Independent Chaparral Energy Inc. has been rebranded as Canvas Energy Inc., still privately held and still based in Oklahoma City.

canvas assets map

“Our new brand represents a renewed sense of purpose, enthusiasm and commitment to our employees, stakeholders, vendors and local communities to name a few,” said Canvas CEO Chuck Duginski.

The company held about 231,000 net acres in Oklahoma’s Anadarko Basin at the end of 2021.

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The brand update represents another transformation for Chaparral, an exploration and production (E&P) company that in 2020 went private upon emerging from its second bankruptcy.

“Our strategy is now centered on sustainable...