Chaparral Energy, Inc. (the 'Company' or 'Chaparral') announced that it successfully completed its financial restructuring and emerged from Chapter 11 as a private, non-SEC filing company. Through the efficient execution of its pre-packaged plan of reorganization, which received broad support from its creditors, the Company has equitized all $300 million of its unsecured 8.75% Senior Notes due 2023 (the 'Senior Notes'), reduced its annual interest expense by more than $25 million, and significantly enhanced its financial flexibility. The Company has bolstered its liquidity position through equitizing the Senior Notes and obtaining a $300 million exit revolving credit facility with an initial borrowing base of $175 million and a $35 million second lien convertible note.