Abraxas Petroleum Corp.

Abraxas Petroleum Corp. today announced Petrie Partners has been engaged to assist Abraxas with exploration of opportunities related to its interests in the Williston Basin of North Dakota. The Company has sold certain non-operated interests in the Bakken and continues to explore alternatives with regard to its remaining Williston Basin assets. The Board of Directors determined to broaden the engagement with Petrie [...]

Abraxas Petroleum Corp. today announced the execution of definitive agreements on two non-core asset sales in the aggregate totaling approximately $7.9 million. Both transactions are subject to certain due diligence and closing conditions, but are intended to close within the next 45 days. One sale represents all of the Company’s remaining South Texas assets, while the other is a non-operated acreage position in [...]

Abraxas Petroleum Corp. today announced that yesterday it received notice from The NASDAQ Stock Market LLC that the company does not presently meet the NASDAQ continued listing standard which requires a minimum average closing price of $1.00 per share over a period of 30 consecutive trading days. In accordance with applicable NASDAQ procedures, the Company plans to timely notify NASDAQ that it intends to pursue actions to [...]

Abraxas Petroleum Corp. today reported financial and operating results for the three and six months ended June 30, 2019. Financial Highlights for the Three Months Ended June 30, 2019 The three months ended June 30, 2019 resulted in: Production of 871 MBoe Revenue of $34.8 million Net income of $11.7 million, or $0.07 per share Adjusted net income of $4.2 million, or $0.02 per share EBITDA of $19.8 million Adjusted EBITDA [...]

Abraxas Petroleum Corp. will host its second quarter 2019 earnings conference call on Thursday, August 8, 2019 at 3 PM Central Time . Abraxas plans to announce second quarter 2019 operating and financial results after the market close on Wednesday, August 7, 2019. The conference call can be accessed by dialing 844.347.1028 and entering conference code 8808839. A live webcast of the conference call can be accessed under [...]

Abraxas Petroleum Corp. today announced that the Company’s management will participate in the upcoming Stifel 2019 Cross Sector Insight Conference, June 10-12th in Boston, MA. The Company is scheduled to present on Monday June 10 at 8:00 AM Eastern Time. Separately, Abraxas recently closed on the sale of its non-op Bakken assets for $15.5 million plus the assumption of an estimated $5.4 million in outstanding AFEs [...]

Abraxas Petroleum Corp. today reported financial and operating results for the three months ended March 31, 2019. Financial Highlights for the Three Months Ended March 31, 2019 The three months ended March 31, 2019 resulted in: Production of 979 MBoe Revenue of $34.5 million Net loss of $25.5 million, or $0.15 per share Adjusted net income of $2.6 million, or $0.02 per share EBITDA of $19.7 million Adjusted EBITDA per [...]

Abraxas Petroleum Corp. will host its first quarter 2019 earnings conference call on Tuesday, May 7, 2019 at 2PM Central Time . Abraxas plans to announce first quarter 2019 operating and financial results after the market close on Monday, May 6, 2019. The conference call can be accessed by dialing 844.347.1028 and entering conference code 2458147. A live webcast of the conference call can be accessed under the [...]

Abraxas Petroleum Corp. today announced that the borrowing base on the Company’s $300 million senior secured credit facility has been increased from $200 million to $217.5 million in connection with the Company’s recent borrowing base redetermination. All other terms and conditions remain the same. Abraxas also announced that the Company’s management will participate in the upcoming IPAA Oil & Gas [...]

Abraxas Petroleum Corp. today reported financial and operating results for the three and twelve months ended December 31, 2018. Financial Highlights for the Three Months Ended December 31, 2018 The three months ended December 31, 2018 resulted in: Production of 965 MBoe Revenue of $36.0 million Net income of $55.8 million, or $ 0.34 per share Adjusted net income of $4.1 million, or $ 0.02 per share EBITDA of $20.1 million [...]