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 said.
Its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were between $385-$390 million for 2013, the company noted.
Additionally, 2013’s production was roughly 9.75 million BOE, Chaparral noted. Its proved reserves’ value at Dec. 31, 2013 was $158.5 million BOE, with a PV-10 value of $2.3 billion, the company added.
Chaparral Energy, based in Oklahoma City, is an oil and natural gas E&P company.
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