Chaparral Energy, Inc. (Chaparral) is an independent oil and natural gas company engaged in the production, acquisition and exploitation of oil and natural gas properties. Its areas of operation include the Mid-Continent, Permian Basin, Gulf Coast, Ark-La-Tex, North Texas and the Rocky Mountains. The Company maintains a portfolio of proved reserves, development and exploratory drilling opportunities, and enhanced oil recovery (EOR) projects. As of December 31, 2007, Chaparral had estimated proved reserves of 987 billion cubic feet of natural gas equivalent (Bcfe). Its reserves were 65% proved developed and 60% crude oil. The Company also had an average daily production of 111.3 million cubic feet of natural gas equivalent (MMcfe) during the year.(Source: 10-K)
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