CPX 2021 development exceeds 10,500 boepd

CPX’s last 12 wells were all drilled with no safety events, under AFE, and were successfully completed with strong economics. As of last month, CPX is hedged on oil to about 25% of net production through the first half of next year and about 17% for the second half.  Hedges on gas sit around 30% of net production for all of…

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Oil $78, Gas $5.50, CPX Leans Into The Market

“We are proud of our team that has drilled the last 12 wells without incident, under AFE, and exceeded gross production forecasts.” CPX recently finished drilling the Lindley 98 14H well, a horizontal lateral with a planned gross lateral length of 10,659 feet that will be completed in 2021. With oil hitting levels not seen…

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CPX Drills 11th Wolfcamp Well

CPX Energy has finished drilling the 11th well in its Wolfcamp drilling program in Loving and Reeves Counties, Texas.  CPX has spudded the Lindley 98 14H well, a horizontal lateral with a planned gross lateral length of 10,659 feet. 

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CPX Completes Three Wolfcamp Wells in the Delaware Basin, Texas

CPX Energy, LLC (CPX) has completed three additional wells in its 2021 Wolfcamp program.  The CPX State 100-33 A 1H, CPX State 100-33 B 2H and the CPX State 100-33 D 4H horizontal lateral wells are completed in the Phantom (Wolfcamp) field, Loving and Reeves Counties, Texas.  CPX continues to develop assets in Loving and…

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CPX Newest Wells Again Exceed Target Rates

CPX Energy’s recently completed horizontal Wolfcamp wells, the B AND B STATE 4H and the B AND B STATE A 5H,  have exceeded IP24 target rates for three days in a row. The two wells, located in Loving County, Texas, have reached a combined daily production rate of 4550 BOEPD. CPX has finished drilling three…

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CPX Energy actively drilling with $60 plus Oil

By CPX Energy – Fort Worth, Texas news: July 17, 2021 CPX is currently flowing back the CPX B&B State 4H.  CPX is currently flowing back the CPX B&B State A 5H.  CPX spud the CPX State 100-33 A 1H on June 6, 2021 and TD’ed this well in 18 days. CPX spud the CPX…

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CPX Energy spudding the first of 8 new wells in 2021

In 2021, CP Exploration III Operating, LLC (CPX) continues drilling operations in Loving and Reeves County, targeting the Phantom (Wolfcamp) field.  CPX will pad-drill 8 wells utilizing the Nabors X49 rig beginning this week.  Additional wells are planned for 2022 that will complete development of the first three benches.  Recently, the CPX team executed a…

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