CPX begins frac operations in Reeves County

December 20, 2020 CP Exploration III Operating, LLC (CPX) begins frac operations in Reeves County Texas for its Murchison 87 1H targeting the Phantom (Wolfcamp) across the Pecos River in Loving County.  We anticipate first commercial sales in early January 2021.  Following the flowback of recently completed wells, CPX will begin pre planning for drilling…

Read More

CPX Completing 3 Wells in Loving County

CP Exploration III Operating, LLC will soon begin zipper operations on three of its Wolfcamp wells in Loving County, Texas. The  extended length horizontal wells were drilled in late 2019 and early 2020.  Following these operations, CPX will begin completion operations on the Murchison well across the river in Reeves County.  We expect production early…

Read More

CPX to Frac wells in Loving County, Texas

CPX Energy begins fracing wells again this year in Loving County, Texas.  “Frac costs are low and service costs are low,” said Tom Powell, CEO, CPX Energy.  “We will have the Presidential election behind us on November 3 and we anticipate a coronavirus vaccine sometime in 2021.   There seems to be a consensus on Wall Street that this unprecedented…

Read More

CPX Energy closes joint venture in the Delaware Basin

Latest News

CPX Energy closes joint venture to drill extended horizontal wells in the Delaware Basin.  “We are excited to operate again in West Texas, one of the few places where you can generate solid returns in today’s commodity price environment,” said Tom Powell.  Since selling a previous asset in Reeves County, CPX has been working patiently, evaluating projects around the country and waiting for the…

Read More

Fort Worth Texas – CPX Energy launched.

After many successful iterations of CP Exploration, Tom Powell launches CPX Energy (CPX). CPX will focus on conventional and unconventional upstream assets. The primary focus area will continue to be Texas, where CPX will drill and operate. The company will also seek conventional deals that make sense. The goal being sustainability as well as acquiring assets that…

Read More

CP Exploration sale sets new Delaware Basin high point per acre

Private oil and gas company CP Exploration (CPX) announced yesterday that it has closed the sale of certain Delaware Basin assets for $160 million. The assets include approximately 2,200 net acres in the core of the southern Delaware Basin, and approximately 2,400 net, undeveloped acres in the Alpine High. This sale sets a new Delaware Basin high…

Read More