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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…

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After many successful iterations of CP Exploration, Tom Powell launches CPX Energy (CPX). CPX will focus on conventional and unconventional upstream assets. The primary focus area will continue to be Texas, where CPX will drill and operate. The company will also seek conventional deals that make sense. The goal being sustainability as well as acquiring assets that…

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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…

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CP EXPLORATION SELLS DELAWARE BASIN ASSETS TO  RESOLUTE ENERGY FOR $160 MILLION DALLAS – May 15, 2017 –Private oil and gas company CP Exploration (CPX) announced today that it has closed the sale of certain Delaware Basin assets to Resolute Energy Corporation (NYSE: REN) for $160 million. The assets include approximately 2,200 net acres in the core of the southern…

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FOR IMMEDIATE RELEASE CP EXPLORATION COMPLETES ITS SECOND WOLFCAMP WELL AND FINISHES DRILLING THE BRIGHAM FUENTE 4401HU IN REEVES COUNTY The New Well is the Seventh of an Initial Nine-Well Drilling Program in the Delaware Basin DALLAS – February 2, 2017 –Private oil and gas company CP Exploration (CPX) announced today that it has finished…

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