4 Current Macro & Industry Outlook The current macro environment has presented significant challenges to the global economy COVID-19/Saudi/Russia Actions taken in early March by Saudi Arabia and Russia combined with the rapid global…
5 Strategy Anchored to Strengths Experienced Flexible Technical Low Cost Management Development Excellence Operator Team Strategy Extensive experience Differentiated results Large held-by- Low cost operator developing…
6 Mid-Con Operator in Oil Window of Anadarko Basin Geologically Advantaged Nemaha Ridge Core acreage in sweet spot of oil window Moderately pressured Distanced from Nemaha Ridge Large Oil Rich Production Base 30.7 MBoe/d Q1…
7 Operational Overview
8 Core Area Subsurface N Play Attributes Multiple reservoirs proximal to the world-class Woodford source rock Efficient hydrocarbon stratigraphic trap creates a continuous petroleum system S Garfield Kingfisher Canadian…
9 Detailed Subsurface Data Analysis Enhanced 3D Seismic Imaging Reservoir Enhanced Subsurface Image Combination of 3D seismic and well data using Attributes Facies Volume stochastic inversion and neural networks Canadian County,…
10 Application of Science & Technology Chemical Tracers Finding landing zones, well spacing and frac designs to maximize returns Assess performance of landing zone, fault impacts & well-to-well communication Machine…
Improving Efficiencies D&C and Cost Structure 11 Avg. Drilling Feet per Day Avg. Completion Stages per Day 1,200 15 1,100 FEET DRILLED PER DAY FRAC STAGES PER DAY 1,000 10 900 800 5 700 600 0 1H18 2H18 1H19…
Recent Spacing Performance in Focus Areas 12 Canadian Miss1 South Kingfisher Osage2 80,000 100,000 80,000 60,000 Cumulative BO Cumulative BO 60,000 40,000 40,000 20,000 20,000 - - - 100 200 300 400 500 0 100 200…
13 Focus Areas & Economics Given current pricing environment we have suspended drilling and completions operations Focus areas are 98% held by production Canadian Miss South Kingfisher Osage Focus Areas 50% 50% 40% 40%…
14 Financial Overview
15 Financial Strategy Capital Discipline No long-term contracts, allowing for flexibility in operated development plan Entered 2020 with 2 operated rigs; provided notice of release in early March and both rigs released by April…
Financial Position Financial Position 16 Simple Capital Structure Capitalization Table1 No near-term maturities Pro Forma2 in millions Q1-2020 Q1-2020 Revolving credit facility with borrowing base of 175mm as of April 3, 2020…
18 Building the Foundation for Future Success Low Cost Operational Rapidly Focused on Operator That and Financial Responding Controlling Has Delivered Flexibility to Current Costs on Guidance Environment
19 Appendix
20 2019 Proved Reserves 67% Proved Developed 28% Oil (62% Liquids) (MMBoe) 28% 31.8 34% 1.3 63.4 38% PDP PNP PUD OIL GAS NGL YE 19 Total Proved Reserves1 Net Oil Net Gas Net NGL Net % of Total PV 10 Reserve Category…
21 Non-Core Asset Overview Western Miss Lime Anadarko Basin Mature legacy fields Minimal maintenance capital Southern OK Low decline production base Net Production1 Net Proved Reserves Area Boe/d % Oil MMBoe2 PV-102…
23 Reconciliations Three Months Three Months Ended Ended ( in thousands) March 31, 2020 March 31, 2019 Net (loss) income 4,917 (103,540) Interest expense 6,636 4,564 Depreciation, depletion, and amortization 23,012 23,715…
24 Reconciliations Three Months Twelve Months Twelve Months Twelve Months Ended Ended Ended Ended ( in thousands) March 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 General and administrative 8,068 34,210 38,793…
25 Contact Information Chaparral Energy, Inc. 701 Cedar Lake Boulevard Oklahoma City, OK 73114 Investors Patrick Graham Senior Director of Corporate Finance Investor.Relationschaparralenergy.com 405.426.6700
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