7/16/2008

Privately owned U.S. oil and natural gas company Chaparral Energy will buy Houston-based Edge Petroleum, a deal that will boost Chaparral's reserves to 1.15 trillion cubic feet of gas equivalent. The combined company will be publicly traded and "will have a robust yet predictable and efficient growth strategy, and the potential for significant value creation," said Chaparral CEO Mark Fischer.

Related Summaries