Chaparral Energy to acquire Calumet Oil

By OGJ editors
HOUSTON, Sept. 20 -- Chaparral Energy Inc. plans to acquire Calumet Oil Co. and certain affiliates for $510 million. The transaction involves production of 4,600 boe/d and proved reserves of 309 bcf of gas equivalent.

Chaparral of Oklahoma City said the acquisition fits with its existing enhanced oil recovery program. Calumet's properties are mainly in Oklahoma and Texas, including assets in the North Burbank oil field.

North Burbank is in the early phases of an EOR polymer flood. Chaparral plans to include carbon dioxide injection, return more than 400 wells to production, and perform horizontal infill drilling in the tighter portion of the Bartlesville reservoir.

The transaction is expected to close in the fourth quarter.

Related Articles

Chaparral to acquire Cabot’s Anadarko Marmaton assets

10/17/2013 Chaparral Energy Inc., Oklahoma City, will double its holdings in the Oklahoma Panhandle Marmaton play with acquisition from Cabot Oil & Gas Co...

EPA fines Chaparral Energy, Hunt Oil for CWA violations

10/22/2009 The US Environmental Protection Agency fined Chaparral Energy LLC and Hunt Oil Co. for separate Clean Water Act violations, the federal regulator&r...

Chaparral Energy, United Refining to merge

10/14/2009 Privately owned independent Chaparral Energy Inc., Oklahoma City, and publicly held United Refining Energy Corp., a special purpose acquisition com...

Chaparrel Energy, Edge Petroleum call off merger

12/17/2008 Chaparral Energy Inc. has called off a merger agreement between its subsidiary, Chaparral Exploration LLC, and Edge Petroleum Corp.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected