On August 16, 2020, Chaparral Energy Inc., an Oklahoma City-based independent oil and natural gas exploration and production company, and several affiliates filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 20-11947). The Company reported total assets of $595.2 million and total liabilities of $522.3 million. On August 15, the company announced it entered into a restructuring support agreement with 78% of its revolver lenders and 78% of the senior noteholders, commencing solicitation of a prepackaged plan on the same date. Additional information regarding the Debtors and their cases can be found here.
Cole Schotz does not represent the Debtors in these cases. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.