CPX finishes drilling the first two wells in its 2021 drilling program

CPX Exploration III Operating, LLC (CPX) finished drilling the first two wells in our 2021 drilling program –  the B and B State 4H (7,744 feet of lateral, Spud to Rig Release in 21 days)  and the B and B State A 5H (7,355 feet of lateral, Spud to Rig Release in 19 days). Both wells are located in Loving and Reeves Counties, targeting the Phantom (Wolfcamp) field.  CPX has also spudded the CPX State 100-33 A 1H, again utilizing the Nabors X49 Rig.  Additional wells are planned for 2021 and 2022, as we continue to produce our first three benches.

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CPX Energy, LLC