News

CP Exploration III, LLC (“CPX Energy”) achieves gross cumulative production exceeding 3,000,000 BOE

June 27, 2022 - CPX Energy has reached cumulative production through May of 2022 of 1,234,978 BO and 10,769,871 MCF (3,029,957 BOE) from 13 producing Wolfcamp wells on its River Bend prospect in Loving County, Texas.   This includes the recently completed Lindley 33-98 LOV 15H, which achieved a 24-hr IP rate of 1,152 bopd and 9,124 mcfd from a nominal 10,000 foot lateral.  CEO, John Roby, stated “Surpassing 3MM+ BOE from our River Bend project in only one and half years from commencing first production is a true testament to the hard work and energy the CPX team brings each and every day.”

CPX is continuing to develop its Loving County acreage.  It has recently TD’ed two additional Wolfcamp laterals and is actively drilling.   CPX plans to continue its 2022 drilling program, developing its assets while continuing to acquire new acreage.