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Chaparral Touts 50% YOY Production Jump in the STACK; Hones Acreage Position
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As part of Shale Experts' June update for the SCOOP/STACK plays, we took a look at Chaparral's latest activity in the play.
Chaparral's Q1 Activity Grew STACK production by 50% on a year-over-year basis to 12,289 barrels of oil equivalent per day (Boe/d) Operated 3 rigs and brought online six new gross operated wellsBrought online six new gross operated wells, one of which was part of its joint venture drilling program, with an average three-stream peak 30-day initial production (IP) rate of 785 Boe/d, of which 75% was liquids
Acreage Position - Non-Core SaleClosed on the previously announced 7,000-acre, bolt-on STACK Play acquisition in Kingfisher County, Oklahoma in January 2018.
In its latest presentation, the company announced that it is in the process of auctioning off its…
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