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…

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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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