CPX to Frac wells in Loving County, Texas

CPX Energy begins fracing wells again November 15, 2020 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 destruction of oil demand will never recover to economic levels.  If markets are efficient, the words “consensus” and “unprecedented” should never go together. Today’s paradigm implies an inefficiency that can be exploited. The mass market will drive demand, not speculators.” 

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CPX Energy, LLC