Abraxas Petroleum Corp.

Abraxas Petroleum Corp. provides the following operational update. Williston Basin, North Dakota In McKenzie County North Dakota, our four well Ravin NE Pad has been on production for 25 days and has averaged 1,182 barrels of oil and 2.1 million cubic feet of gas per day per well. Production is currently being restricted due to an aberration in the North Dakota crude oil market where December differentials are [...]

Abraxas Petroleum Corp. today reported financial and operating results for the three and nine months ended September 30, 2018. Financial Highlights for the Three Months Ended September 30, 2018 The three months ended September 30, 2018 resulted in: Production of 926 MBoe Revenue of $41.6 million Net income of $1.8 million, or $0.01 per share Adjusted net income of $8.6 million, or $0.05 per share EBITDA of $22.3 million [...]

Abraxas Petroleum Corp. provides the following operational update. West Texas In the Delaware Basin of West Texas and specifically Ward County, our two well Mesquite Pad has been on production for 20 days and is currently producing over 1400 barrels of oil equivalent per day from two approximate 4800 foot laterals. One lateral is in the lower Third Bone Spring formation, the other is in the upper Third Bone Spring [...]

Abraxas Petroleum Corp. will host its third quarter 2018 earnings conference call on Thursday, November 8, 2018 at 2 PM Central Time . Abraxas plans to announce third quarter 2018 operating and financial results after the market close on Wednesday, November 7, 2018. The conference call can be accessed by dialing 844.347.1028 and entering conference code 9385155. A live webcast of the conference call can be accessed under [...]

Abraxas Petroleum Corp. provides the following operational update. Delaware Basin Acreage Update Due to continued successful leasing efforts, Abraxas now owns approximately 10,700 net acres in the Southern Delaware Basin of West Texas prospective for Wolfcamp and Bone Springs development. This acreage total excludes approximately 2,200 acres of perpetual mineral acres near the Alpine High area in Pecos County. Our recent [...]

Abraxas Petroleum Corp. today has announced a change in leadership roles. William H. Wallace, has resigned as VP of Operations to pursue other career opportunities. The Board of Directors of Abraxas has appointed Mr. Kenneth W. Johnson, currently Abraxas’ Regional Operations Manager, as the new VP of Operations. Mr. Johnson is a tenured member of Abraxas’ management team and has managed various operations at [...]

Abraxas Petroleum Corp. today provided operational, leasehold and corporate presentation update. As reported on the Q2 earnings call, Abraxas owns 9,780 net acres in the Southern Delaware Basin of West Texas. This excludes approximately 2,200 acres of perpetual mineral acres near the Alpine High area in Pecos County. We have closed and are in various stages of due diligence on several additional transactions that will [...]

Abraxas Petroleum Corp. today reported financial and operating results for the three and six months ended June 30, 2018. Financial Highlights for the Three Months Ended June 30, 2018 The three months ended June 30, 2018 resulted in: Production of 745 MBoe Revenue of $30.9 million Net loss of $10.6 million, or $0.06 per share Adjusted net income of $3.2 million, or $0.02 per share EBITDA of $14.5 million Adjusted EBITDA [...]

Abraxas Petroleum Corp. will host its second quarter 2018 earnings conference call on Wednesday, August 8, 2018 at 10 AM Central Time . Abraxas plans to announce second quarter 2018 operating and financial results after the market close on Tuesday, August 7, 2018. The conference call can be accessed by dialing 844.347.1028 and entering conference code 3089129. A live webcast of the conference call can be accessed under [...]

Abraxas Petroleum Corp. today announces the hire of Steven P. Harris as Director of Finance and Capital Markets for the Company. Mr. Harris will report to Bob Watson, Chairman, President and Chief Executive Officer of Abraxas. Mr. Harris brings over 20 years of financial and leadership experience to Abraxas. Most recently, Mr. Harris was with Sundance Energy where he assisted Sundance’s Business Development and [...]