About us

Chaparral Energy

Chaparral is a testament to American entrepreneurialism — the freedom to succeed. Our story is one that embodies innovation, resourcefulness, creativity, financial responsibility and loyalty to the communities in which we operate.

Co-founded more than 26 years ago by Chairman and Chief Executive Officer Mark Fischer, Chaparral is a privately owned company that has grown to become a major player in the Mid-Continent region, with more than 1 billion barrels of oil equivalent (Boe) and more than 700 employees. And while energy companies are nothing new in Oklahoma, we have set ourselves apart through an entrepreneurial spirit and a determination to explore new avenues for growth.

Our History

Enjoy a quick walk through our company’s rich history.

Leadership

Get to know the people at the helm of our organization.

Accolades

See what others think sets Chaparral apart.

By the Numbers

Mid-Continent surface acres

> 532,000 net

Total Oil and Gas Production

31,000 Boe/d in Q3 2014

Resource Development Production

22,000 Boe/d
in Q3 2014

Enhanced Oil Recovery Production

8,076 Boe/d
in Q3 2014

Oil-focused Reserves as of year-end 2013
Total proven

158 MMboe

Total potential

> 1 billion boe

Corporate Timeline

  • A Pure Mid-Continent Story

    Chaparral completes our transition to a pure Mid-Continent producer with the $300 million sale of our ARK-LA-TX properties. This sale funds planned acceleration of our large horizontal resource drilling inventory and low-risk, stable EOR oil assets.

    With more than 700 employees, $2.5 billion in total assets and more than 1 billion barrels of potential reserves, we are embarking on an exciting new chapter as we accelerate our Mid-Continent program. With leading positions in key plays that offer vast stacked pay opportunities, and having become a leader in CO2 EOR, our potential is boundless. Watch us grow.

    Present
  • Injection Begins on World-class EOR Project

    In June 2013, a CO2 pipeline is completed, running from a Coffeyville, Kansas, fertilizer plant to Chaparral’s North Burbank Unit. Thus CO2 injection begins on this world-class project. With a future net production potential of more than 14,000 Boe/d and recoverable reserves of 88 MMboe, the unit is the largest unitized field in Oklahoma with more than 820 MMboe of original oil in place. It offers the opportunity to become the largest EOR project in the state, potentially a true accelerator for the company and our EOR program. 

    2013
  • First Unconventional Resource Drilling Commences

    Our acquisitions bless us with a material legacy acreage property base that offers significant upside potential. So Chaparral shifts our strategy to acquiring grass-roots leases to supplement our legacy acreage position, and begins exploring our first unconventional reservoirs using horizontal drilling and modern hydraulic fracturing technology. This allows us to access oil trapped in low-permeability rock formations to produce significant returns from plays that had been written off as non-viable.

    2011
  • Strategy Shift Begins

    Given an ongoing sluggish economy and a poor public equity market, Chaparral sells a 36 percent equity stake in the company to a private equity firm, CCMP Capital Advisors, LLC, generating $325 million in new capital allowing the company to continue to grow as we shift from acquisitions to drilling.

    This new strategy, supplemented with more than two decades of successful management, lays the groundwork for even greater success going forward. In fact, by bringing in additional equity and successfully implementing our ongoing capital investment programs, Chaparral receives the Excellence Award for the Turnaround Company of the Year in 2010 form hart Publications’ Oil and Gas Investor.

    2010
  • Economy Stalls, But Not Chaparral

    Thanks to our 2006 oil-price hedge program, when the economy plunges near the end of 2008 and oil prices plummet to $40 a barrel, Chaparral survives intact, while many oil companies meet their demise.

    2008
  • Growing in Stature

    We make our single largest acquisition to date by acquiring Calumet Oil Company out of Tulsa, Oklahoma. Calumet, a pioneer in early Oklahoma oil, had acquired numerous large oilfields. Chaparral funds this acquisition by selling a 25 percent equity stake in the company and entering the public debt market for the first time, with $300 million in high-yield bonds. The acquisition also nearly doubles our employee base and unlocks a vast array of E&P and EOR opportunities. As a result, we become one of Osage County’s largest operators, generating 40 percent of the oil royalties for the Osage Nation.

    To control our debt/risk profile, we also hedge (forward-sell) much of our oil and gas for the next five years for more than $100 a barrel.

    2006
  • Acquisition of Partnership

    To support our increasing appetite for properties and growth, Chaparral reacquires our interest in the Bristol properties for $150 million from our 2000 Bristol Resources acquisition deal.

    Armed with a thorough knowledge of these properties after five years of operations, Chaparral recognizes a tremendous upside for the company with this purchase and still generates a $100 million profit for our partner.

    2005
  • Growing CO2 EOR

    To support our growing CO2 EOR business, Chaparral enters into the CO2 transportation business, acquiring 80 miles of pipeline running from North Texas to the Camrick CO2 Unit. This pipeline in turn delivers 12 million cubic feet per day of captured CO2 to facilitate production growth, tripling our Camrick Unit production to 550 barrels of oil equivalent per day (Boe/d).

    2003
  • Building Our EOR Experience

    Chaparral initiates our own CO2 EOR project from scratch in the Camrick Unit located in the Oklahoma Panhandle. This field once thought to be depleted and unfit for CO2 EOR operations performs exceptionally well, setting the stage for a successful new line of business.

    2001
  • Well-timed Partnership Spurs Additional Growth

    Chaparral makes our first major acquisition, acquiring Bristol Resources for approximately $90 million through a partnership with a leading financial entity. This acquisition greatly increases our presence in several different states and even includes some offshore operations.

    2000
  • First Step Into CO2 EOR

    Continuing to grow, Chaparral seeks new opportunities to convert undervalued oilfields into moneymakers. By acquiring an existing CO2 EOR project from Henry Petroleum in southern Oklahoma we gain our first hands-on EOR experience. Using modern injection techniques, some wells see production more than double.

    1999
  • Thriving, Despite the Market

    Oil prices plummet 80 percent in just a few months, from $40 a barrel to $8 a barrel. Chaparral does more than merely weather the storm. Thanks to prudent financial management and well-timed oil-price hedging we continue to thrive.

    1998
  • A Place to Call Home

    Chaparral purchases an 18,000-square-foot building located on Britton Road for our corporate headquarters in Oklahoma City, providing a true home and base of operations.

    1996
  • From Risk to Reward

    Chaparral excels with a talent for identifying, acquiring and unlocking the value of plays that other companies have written off as having “no remaining potential.” We capitalize on these opportunities by working over wells thought to be depleted, revitalizing production by installing artificial lift techniques. With a strong belief in the upside of secondary water-flooding and tertiary recover processes — particularly carbon dioxide (CO2) enhanced oil recovery (EOR) — Chaparral begins acquiring large, older, depleted multi-well fields. It is an opportunity packed with risk and the chance for big rewards and it pays off.

    1993
  • Early Growth

    Through hard work, Chaparral enjoys early success and continues to grow our property base through acquisitions. With an objective to capture incremental profit margin through oil and gas operations, we establish our Field and Equipment Services Division and open our first field office in Weatherford, Oklahoma.

    1991
  • Chaparral is Born

    Pooling $50,000 apiece from Chairman, Chief Executive Office and Co-founder Mark Fischer and Kitscotty Oil Company (consisting of Fischer’s brother, co-founder and board member, Charles Fischer, and Charles’ partners, Ken McCourt, Ron Japinchuck and Gary Claussen), Chaparral forms in April 1988 with the strategy of acquiring producing properties. A few months later the company acquires five oil-producing properties in Oklahoma’s Panhandle, which generates our first revenues.

    1988

Our Vision

Every well we drill and every acquisition we make prepares us for the rapidly approaching future. It’s a future in which America continues to increase its independence from foreign oil. A future that sees our nation building increasingly vast supplies from reserves that just a few years ago were considered unrecoverable. Every day, we contribute to making this future a reality, focused on the Mid-Continent.
 

Why the Mid-Continent? The Mid-Continent is a key component of America’s energy production. There are significant U.S. onshore oil and gas producing basins here with a deep history of successful exploration and development, and within these basins are multiple levels of stacked pay opportunities. These provide a target-rich environment for our operations both now and for decades to come. Through skillful application of technology, including horizontal drilling and multi-stage fracture stimulation, and by leveraging our EOR experience, Chaparral’s operations in the Mid-Continent can reinforce America’s energy independence.

This vision for the future is our roadmap. By utilizing the most efficient techniques we give our employees the opportunity to perform at their best, and time and time again they deliver. At Chaparral we're preparing for the future, an era of re-energized oil and gas production. It’s a future we'll be proud to lead.

Our Values

Chaparral’s focus on continuous improvement and excellence is created by our people and culture. Our success is fueled by and built on the Chaparral Values, a core set of actions and the values of our people.

We are committed to honesty and ethical practices in every aspect of our business. We respect and value the opinions, ideas and abilities of our employees and stakeholders and recognize the importance of open communication in building successful long-term partnerships. 

We approach every project, both internal and external, with meticulous attention to detail and innovative thought to help us execute at the highest possible level. Though “excellence is its own reward,” we know that it brings actual rewards as well, in the form of profits, performance and enhanced relationships.

Successful relationships are built on trust, respect and open, honest communication. We appreciate diverse perspectives and respect the differences that make each of our employees, partners and neighbors unique. 

We are never satisfied with the status quo. It’s why we push ourselves to research and analyze situations to understand and gain insight into problem solving and decision making as we strive toward continuous improvement. We encourage every team member to be masters in their technical area, adapt to changes and never stop learning from their experience and the people around them.

Our Namesake: The Chaparral

Chaparral was named after the fleet-footed Chaparral bird. Commonly known as the roadrunner, the Chaparral is one of the few avian species capable of living in unforgiving desert climates. With a combination of speed, agility and highly developed survival instincts, the Chaparral is particularly equipped to thrive in the wild.

Like our namesake, Chaparral has thrived in the competitive and unforgiving oil and gas industry, while constantly exploring new opportunities for growth. The Chaparral never stands still, and neither do we. 

Leadership

Leadership Philosophy

Our guiding philosophy is essential and runs deep — do right by our employees, shareholders, owners and local communities, and in turn, their support will fuel our mutual success. This approach began with our Co-founder and CEO Mark Fischer and forms our company’s culture, values and strategies.

Today our leadership team consists of talented executives with extensive backgrounds in the industry. Each has a unique perspective and skillset that guides Chaparral’s long-term success.

Steven Donley

Associate Vice President – Drilling Operations Manager

Stephen Yeakley

Associate Vice President – Mid-Continent Region Geological Manager

Stephen Guillot

Associate Vice President – Reservoir Engineering Manager EOR

Richard Parma

Associate Vice President – Corporate Reserves and GIS Manager

Larry Turner

Associate Vice President – Southern Region Geological Manager

Larry Brinlee

Associate Vice President – Mid Continent East Division Manager

Eugene Daniel

Associate Vice President – Business Services Director

Mark A. Fischer

Chairman, Chief Executive Officer and Co-Founder

Mark A. Fischer co-founded Chaparral in 1988 and has served as its chief executive officer and chairman of the board since its inception. Mr. Fischer began his career with Exxon Company USA in 1972 in the Permian Basin of West Texas where he held various positions as a production engineer, reservoir engineer, field superintendent and finally supervising production engineer.

From 1977 to 1980, Mr. Fischer served as the drilling and production manager for the West Texas and then Mid-Continent divisions of TXO Production Corp. Prior to founding Chaparral, he served as division operations manager for Slawson Exploration Company from 1980 to 1988, focusing on the Mid-Continent and Panhandle Divisions.

He is a member of the Society of Petroleum Engineers and the American Petroleum Institute (API). Mr. Fischer also served as director of the API from 1984 to 1986. He currently sits on the board of directors of Pointe Vista Development, LLC and several nonprofit organizations including the Boy Scouts of America, the Texas A&M Look College of Engineering Advisory Council and Texas A&M Energy Institute.

Mr. Fischer graduated from Texas A&M University in 1972 with an honors degree in aerospace engineering. He was named as a Distinguished Alumni in Aerospace Engineering and a recipient of the College of Engineering Outstanding Alumni Award in 2014.

K. Earl Reynolds

President and Chief Operating Officer

K. Earl Reynolds joined Chaparral in 2011 as an executive vice president and chief operating office before being named as the company’s president in 2014.

From 2000 to 2010, Mr. Reynolds led the international business unit and was actively involved in strategic planning for Devon Energy, most recently serving as senior vice president of strategic development, where he was responsible for strategic planning, budgeting, coordination of acquisitions and divestitures, and oversight of the company’s assessment of oil and gas reserves.

Prior to Devon, Mr. Reynolds’ career included several key leadership roles in domestic and international operations with companies such as Burlington Resources and Mobil Oil.

Mr. Reynolds has served on the board of directors for several nonprofit organizations in Houston and Oklahoma City. He currently sits on the Board of Directors for the Oklahoma Independent Petroleum Association and serves as the Chairman of its Crude Oil Committee. Mr. Reynolds holds a Master of Science degree in petroleum engineering from the University of Houston and a Bachelor of Science degree in petroleum engineering from Mississippi State University. In 2013 he was named as a Distinguished Fellow of the Mississippi State University Bagley College of Engineering.

Joseph O. Evans

Chief Financial Officer and Executive Vice President

Joseph O. Evans joined Chaparral in 2005 as chief financial officer and executive vice president. From 1998 to 2005, Mr. Evans was a consultant and practiced public accounting with the firm of Evans Gaither & Assoc. Prior to that time, he served as senior vice president and financial advisor for First National Bank of Commerce in New Orleans.

From 1976 to 1997, Mr. Evans worked in the Oklahoma practice of Deloitte & Touche, where he became an audit partner. While at Deloitte he was a member of the energy industry group and was responsible for services on numerous commission filings for clients.

Mr. Evans has instructed numerous continuing professional education courses focused on compliance with the Sarbanes Oxley Act. He is a certified public accountant and an accredited petroleum accountant. Mr. Evans is a graduate of the University of Central Oklahoma with a Bachelor of Science degree in accounting.

Jeffery Dahlberg

Sr. Vice President – Resource Development

Jeffery Dahlberg joined Chaparral in 2007 as the district manager of the company’s Mid-Continent West Division. Since joining the company, Mr. Dahlberg has been promoted to positions of increasing responsibility and currently serves as senior vice president of resource development.

Prior to Chaparral, Mr. Dahlberg held numerous key technical and senior management positions at Windsor Energy from 2003 to 2007, including serving as its chief operating officer. Before that time,his career included several technical and management roles with Enserch Exploration, Texas Oil and Gas, and Twister Gas Services.

Mr. Dahlberg is a member of the Society of Petroleum Engineers and holds a Bachelor of Science degree in petroleum engineering from Louisiana Tech University

David J. Ketelsleger

Sr. Vice President and General Counsel

David J. Ketelsleger joined Chaparral in 2012 as a senior vice president and general counsel. Through this role, he oversees the company’s Legal, Human Resources, Acquisitions and Divestitures, Security and Environmental, Health and Safety departments.

Before joining Chaparral, Mr. Ketelsleger was a partner at the law firm of McAfee & Taft, a Professional Corporation, specializing in public and private finance, securities and business transactions.

He is listed in The Best Lawyers in America (corporate compliance law; corporate governance law; corporate law; mergers and acquisitions law; securities/capital markets law) and Chambers USA Guide to America’s Leading Lawyers for Business. Mr. Ketelsleger has been a certified public accountant since 1986 and worked at Touche Ross & Co. prior to attending law school. He earned his Bachelor of Arts degree, summa cum laude, in accounting from the University of Montana and his Juris Doctorate, with highest honors, from the University of Oklahoma.

James M. Miller

Sr. Vice President – Production Operations

James M. Miller joined Chaparral in 1996 as its operations engineer. Since joining the company, Mr. Miller has been promoted to positions of increasing responsibility and currently oversees the company’s production and completion operations as senior vice president of production operations. During this time, he has gained particular expertise in the area of operating secondary and tertiary recovery units.

Prior to joining Chaparral, Mr. Miller worked for KEPCO Operating Inc. as a petroleum engineer. From 1987 to 1995, he was employed by Robert A. Mason Production Co. as a petroleum engineer and later as vice president of production.

He is a member of the Society of Petroleum Engineers and the American Petroleum Institute. Mr. Miller attended the University of Oklahoma and received a Bachelor of Science degree in petroleum engineering.

Scott C. Wehner

Sr. Vice President – EOR CO2 Unit

Scott C. Wehner joined Chaparral in 2010 as senior vice president of the EOR CO2 Unit. Before joining the company, Mr. Wehner worked for Whiting O&G Corp., where he assisted with the capitalization of assets with CO2 potential.

Prior to Whiting, he helped Kinder Morgan open its CO2 EOR operations office in Midland, Texas, to exploit the acquisition of its SACROC Unit after working for 20 years at Texaco. With 34 years of industry experience, Mr Wehner’s past 29 years have been associated with the evaluation, design, implementation and management of CO2 projects in West Texas, Southeast New Mexico, Oklahoma and Wyoming.

He has published and presented various CO2-related papers and has a U.S. patent involving the CO2 process. He is a member and past director of the International Society of Petroleum Engineers and sits on the Reservoir Characterization Project Advisory Board of the Colorado School of Mines. Mr. Wehner graduated from the University of Missouri – Rolla with a Bachelor of Science degree in geological engineering and received the college’s Distinguished Young Alumnus Award in 1997. He was also named Engineer of the Year in 2003 by the Texas Society of Professional Engineers and is a member of the American Petroleum Institute.

John D. Wehrle

Sr. Vice President – Business Development and Finance

John D. Wehrle joined Chaparral in 2014 as senior vice president of business development and finance. Prior to joining the company, Mr. Wehrle served as managing director and co-head of U.S. operations for Scotia Waterous, a global energy advisory firm, where he oversaw U.S. investment banking and provided strategic advice regarding acquisition, divestiture, merger and corporate restructuring opportunities for E&P clients.

Mr. Wehrle has approximately two decades of investment banking and upstream E&P corporate finance experience. His prior investment banking experience includes nearly a decade at Goldman Sachs & Co. and RBC Dominion Securities, while his direct industry exposure includes time spent at both private equity-backed and public companies, including Bill Barrett Corporation and Vantage Energy.

Mr. Wehrle holds a Bachelor of Commerce (Honours) degree from the University of Manitoba.

David R. Winchester

Sr. Vice President - Drilling Operations

David R. Winchester joined Chaparral in 2014 as senior vice president of drilling operations. Before joining the company, Mr. Winchester served as vice president of drilling operations at Chesapeake Energy Corporation where he spearheaded the construction of infrastructure and establishment of drilling programs in the Fayetteville, Haynesville and Eagle Ford Shale areas, as well as material drilling programs in the Mid-Continent.

Mr. Winchester has more than 30 years of onshore oil and natural gas drilling experience. Prior to Chesapeake, he served as a drilling manager at Anadarko Petroleum Corporation and the co-owner of Winmill Petroleum. During the early portion of his career, he was employed by Chevron USA and Gulf Oil.

He is a member of the Society of Petroleum Engineers, International Association of Drilling Contractors, American Petroleum Institute and American Association of Drilling Engineers. Mr. Winchester holds a Master’s of Science in petroleum engineering and a Juris Doctor degree from the University of Oklahoma.

Mark A. Fischer

Chairman, Chief Executive Officer and Co-Founder

Mark A. Fischer co-founded Chaparral in 1988 and has served as its chief executive officer and chairman of the board since its inception. Mr. Fischer began his career with Exxon Company USA in 1972 in the Permian Basin of West Texas where he held various positions as a production engineer, reservoir engineer, field superintendent and finally supervising production engineer.

From 1977 to 1980, Mr. Fischer served as the drilling and production manager for the West Texas and then Mid-Continent divisions of TXO Production Corp. Prior to founding Chaparral, he served as division operations manager for Slawson Exploration Company from 1980 to 1988, focusing on the Mid-Continent and Panhandle Divisions.

He is a member of the Society of Petroleum Engineers and the American Petroleum Institute (API). Mr. Fischer also served as director of the API from 1984 to 1986. He currently sits on the board of directors of Pointe Vista Development, LLC and several nonprofit organizations including the Boy Scouts of America, the Texas A&M Look College of Engineering Advisory Council and Texas A&M Energy Institute.

Mr. Fischer graduated from Texas A&M University in 1972 with an honors degree in aerospace engineering. He was named as a Distinguished Alumni in Aerospace Engineering and a recipient of the College of Engineering Outstanding Alumni Award in 2014.

K. Earl Reynolds

President and Chief Operating Officer

K. Earl Reynolds joined Chaparral in 2011 as an executive vice president and chief operating office before being named as the company’s president in 2014.

From 2000 to 2010, Mr. Reynolds led the international business unit and was actively involved in strategic planning for Devon Energy, most recently serving as senior vice president of strategic development, where he was responsible for strategic planning, budgeting, coordination of acquisitions and divestitures, and oversight of the company’s assessment of oil and gas reserves.

Prior to Devon, Mr. Reynolds’ career included several key leadership roles in domestic and international operations with companies such as Burlington Resources and Mobil Oil.

Mr. Reynolds has served on the board of directors for several nonprofit organizations in Houston and Oklahoma City. He currently sits on the Board of Directors for the Oklahoma Independent Petroleum Association and serves as the Chairman of its Crude Oil Committee. Mr. Reynolds holds a Master of Science degree in petroleum engineering from the University of Houston and a Bachelor of Science degree in petroleum engineering from Mississippi State University. In 2013 he was named as a Distinguished Fellow of the Mississippi State University Bagley College of Engineering.

Charles A. Fischer, Jr.

Director and Co-Founder

Charles A. Fischer, Jr. co-founded Chaparral in 1988 and has served as a director since its inception. Mr. Fischer joined Chaparral full-time in 2000 and served as the chief financial officer, senior vice president and chief administrative officer before retiring in 2007. Mr. Fischer serves as a managing partner of Altoma Energy GP and as president of C.A. Fischer Lumber Co. Ltd., which he formed in 1978 in western Canada. 

He began his career with Renewable Resources in 1974 as a senior scientist on the Polar Gas Pipeline Project investigating the feasibility of bringing natural gas from the high Arctic to South-central Canada. Mr. Fischer has served as director and President of the Canadian Western Retail Lumberman’s Association and received the 2001 Industry Achievement Award. He graduated from Texas A&M University with a Bachelor of Science degree in Biology and from the University of Wisconsin with a Master of Science degree in Ecology.

Christopher Behrens

Director

Christopher Behrens joined Chaparral’s board of directors as a nominee of CCMP Capital Advisors, LLC. He is a managing director for the company’s New York office and a member of the firm's investment committee, where he focuses on making investments in the industrial, distribution and energy sectors. He also serves on the board of directors for Chromalox, Olympus Media and Noble Environmental Power.

Prior to joining CCMP in 1994, Mr. Behrens was a vice president in the Merchant Banking Group of The Chase Manhattan Corporation. He holds a Bachelor of Arts degree from the University of California, Berkeley and a Master of Arts degree from Columbia University.

Kyle Vann

Director

Kyle Vann joined Chaparral’s board of directors in November 2012 as a nominee of CCMP Capital Advisors, LLC. Mr. Vann possesses experience in exploration and production, midstream, energy services and trading. He has 25 years of experience in various senior leadership positions at Koch Industries including leading the creation of Entergy-Koch LP, an energy trading and transportation joint venture between Entergy Corporation and Koch Industries operating in North America and Europe, where he served as chief executive officer from 2001 to 2004. 

A chemical engineer by training, Mr. Vann has supported the development of early trading models for price-setting mechanisms between crude and refined products, the development of Koch’s Texas Pipeline System from Corpus Christi, Texas, to Dallas, and was also deeply involved with Charles Koch’s development of Market-Based Management ®, which helped the company significantly out-perform the S&P 500. Mr. Vann began his career with Humble Oil and Refining Company, which later became part of Exxon, as a refinery engineer. He earned his Bachelor of Science degree in chemical engineering from the University of Kansas and was awarded the university’s Distinguished Engineering Service Award.