Chaparral Energy Inc. detailed its 2014 capex budget, and also detailed its year-end 2013 financial update, on Feb. 24.
The current year’s capex budget is between $625 million-$650 million, the company said.
Its lease operating expenses should stand at $13-$13.50 per barrel of oil equivalent (BOE), the company said. Its general and administrative (G&A) expenses should stand at $5.25-$5.75/BOE, the company added.
Additionally, the current year’s production was estimated to stand between 10.4 million-10.8 million BOE, Chaparral noted.
Regarding year-end 2013 financial results, capex spending was $670 million, the company ...