Canvas Energy Inc.
About
Canvas Energy Inc. is a private oil and natural gas exploration and production company headquartered in Oklahoma City.
Founded in 1988, the company was formerly known as Chaparral Energy but unveiled a corporate rebranding in April 2022. Prior to that, Chaparral had emerged from Chapter 11 bankruptcy as a private company in October 2020.
Editor's note: Updated April 20, 2022.
Headquarters Address
4700 Gaillardia Parkway, Ste. 200
Oklahoma City, OK 73142
United States
Website
canvasenergy.comMain Phone Number
Transactions
Marketed: Chaparral Energy Northern Anadarko Basin Package
Marketed: Chaparral Energy Northern Anadarko Basin Package
Marketed: Multiple Chaparral Energy Properties Across Western Oklahoma
Marketed: Multiple Chaparral Energy Properties Across Western Oklahoma
Chaparral Accelerates In Stack With Kingfisher Acquisition
Chaparral Accelerates In Stack With Kingfisher Acquisition
Chaparral Energy’s $170 Million EOR Sale Clears Path To Stack
Chaparral Energy’s $170 Million EOR Sale Clears Path To Stack
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New Financings
Chaparral Energy Inc. has completed its regularly scheduled fall borrowing base…
Chaparral Energy, Inc. said the company’s bank group has completed its regularly scheduled fall borrowing…
Priced $300 million of 8.75% senior unsecured notes due 2023. The company intends to use the net proceeds…
Intends to offer $300 million of senior unsecured notes due 2023 to eligible purchasers and use the net…
Plans to privately place 8.975% senior notes due 2017 to pay debt, fund capex and for general capital…
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News
Oklahoma Shale Driller Chaparral Rebrands as Canvas Energy
“With fresh assets and a strong balance sheet, we have significant flexibility and are able to self-fund our strategy out of operating cash flow,” says Chuck Duginski, CEO of newly rebranded Canvas Energy.
Chaparral Energy Emerges from Bankruptcy as Private Operator
Chaparral Energy is now “better positioned to compete and will look to capitalize on future opportunities with an improved financial and cost structure,” says Chuck Duginski, CEO of the Oklahoma shale driller.
Oklahoma Shale Driller Chaparral Energy Files for Bankruptcy
Oklahoma shale driller Chaparral Energy Inc. filed for Chapter 11 bankruptcy protection on Aug. 16, the latest U.S. energy sector casualty in recent months.
Oklahoma Oil Producer Chaparral Energy Raises Going Concern Doubts
Reuters reported in March Oklahoma oil and gas producer Chaparral Energy was working with debt restructuring advisers as it looks to shore up its cash position.
Chaparral Energy CFO Scott Pittman Resigns
Scott Pittman’s resignation as CFO, made on April 17, was “to pursue other interests” and not related to any disagreement with the company, according to a Chaparral Energy release.
Chaparral Energy Reportedly Working with Debt Restructuring Advisers
Chaparral Energy has hired financial advisers for advice on how to improve its balance sheet, sources said, adding that no debt restructuring move is imminent.
Oklahoma Pure-play Chaparral Energy Regains NYSE Compliance
Chaparral Energy, an operator in Oklahoma’s Stack Play, said it has regained full compliance with NYSE listing standards after the average closing price of its shares fell below the $1 per share requirement.
Oklahoma’s Stack Play ‘A Victim’ Of Pace, Space And More
Fortunately, “the rock is actually good,” Chaparral Energy CFO Scott Pittman told attendees at the recently held DUG Midcontinent conference in Oklahoma City.
DUG Midcontinent: Stacking Up on STACK
This producer has some 132,000 net STACK acres with Meramec, Osage and Woodford.
Bison, Chaparral Enter Into 15-Year Water Infrastructure Agreement
Under the agreement, Bison will exclusively manage all of Chaparral's produced water infrastructure and water hauling logistics within a roughly 1.9 million-acre dedicated area in Oklahoma.
Marketed: Chaparral Energy Northern Anadarko Basin Package
An affiliate of Chaparral Energy retained EnergyNet for the sale of a northern Anadarko Basin opportunity located in multiple Oklahoma counties through a sealed-bid offering closing Oct. 4.
Progression Of Completions
The evolution of designs hastens the U.S. shale boom.
Marketed: Multiple Chaparral Energy Properties Across Western Oklahoma
Chaparral Energy retained EnergyNet for the sale of multiple properties across western Oklahoma through a sealed-bid offering closing May 30.