CPX II Operating, LLC has
completed the Durham Smith Fuente 201HL, Section 47, Block 56-T2, with a
Penetration Point into the Phantom (Wolfcamp) Field formation in Section 2,
Block C20, Reeves County, Texas. This completion in the Wolfcamp has an
average initial production rate of 3436 mcfd and 708 bopd (1281 boepd).
Outstanding technical expertise from internal personnel and
consultants enabled us to continue to increase resource estimates for our
Delaware Basin position. We are a pure play Delaware Basin operator
growing our position with strategic core acreage in both size and
quality. With premier assets and a commitment to innovation, CPX
continues to enhance its capability for high return growth along with AFE and
LOE cost controls.
CPX will spud the 204H September 1, 2016 immediately followed by
the 301H, 304H, 607H, 610H, 4401, 4404, and the 1001.