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Chaparral boosts STACK reserves 49% during 2018
During 2018, Chaparral Energy increased its proved reserves 35% to 94.8 MMboe (34% oil, 27% NGLs, 57% PD), adjusting for divestitures. Its STACK proved reserves of 73.7 MMboe rose 49% from YE17 to YE18, replacing 519% of production from that play. STACK output averaged 14,500 boe/d in 2018, up 52% YOY.“Our premier STACK assets continue to build economic proved reserves and provide significant long-term drilling opportunities,” said CEO Earl Reynolds. “Although the recent drop in commodity prices has created......
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