Chaparral Energy Inc., an operator in Oklahoma’s Stack Play, regained compliance with the New York Stock Exchange (NYSE) on Jan. 13 after trading of the company’s stock fell below listing standards late last year.

Founded in 1988, Chaparral is a pure-play operator focused in Oklahoma’s Stack/Merge Play, where it has roughly 129,000 net acres primarily in Kingfisher, Canadian and Garfield counties.

Trading of Chaparral’s common stock last year continued to deteriorate despite already seeing an 80% decrease in share price in 2018. By Nov. 15, the Oklahoma City-based company had received a warning from the NYSE that the 30-day average closing price of its shares had fallen below the $1 per share requirement and it had six months to regain compliance.

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