Texas. The company also operates CO2 enhanced oil recovery projects. As of December 31, 2016, it had estimated proved reserves of 131.3 million barrels of crude oil equivalent. The company was founded in 1988 and is headquartered in Oklahoma City, Oklahoma.

701 Cedar Lake Boulevard

Oklahoma City, OK 73114

United States

Founded in 1988

343 Employees

Phone:

405-478-8770

Key Executives for Chaparral Energy Inc.

Chief Executive Officer, President, Chief Operating Officer and Director
Age: 56
Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Treasurer
Age: 62
Senior Vice President of Enhanced Oil Recovery Business Unit
Age: 54
Senior Vice President, General Counsel and Secretary
Age: 52
Vice President and Human Resources Manager
Compensation as of Fiscal Year 2016.

Chaparral Energy Inc. Key Developments

Chaparral Energy Inc. - Special Call

To discuss the company’s resource base, 2017 plans and long-term corporate strategy

Chaparral Energy, Inc. Reports Earnings and Production Results for the Year 2016; Provides Production and Capital Budget Guidance for the Year 2017

Chaparral Energy Inc. reported earnings and production results for the year 2016. For the year, the company reported operating loss of $295.464 million compared to $1,577.865 million a year ago. Loss before income taxes was $415.822 million compared to $1,511.063 million a year ago. Net loss was $415.720 million compared to $1,333.844 million a year ago. Net cash provided by operating activities was $47.167 million compared to $19.608 million a year ago. Adjusted EBITDA was $228.269 million compared to $388.749 million a year ago. Total capital expenditure for 2016 were $150 million. For the year, the company produced 24.4 MBoe/d, of which 55% was oil, 16% was NGLs and 29% natural gas. The company’s total year-over-year production declined 13% as a result of a decrease in its capital program while in Chapter 11. Chaparral did, however, record a 35% year-over-year increase in its STACK production, growing from 1.97 MBoe in 2015 to 2.67 MBoe in 2016. The total company production guidance for 2017 is between 8.2 and 8.6 MMBoe. Its total capital budget for the year will be $135 to $155 million, the majority of which will be dedicated to developing its STACK position.

Chaparral Energy Inc., 2016 Earnings Call, Apr 06, 2017

Chaparral Energy Inc., 2016 Earnings Call, Apr 06, 2017

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Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
May 9, 2016
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