Reuters Lonestar Resources US Inc LONE.O filed for Chapter 11 bankruptcy protection on Thursday, joining a clutch of shale companies that have succumbed to weak crude prices as COVID-19 pandemic crimps fuel demand. Lonestar, which operates in Texas’ Eagle Ford basin and produced roughly 14,000 barrels of oil equivalent per day, had a total debt of $546.3 million as of June 30
Reuters Oklahoma shale driller Chaparral Energy Inc filed for Chapter 11 bankruptcy protection on Sunday, the latest U.S. energy sector casualty in recent months as COVID-19 crushes oil demand. The company’s assets and liabilities were in the range of $500 million to $1 billion, according to a court filing in the U.S. Bankruptcy Court in Delaware. It had around $421
Chaparral Energy Announces Borrowing Base Increase
Earl Reynolds, CEO of Chaparral Energy (ticker: CHAP), was the presenting executive for Chaparral at EnerCom’s The Oil & Gas Conference Aug. 20-22, 2018 in Denver, Colorado. Reynolds joined Chaparral in 2011 as an executive vice president and chief operating officer before being named as the company’s president in 2014 and its chief executive officer in 2017. Reynolds was interviewed
Chaparral Energy, Inc. (NYSE: CHAP) Company Overview Chaparral Energy (NYSE: CHAP) is an independent oil and natural gas exploration and production company headquartered in Oklahoma City. Founded in 1988, Chaparral is a pure-play operator focused in Oklahoma’s highly economic STACK Play, where it has approximately 119,000 net acres primarily in Kingfisher, Canadian and Garfield counties. The company has approximately
Chaparral Energy, Inc. (OTCQB:CHPE) announced it will be transferring its stock exchange listing for its Class A common stock from the OTCQB market to the New York Stock Exchange (NYSE) effective July 24, 2018 and will begin trading under the new ticker symbol “CHAP.” Upon the opening of NYSE trading, the company’s Class A common stock will cease trading under
Chaparral Energy, Inc. (OTCQB:CHPE) announced today it has priced $300 million of 8.750% senior unsecured notes due 2023. The company intends to use the net proceeds from the offering to pay down the outstanding balance of its revolving credit facility and for general corporate purposes. The offering is expected to close on June 29, 2018, subject to customary closing conditions.
From Globe NewsWire Chaparral Energy, Inc. (OTCQB:CHPE) today announced that it has expanded its board of directors from seven to eight members and has appointed David Geenberg as a new independent member of the board, effectively immediately. Chaparral’s board, with the addition of Geenberg, now includes eight members, of which seven serve as independent directors. Shareholders of record will have
Chaparral Energy, Inc. (ticker: CHPE) announced today that it has entered into a definitive purchase agreement to acquire acreage in Kingfisher County, Oklahoma, from a private seller for $60 million in cash, subject to customary post-closing adjustments. Highlights Acquiring 7,000 contiguous net acres in the core of the black-oil window of the STACK play in Kingfisher County The acreage is
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
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