Chaparral Energy Inc

OKLAHOMA CITY, April 20, 2022 (GLOBE NEWSWIRE) — Chaparral Energy, Inc., a private company, announced its rebranding to Canvas Energy Inc., completing its strategic transformation. The rebranding includes the launch of a new name, new logo, new website and updated corporate presentation that builds on the company’s core operations and financial strength. company as well as its creative and hardworking employees.

“While we have a long history as a trusted operator in Oklahoma, we have made tremendous strides over the past few years in completely transforming our business. We have clearly articulated our ESG principles and become leaders in EH&S performance Our strategy is now focused on generating sustainable free cash flow through efficient, low-cost field operations, supported by careful reinvestment in high-yield development drilling and accretive acquisitions With new assets and a strong balance sheet, we have great flexibility and are able to self-fund our strategy from operating cash flow Our new brand represents a renewed sense of purpose, enthusiasm and commitment to our employees, stakeholders, suppliers and local communities to name a few,” said are General Manager Chuck Duginski.

“Canvas embodies who we are today and where we are striving to go in many ways. In art, a blank canvas is a platform on which the artist leaves their creative mark. territory means examining it carefully, leaving no detail unnoticed. In sailing, the canvas of a ship is the set of sails that propels the ship forward under the skilful control of the crew. Our logo also pays homage to Oklahoma’s oil and gas heritage, while looking to the future.

Canvas Energy will retain its headquarters in Oklahoma City, Oklahoma. The updated branding will roll out over the next few months, with immediate changes to the website and contact details.

About Canvas Energy
Canvas Energy Inc. is a privately held oil and natural gas exploration and production company headquartered in Oklahoma City. For more information, visit the Company’s website at www.canvasenergy.com.

Contact Investor
Investor Relations
405-426-6700
[email protected]

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