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Chaparral Energy, Inc. reported that the company’s bank group has completed its regularly scheduled fall borrowing base redetermination and reaffirmed the borrowing base at $325 million.
As of June 30, 2019 the company had approximately $33 million in cash and cash equivalents and $85 million drawn on the borrowing base.
The company’s next regularly scheduled semi-annual borrowing base redetermination will be in the spring of 2020.
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