Chaparral Energy Announces Year-end 2018 Reserves and Provides Operational Update
CHAPARRAL ENERGY INC (CHAP)
Last chaparral energy inc earnings: 3/11 04:45 pm
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Source: GlobeNewswire
OKLAHOMA CITY, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Chaparral Energy, Inc. (NYSE: CHAP) today announced 2018 year-end SEC reserves and preliminary operational results, as well as additions to its hedge portfolio. Highlights Increased year-end 2018 proved reserves to 94.8 million barrels of oil equivalent (MMBoe), up 35% compared to year-end 2017 proved reserves adjusted for 2018 divestitures Increased STACK proved reserves to 73.7 MMBoe, an increase of approximately 49% compared to year-end 2017 proved reserves Replaced 519% of estimated 2018 STACK productionProduced an estimated 21.7 thousand barrels of oil equivalent per day (MBoe/d) for the fourth quarter of 2018Grew STACK production to an estimated 16.6 MBoe/d during the fourth quarter of 2018, up 60% compared to the fourth quarter of 2017Drilled and completed the five-well, Kingfisher County King Koopa partial section spacing test in the fourth quarter of 2018 and encouraged by early resultsFurther strengthened the company’s hed
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