Chaparral Energy Inc., Oklahoma City, has sold its enhanced oil recovery properties in Oklahoma and Texas to Perdure Petroleum, which Delaware records indicate was formed Sept. 26 as a limited liability company.
The properties produce 5,700 boe/d with injection of carbon dioxide.
The purchase price was $170 million.
Chaparral is concentrating on the STACK play of Oklahoma, where it has 3,500 drilling locations on 110,000 net acres in Kingfisher, Garfield, and Canadian counties.
It once was the third most-active CO2-EOR producer in the US.
