Chaparral Energy increases position in Marmaton with Cabot acquisition

OKLAHOMA CITY -- Chaparral Energy, based in Oklahoma City, has entered into an asset purchase agreement with Cabot Oil & Gas to acquire net production of approximately 2,000 boed, and 66,000 net acres, in the Panhandle Marmaton play for $160.1 million, subject to pre- and post-closing adjustments. The transaction essentially doubles Chaparral’s holdings in the Marmaton to 126,000 acres.