Abraxas Petroleum Corp.

Abraxas Petroleum Corp. will host its first quarter 2018 earnings conference call on Wednesday, May 9, 2018 at 10 AM Central Time . Abraxas plans to announce first quarter 2018 operating and financial results after the market close on Tuesday, May 8, 2018. The conference call can be accessed by dialing 844.347.1028 and entering conference code 5599864. A live webcast of the conference call can be accessed under the [...]

Abraxas Petroleum Corp. today announced that the borrowing base under the Company’s revolving credit facility was increased $40 million to $175 million in connection with the Company’s spring borrowing base redetermination. At quarter end March 31, 2018 Abraxas was $104 million drawn on the credit facility with an estimated $5.5 million in cash, providing estimated pro forma liquidity of $76.5 million. Abraxas [...]

Abraxas Petroleum Corp. today reported financial and operating results for the three and twelve months ended December 31, 2017. Financial and Operating Results for the Three Months Ended December 31, 2017 The three months ended December 31, 2017 resulted in: Production of 808 MBoe Revenue of $29.6 million Net loss of $4.1 million, or $0.02 per share Adjusted net income of $7.1 million, or $0.04 per share EBITDA of $17.6 [...]

Abraxas Petroleum Corp. today provided the following reserve and operational update. Highlights include: Total proved reserves as of December 31, 2017 of 65.9 MMBoe up 21.2 MMBoe or 47.5% Proved developed producing reserves grew 48.5% to 20.7 MMBoe PV-10 of $425.9 million using SEC 12-month average pricing of $51.34/bbl and $2.99/mcf natural gas 2017 reserve replacement ratio of 887% 2017 PDP finding and development cost [...]

Abraxas Petroleum Corp. today provided the following operational, acquisition and guidance update. Highlights include: All three Delaware Basin wells, three Bakken/Three Forks wells and one Eagle Ford well successfully fracture stimulated to full design and on production January to date production averaging approximately 11,400 Boepd, in excess of planned exit rate of 10,750 Boepd Recently entered into an agreement to [...]

Abraxas Petroleum Corp. will host its fourth quarter and year end 2017 earnings conference call on Wednesday, March 14, 2017 at 10 AM Central Time . Abraxas plans to announce fourth quarter and year end 2017 operating and financial results prior to the call. The conference call can be accessed by dialing 844.347.1028 and entering conference code 7399815. A live webcast of the conference call can be accessed under the [...]

Abraxas Petroleum Corp. (NASDAQ:AXAS) today reported financial and operating results for the three months ended September 30, 2017. Financial and Operating Results for the Three Months Ended September 30, 2017 The three months ended September 30, 2017 resulted in: Production of 805 MBoe (8,745 Boepd) Revenue of $24.7 million Net loss of $0.8 million, or $0.00 per share Adjusted net income(a) (excluding certain non-cash [...]

Abraxas Petroleum Corp. (“Abraxas” or the “Company”) (NASDAQ: AXAS) will release the Company’s third quarter 2017 earnings on November 7, 2017 after the market close. Due to a conference scheduling conflict, Abraxas will host its third quarter 2017 earnings conference call on Thursday, November 9, 2017 at 10 AM Central Time (11 AM Eastern Time). The conference call can be accessed by dialing [...]

Abraxas Petroleum Corp. (“Abraxas” or the “Company”) (NASDAQ: AXAS) today provided an operational update. Highlights include: Caprito 98-201H and Caprito 98-301HR averaged 1,036 and 999 Boepd over each well’s first 30 days of production, respectively Company plans to test 660’ spacing on four-well pad on Section 99 Delaware Basin In Ward County, Texas, the Caprito 98-201H, a 4,880 [...]

Abraxas Petroleum Corp. (NASDAQ:AXAS) today reported financial and operating results for the three months ended June 30, 2017. Financial and Operating Results for the Three Months Ended June 30, 2017 The three months ended June 30, 2017 resulted in: Production of 471 MBoe (5,172 Boepd) Revenue of $13.2 million Net income of $7.2 million, or $0.04 per share Adjusted net income(a) (excluding certain non-cash items) of $2.1 [...]