Earl Reynolds, CEO of Chaparral Energy (ticker: CHAP), was the presenting executive for Chaparral at EnerCom’s The Oil & Gas Conference Aug. 20-22, 2018 in Denver, Colorado.
Reynolds joined Chaparral in 2011 as an executive vice president and chief operating officer before being named as the company’s president in 2014 and its chief executive officer in 2017.
Reynolds was interviewed by Oil & Gas 360’s Angie Austin at the EnerCom conference.
Chaparral is focused on developing significant assets in Oklahoma’s STACK play.
The highly economical STACK Play in central Oklahoma is home to several oil and gas formations that sit stacked atop one another. These formation layers are vertically stacked hundreds to even thousands of feet on top of each other, creating overlapping layers known as “stacked pays.”
Stacked pays allow operators, such as Chaparral, access to drill multiple formations from a single location. With the ability to drill up to 16 separate horizontal wells from a single vertical wellbore, the STACK provides excellent cost efficiencies, improved oil and gas recoveries and an overall smaller surface footprint.
Chaparral has approximately 119,000 net surface acres with stacked-pay potential in the Oswego, Meramec, Osage, Woodford and Hunton formations.
Oil & Gas 360 Exclusive Interview: Earl Reynolds, CEO, Chaparral Energy
