Thread regarding Chaparral Energy layoffs

Type curves and LOE

When actual Well data doesn’t add up to what management needs they fudge the numbers till they have a positive ROR. Blame poor wells on prices, timing, weather and anything else but themselves and the company. Unfortunately this doesn’t pay the bills and turnover is the only thing that changed since bankruptcy 1. So I have to ask who will continue to fund this company?
The Frog giving the double birds to his team before round 1 was enough for me. That’s the kind of leadership you have here. Sadly the new guys inherited dog poo and this acreage doesn’t work.
What’s next...round 3, I hope not

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| 1654 views | | 4 replies (last )
Post ID: @OP+16vIiSyY

4 replies (most recent on top)

The end is near, no more funding available. More liquidations coming very soon.

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Post ID: @4Aaoa+16vIiSyY

300 million dollar revolver for a company with a PV10 value of maybe 90 million. Investors will never learn.

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Post ID: @4fgd+16vIiSyY

The "Greater Fool" theory may have just run out of runway. This could be the end of a long storied failure. Failure of Leadership at the hands of the FROG and the GREAT PRETENDER are what led to the demise of this company. A person would have to be blind or in self denial not to see that now in hindsight.

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Post ID: @3zci+16vIiSyY

Time to send all this c-ap at auction and liquidate all assets. Stackarral is an embarrassment. To many high paid employees with big titles that don’t know squat.

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Post ID: @gwj+16vIiSyY

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