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CP Exploration (CPX) acquires 320 acres of surface atop existing leasehold. - Wednesday, December 21, 2016

CP Exploration II, LLC adquires 320 acres of surface atop existing leasehold. According to Guy Aldrich, Transaction Manager, this 320 acres of surface will allow operational ease considering the water rights and positive initial water rates from two test wells. We will also utilize the surface for drilling locations, fracing tanks/ponds, and flowback recycling. This surface will allow surplus standby water necessary to frac 7,500' and 10,000' back-to-back horizontal wells and zipper frac operations. We will initiate a zipper frac associated with our 213HU and 214HU in early February.



 

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