Permian Basin [Delaware Basin] CXC has leased over 50,000 acres in Pecos County, Texas.  The Permian/Delaware Basin is rapidly proving to be one of the more liquid-rich resource plays in North America.  The Leonard/Avalon Shales, Bone Spring sands and carbonates, and the Middle Wolfcamp sands, shales and conglomerates are the target oil-rich zones in this play.