Dallas, Texas – CP Exploration, II, LLC (CPX) has entered into a definitive agreement with an undisclosed public buyer to sell producing and undeveloped oil and gas properties in Reeves County, Texas for $160,000,000.

The sale consists of two prospect areas in the Delaware Basin, 2187 net acres in northern Reeves County known as ORLA and 2405 net acres in southern Reeves County known as Southwest Rim.

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CPX Energy, LLC