Inactive Instrument

Chaparral Energy, Inc.

Equities

CHAPQ

US15942R2085

Oil & Gas Exploration and Production

Diversified Energy Company PLC completed the acquisition of CANVAS ENERGY LLC.

Published on 11/25/2025 at 01:35 am IST

S&P Capital IQ

CHAPARRAL ENERGY, INC.

-12.50%

DIVERSIFIED ENERGY COMPANY

-0.73%

THE CARLYLE GROUP INC.

-1.72%

Diversified Energy Company PLC (LSE:DEC) entered into an agreement to acquire CANVAS ENERGY LLC for approximately $550 million on September 8, 2025. The consideration consists of 3.4 million in new U.S. dollar-denominated ordinary shares, a privately rated and bilaterally structured asset-backed securitization originated by Carlyle of up to $400 million supported by the Assets, along with the balance in cash from existing liquidity under the Diversified Energy Company borrowing capacity, subject to any purchase price adjustments. In case of termination of transaction, Diversified Energy Company PLC will pay a termination fee of $55 million.

For Year ending June 30, 2025, CANVAS ENERGY reported gross assets amounted to $689 million, revenue and other income items of Canvas was $304 million, and net income (loss) was $107 million. The purchase price is targeted at approximately 4.0x the EBITDA .

The ordinary shares will be subject to a customary commercial registration lock-up agreement. The transaction is subject to regulatory approval. Diversified Energy Company expects to close the acquisition during the fourth quarter of 2025. As of November 19, 2025, the transaction is expected to complete on or around November 24, 2025.

Kirkland & Ellis LLP acted as legal advisor for Diversified Energy Company PLC. KeyBanc Capital Markets Inc. acted as financial advisor for Diversified Energy Company PLC. Evercore Inc. acted as financial advisor for CANVAS ENERGY LLC. BofA Securities, Inc. acted as financial advisor for CANVAS ENERGY LLC. Sidley Austin LLP acted as legal advisor for CANVAS ENERGY LLC. Legado Capital Advisors acted as financial advisor for Diversified Energy Company PLC. TCG Capital Markets L.L.C. acted as financial advisor for Diversified Energy Company PLC.

Diversified Energy Company PLC (LSE:DEC) completed the acquisition of CANVAS ENERGY LLC on November 24, 2025

Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
CHAPARRAL ENERGY, INC.	0.0350USD	-12.50%	-5.66%	16.73L
DIVERSIFIED ENERGY COMPANY	955.00GBX	-0.73%	+1.92%	100.29Cr
THE CARLYLE GROUP INC.	61.28USD	-1.72%	-6.61%	2.21TCr

Latest news about Chaparral Energy, Inc.

25/11	Diversified Energy Company PLC completed the acquisition of CANVAS ENERGY LLC.	CI
10/22/10	Chaparral Energy, Inc. completed the acquisition of Oil And Gas Assets In Oklahoma	CI
10/21/10	Chaparral Energy, Inc. agreed to acquire Oil And Gas Assets In Oklahoma.	CI
10/21/10	Chaparral Energy, Inc. acquired Late-life non-core assets.	CI
10/21/10	Chaparral Energy, Inc. signed an agreement to acquire Glass Mountain in Major and Woods counties.	CI
15/20/15	Chaparral Energy, Inc. Completes Financial Restructuring and Raises $35 Million in New Capital	CI
15/20/15	Chaparral Energy, Inc. Announces Appointments	CI
14/20/14	Chaparral Energy, Inc. Emerged from Bankruptcy	CI
14/20/14	Chaparral Energy, Inc. announced that it has received $35 million in funding	CI
01/20/01	Chaparral Energy : Shale bankruptcies pile on, Lonestar latest to succumb to weak demand	RE
01/20/01	Lonestar Resources US : Shale bankruptcies pile on, Lonestar latest to succumb to weak demand	RE
01/20/01	First Amended Pre-Packaged Reorganization Plan and Disclosure Statement Approved for Chaparral Energy, Inc.	CI
29/20/29	First Amended Joint Pre-Packaged Reorganization Plan Filed by Chaparral Energy, Inc.	CI
19/20/19	Chaparral Energy, Inc.(OTCPK:CHAP.Q) dropped from S&P TMI Index	CI
18/20/18	Motion for Joint Administration Approved for Chaparral Energy, Inc.	CI
18/20/18	Combined Hearing for Disclosure Statement and Joint Pre-Packaged Reorganization Plan Approved for Chaparral Energy, Inc.	CI
18/20/18	Chaparral Energy, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020	CI
17/20/17	Chaparral Energy : Files for Bankruptcy, Again -- Update	DJ
17/20/17	Chesapeake Energy : Shale driller Chaparral Energy files for bankruptcy due to pandemic woes	RE
17/20/17	Chesapeake Energy : Shale driller Chaparral Energy files for bankruptcy due to pandemic woes	RE
16/20/16	Chaparral Energy, Inc. Filed for Bankruptcy	CI
16/20/16	Motion for Joint Administration Filed by Chaparral Energy, Inc.	CI
16/20/16	Joint Pre-Packaged Reorganization Plan and Disclosure Statement Filed by Chaparral Energy, Inc.	CI
13/20/13	Chaparral Energy, Inc. is Heading Towards Bankruptcy	CI
29/20/29	Chaparral Energy, Inc.(NYSE:CHAP) dropped from Russell 2000 Dynamic Index	CI

Chart Chaparral Energy, Inc.

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Company Profile

Chaparral Energy, Inc. (Chaparral) is an independent oil and natural gas exploration and production company. The Company is engaged in the exploration, development, production, operation and acquisition of oil and natural gas properties. Chaparral's properties are located primarily in Oklahoma and its commodity products include crude oil, natural gas and natural gas liquids. Chaparral has approximately 207,000 net surface acres in the Mid-Continent region. The Company is focused on the oil window of the Anadarko Basin in Oklahoma, where it has approximately 120,000 net acres. The exploration and production operations include STACK, Meramec/Osage and Woodford. The STACK is located primarily below portions of Canadian, Kingfisher and Garfield counties in central Oklahoma. The Meramec and Osage intervals of the Mississippian are two of the oil-saturated reservoirs found above the Woodford formation. The Woodford Shale is the hydrocarbon source for STACK reservoirs.

Employees

Sector

Oil & Gas Exploration and Production

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