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 watermark per acre.

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CPX Energy, LLC