As it continues to transition to an Oklahoma STACK pure-play, Chaparral Energy
announced the sale of its North Burbank and Texas Panhandle enhanced oil recovery
(EOR) assets for $170 million to Perdure Petroleum. The deal comes less than a
month after Chaparral struck a DrillCo with Houston’s Bayou City Energy to drill 30
wells in the STACK play. CIBC World
Markets was Chaparral's exclusive
financial advisor in the latest sale.
Following the EOR divestitures, “Our teams will now be able to......
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