Chaparral Energy Inc. aims to have its bankruptcy exit plan confirmed next month, which may require suing a co-owner of a CO2 pipeline to advance the sale of the asset, the bankrupt oil and gas producer said in court papers on Feb. 17.Chaparral has a hearing on March 9 to confirm its plan to emerge from Chapter 11 bankruptcy, funded in part by asset sales. The company filed for bankruptcy in May 2015 after talks with stakeholders failed to produce a restructuring support agreement to tackle its financial troubles.Chaparral said it no longer needed the pipeline in Oklahoma running from a Koch Fertilizer LLC fertilizer plant. It transports CO2 used in “flooding” fields to help extract oil and gas from depleted wells.
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