OKLAHOMA CITY—Some oil and gas operators in Oklahoma’s Stack-area were going too fast when parent/child issues weren’t understood yet leaving the play’s reputation in recovery now, according to Scott Pittman, CFO, Chaparral Energy Inc.

“At some point, people will start to believe there are differentiating companies within the Stack,” Pittman told attendees at Hart Energy’s recently held DUG Midcontinent conference.

A pure-play horizontal Meramec- and Osage-formation developer, most of Chaparral’s more than 200,000 surface acres—with about 130,000 net—is HBP by old, legacy verticals. It was less driven by the need to HBP while the Stack rose in prominence during the past five years among U.S. oil plays.

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