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Chaparral Energy, Inc. (CHAP) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2019

Chaparral Energy, Inc.

CIK: 1346980 Ticker: CHAP


Exhibit 99.1

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Chaparral Energy Announces Third Quarter 2019 Financial and Operational Results
Oklahoma City, November 11, 2019
- Chaparral Energy, Inc. (NYSE: CHAP) announced today its third quarter 2019 financial and operational results. The company will hold its quarterly earnings call Tuesday, November 12, at 9 a.m. Central.

Recent Highlights
Achieved third quarter 2019 total production of 26.2 thousand barrels of oil equivalent per day (MBoe/d) and STACK production of 21.5 MBoe/d, despite ethane rejection elections which lowered production by 0.5 MBoe/d, both within the guidance range and a 23% and 37% increase from the third quarter of 2018, respectively
Reported net loss of $130.9 million for the third quarter of 2019, or $2.86 per share, primarily driven by a $147.7 million non-cash ceiling test impairment; adjusted net income, as defined below, of $1.2 million, or $0.03 per share
Generated third quarter 2019 adjusted EBITDA, as defined below, of $35.8 million, an increase of 4% compared to the previous year despite oil (WTI) prices and natural gas liquids (NGLs) realizations decreasing approximately 19% and 52% over the same time period
Proactively reduced operated rig count from three to two rigs in October
Optimizing a one to two rig program in 2020 that will significantly reduce capital spend year over year, while growing production and allowing the company to become cash flow neutral
Decreased full year 2019 capex guidance to $260 to $280 million from $275 to $300 million, while maintaining full year production guidance at 25.0 to 27.0 MBoe/d
Reduced $18.1 million of debt through the sale of the corporate headquarters facilities and elimination of CO2 compressor leases




The following information was filed by Chaparral Energy, Inc. (CHAP) on Tuesday, November 12, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets (Unaudited) (Parenthetical)
Consolidated Statement Of Stockholders' Equity (Unaudited)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Operations (Unaudited)
Asset Retirement Obligations
Asset Retirement Obligations (Details)
Asset Retirement Obligations (Tables)
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt
Debt (Components Of Debt) (Details)
Debt (Credit Agreement) (Details)
Debt (Senior Notes) (Details)
Debt (Tables)
Deferred Compensation
Deferred Compensation (Cash Awards) (Details)
Deferred Compensation (Company-Wide Stock Award) (Details)
Deferred Compensation (Equity Awards) (Details)
Deferred Compensation (Restricted Stock Awards) (Details)
Deferred Compensation (Restricted Stock Units) (Details)
Deferred Compensation (Stock-Based Compensation Cost) (Details)
Deferred Compensation (Tables)
Deferred Compensation (Valuation Of Awards) (Details)
Derivative Instruments
Derivative Instruments (Balance Sheet At Fair Value) (Details)
Derivative Instruments (Derivative Gains (Losses) In The Consolidated Statements Of Operations) (Details)
Derivative Instruments (Summary Of Derivatives Outstanding) (Details)
Derivative Instruments (Tables)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Counterparty Credit Risk) (Details)
Fair Value Measurements (Derivatives Offset In Balance Sheet) (Details)
Fair Value Measurements (Inflation And Discount Rate) (Details)
Fair Value Measurements (Level 3 Rollforward) (Details)
Fair Value Measurements (Other Financial Instruments) (Details)
Fair Value Measurements (Recurring) (Details)
Fair Value Measurements (Tables)
Leases
Leases (Balance Sheet Disclosures) (Details)
Leases (Financing Leases) (Details)
Leases (Impact Of Adoption) (Details)
Leases (Lease Assets And Liabilities) (Details)
Leases (Lease Assets And Liabilities, Additional Information) (Details)
Leases (Lease Maturities) (Details)
Leases (Operating Leases) (Details)
Leases (Short Term Leases) (Details)
Leases (Tables)
Nature Of Operations And Summary Of Significant Accounting Policies
Nature Of Operations And Summary Of Significant Accounting Policies (Cash And Cash Equivalents And Accounts Receivable) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Income Taxes) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Inventories) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Joint Development Agreement) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Other Expense) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Policies)
Nature Of Operations And Summary Of Significant Accounting Policies (Property And Equipment, Net) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Reorganization Items) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Revenue Recognition) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Tables)
Nature Of Operations And Summary Of Significant Accounting Policies (Unevaluated Oil And Natural Gas Properties) (Details)
Supplemental Disclosures To The Consolidated Statements Of Cash Flows
Supplemental Disclosures To The Consolidated Statements Of Cash Flows (Details)
Supplemental Disclosures To The Consolidated Statements Of Cash Flows (Tables)

Material Contracts, Statements, Certifications & more

Chaparral Energy, Inc. provided additional information to their SEC Filing as exhibits

Ticker: CHAP
CIK: 1346980
Form Type: 10-Q Quarterly Report
Accession Number: 0001346980-19-000069
Submitted to the SEC: Tue Nov 12 2019 8:45:59 AM EST
Accepted by the SEC: Tue Nov 12 2019
Period: Monday, September 30, 2019
Industry: Crude Petroleum And Natural Gas

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