Chaparral Energy borrows $22 million under revolver in first quarter

By Sara Rosenberg

New York, May 15 - Chaparral Energy Inc. drew down $22 million under its revolving credit facility during the first quarter, according to a 10-Q filed with the Securities and Exchange Commission Thursday.

As of March 31, the company had $469 million outstanding under its credit facility and the borrowing base was $525 million.

Chaparral is an Oklahoma City-based oil and natural gas production and exploitation company.

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