Chaparral Energy, Inc. announced year-end 2013 results as well as 2014 guidance.
2013 Results
Production – Chaparral anticipates 2013 production to be approximately 9.75 million barrels of oil equivalent.
Adjusted EBITDA – Chaparral expects 2013 adjusted EBITDA to be in the range of $385 to $390 million.
Capital Expenditures – Total capital expenditures for 2013 is expected to be approximately $670 million.
Reserves – Chaparral reported total proved reserves as of December 31, 2013 of 158.5 million barrels of oil equivalent with a PV-10 value of $2.3 billion.
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