Friday, December 27, 2024

Chaparral Energy Closes EOR Sale for $170 Million

Chaparral Energy, Inc. (ticker: CHPE) closed the sale of its North Burbank and Texas Panhandle enhanced oil recovery (EOR) assets. The properties sold to Perdure Petroleum LLC represented approximately 5,700 BOEPD of the company’s 24,500 BOEPD of total production. “We are pleased to announce that the close of this sale effectively completes Chaparral’s transition to a pure-play STACK operator,” said