CPX Energy closes joint venture in the Delaware Basin
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 next opportunity to build value. CPX’s executive team—Randy Holt, Jay Thrash, Jeff Blass, Dan Griffith, Bridget Powell, Justin Bynum and Bill Hough—is focused on building long term value. Bill Hough is CPX’s newest member, joining the team as Director of Business Development operating in Houston, Texas. CPX Energy is headquartered in McKinney, Texas with an administrative office in Lafayette, Louisiana.