Chaparral Energy, Inc. (CHAP) 10-Q Quarterly Report Tue Aug 14 2018

Oklahoma City, August 14, 2018 — Chaparral Energy, Inc. (NYSE: CHAP) today announced its second quarter 2018 financial and operational results with the filing of its form 10-Q. The company will hold its quarterly financial and operating results conference call this morning, August 14, at 9 a.m. Central.

Second Quarter Highlights and Recent Key Items

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Grew STACK production 44% on a year-over-year basis to 13,198 barrels of oil equivalent per day (Boe/d)

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Reported a net loss of $22 million driven by a $27 million non-cash loss associated with commodity derivatives

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Generated adjusted EBITDA, as defined below, of $26.9 million

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Brought online 17 new gross operated wells, 11 of which were part of its joint venture drilling program

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De-risked approximately 50% of its Garfield County position and 80% of its Canadian County Meramec Merge position

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Increased 2018 STACK full year production guidance to 13.0 - 14.0 MBoe/d, due to strong operational results and higher working interests

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Increased 2018 full year total production guidance to 19.0 - 20.0 MBoe/d

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Raised 2018 CAPEX guidance to $300 - $325 million primarily due to higher working interests, cost inflation associated with its joint venture program, acreage acquisitions and the addition of a fourth operated rig in late 2018

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Decreased 2018 cash general and administrative (G&A) expense per Boe guidance to $3.50 - $4.00

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Issued $300 million of unsecured senior notes due in 2023

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Uplisted to the New York Stock Exchange (NYSE), under the new symbol “CHAP”

The following information was filed by Chaparral Energy, Inc. (CHAP) on Tuesday, August 14, 2018 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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Assess how Chaparral Energy, Inc.'s management team is paid from their Annual Proxy

Chaparral Energy, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

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

Exhibit 10.4: Material Contract

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: CHAP
CIK: 1346980
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-18-021523
Submitted to the SEC: Mon Aug 13 2018 6:40:27 PM EST
Accepted by the SEC: Tue Aug 14 2018
Period: Saturday, June 30, 2018
Industry: Crude Petroleum And Natural Gas

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Chaparral Energy, Inc. (CHAP) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2018

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