XCXP is a premier independent domestic conventional onshore E&P company. The Company creates value by identifying potential acquisitions with production enhancement opportunities using modern screening techniques. They implement these opportunities at the field level by applying sound proven production reservoir engineering principals along with new operating technology.
XCXP Operating L.P. has created over $22M in shareholder value in the last 5 years
Very active in the Permian Basin with excellent results to date - 26 out of 27 successful wells
Management Team has over 90 years combined experience in the Oil & Gas industry. The unique skill setsof the team and its knowledge in Reservoir, Production, Facilities and Operations.
The management team is responsible for the acquisition and development of assets in the Permian Basin. Production has been increased from 4 Bopd and 10 Mscfpd to ~300 Bopd and 1,100 Mscfpd in the three year period by drilling low risk wells.
An independent E&P using 'Major' tools, software and processes OFM & Petra.
XCXP has access to outstanding opportunities to acquire existing PDP properties at attractive prices and the operation expertise, to enhance production as well as outstanding acreage positions to drill low risk wells when economics are appropriate. The Company generates value by acquiring PDP assets on current market conditions (at reduced price).
Take advantage of available production properties offers currently in the market due to the oil price downturn:
Focus on optimization, recompletion and work overs: