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CP Exploration acquires 5,600 acres including 64 wells in the Ft. Worth Basin in Jack County Texas. - Tuesday, August 13, 2013
CP Exploration acquires 5,600 acres including 64 wells in the Ft. Worth Basin in Jack County Texas, with plans to expand its position through additional acquisitions prospective for the oil and NGL rich Marble Falls play.  The company also believes that there are further potential development opportunities through vertical down-spacing and horizontal drilling.  CP Exploration will immediately implement a $50 Million drilling program in an effort to initiate further development.

 

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