Chaparral Energy Announces Robust Results from Recent Canadian County Spacing Tests
CHAPARRAL ENERGY INC (CHAP)
Last chaparral energy inc earnings: 3/11 04:45 pm
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Source: GlobeNewswire
OKLAHOMA CITY, May 28, 2019 (GLOBE NEWSWIRE) -- Chaparral Energy, Inc. (NYSE: CHAP) today announced an operational update for its recent 11-well cube style, co-development Foraker spacing test, as well as its three-well Denali partial spacing test in Canadian County. The company also announced participation in several upcoming investor conferences. Recent Highlights • Continued excellent performance from drilling and completion capital program wells has increased total company production to more than 28,000 Boe/d and forecasted second quarter 2019 production is expected to be above the high end of its previously announced guidance range of 26,000 - 27,500 barrels of oil equivalent per day (Boe/d) • Announced average 30-day initial production (IP) results for all 11, single-mile Foraker wells of 1,357 Boe/d, with 48% oil Achieved average 30-day IP results for all nine Meramec wells of 1,491 Boe/d, with 50% oilReached average 30-day IP results for the two Woodford wells of 754 Boe
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