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May 05, 2015 5:22 AM 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, 2014, it had estimated proved reserves of 159.4 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

684 Employees

Phone:

405-478-8770

Key Executives for Chaparral Energy Inc.

Co-Founder, Chairman, Chief Executive Officer, Member of Audit Committee and Member of Compensation Committee
Age: 65
President, Chief Operating Officer, Director, Member of Audit Committee and Member of Compensation Committee
Age: 54
Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Treasurer
Age: 60
Senior Vice President of Enhanced Oil Recovery
Age: 52
Senior Vice President of Drilling Operations
Compensation as of Fiscal Year 2014.

Chaparral Energy Inc. Key Developments

Chaparral Energy Inc. Announces Operating Results for the Fourth Quarter and Full Year Ended Dec. 31, 2014 and Earnings Results for the Year Ended Dec. 31, 2014

Chaparral Energy Inc. announced operating results for the fourth quarter and full year ended Dec. 31, 2014 and earnings results for the year ended Dec. 31, 2014. The company reported average total production of 30.1 Mboe/d during the fourth quarter, a 26% year over year pro-forma increase for the sale of Ark-La-Tx properties; a 17% pro-forma year-over-year growth in reserves to 159.4 MMBoe. For the year, Chaparral produced 30,088 Boe/d, of which 54% was oil, 14% was NGLs and 32% was gas. It also grew reserves on a pro-forma basis from 137 MMBoe in 2013 to 159.4 MMBoe in 2014, a 17% increase. Adjusted EBITDA of $455 million was 2014, a 17% year over year increase. Revenues were $681.6 million before the effect of hedging activities, a 15.2% year over year increase. Capital expenditures for 2014 were $752 million, compared to approximately $681 million in 2013. This increase was underpinned by the reinvestment of the proceeds from its approximate $300 million in asset sales. Net income was $209.3 million in 2014, compared to $55.7 million the previous year. Much of this increase was a result of non-cash valuation increases in forward derivatives.

Chaparral Energy Inc., 2014 Earnings Call, Mar 31, 2015

Chaparral Energy Inc., 2014 Earnings Call, Mar 31, 2015

Chaparral Energy Inc. Lay Offs 121 People

Chaparral Energy Inc. announced that it laid off 121 employees at its Oklahoma City headquarters.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 6, 2014
Chaparral Energy Inc., Leasehold Interests in 5 Counties in Texas
Merger/Acquisition
May 30, 2014
Chaparral Energy Inc., Central Basin Properties Located In Texas And Southeast New Mexico
 

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