NYSE: AXAS

  • ABRAXAS PETROLEUM CORP.
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Personnel (12 people)

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Chief Accounting Officer
Phone : -
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Manager Human Resources
Phone : -
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Senior Operations Engineer
email -
Phone : -
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Senior Geologist
email -
Phone : -
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Chief Financial Officer
email -
Phone : -
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Senior Operations Engineer
Phone : -
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Regional Operations Manager
email -
Phone : -
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Vice President - Exploration
email -
Phone : -
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Vice President - Engineering
email -
Phone : -
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President & CEO
email -
Phone : -
Frist Name Last Name Title Email Phone
Bill Krog Chief Accounting Officer 210-757-9832
Carol J Obrien Manager Human Resources 210-757-9875
Don Anderson Senior Operations Engineer danderson@abraxaspetroleum.com 210-757-9837
Doug Draves Senior Geologist ddraves@abraxaspetroleum.com 210-918-6640
Geoff King Chief Financial Officer gking@abraxaspetroleum.com 210-757-9835
Jeff Marshall Senior Operations Engineer 210-757-9862
Kenny Johnson Regional Operations Manager kjohnson@abraxaspetroleum.com 210-757-9868
Lee T Billingsley Vice President - Exploration lbillingsley@abraxaspetroleum.com 210-757-9865
Peter Bommer Vice President - Engineering pbommer@abraxaspetroleum.com 210-757-9872
Robert L G Watson President & CEO rwatson@abraxaspetroleum.com 210-757-9850
Tod Clarke Senior Land Manager tclarke@abraxaspetroleum.com 210-757-9846
Will Wallace VP Operations wwallace@abraxaspetroleum.com 210-757-9840

Recent News

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, development, exploration, and production of oil and gas in the United States and Canada. Its oil and gas assets are primarily located in the Rocky Mountain, Mid-Continent, Permian Basin, and Gulf Coast regions of the United States, as well as in the province of Alberta, Canada. As of December 31, 2010, the company?s estimated net proved reserves were 26.6 million barrels of oil equivalent. As of the same date, it owned interests in 143,606 net acres; and operated 1,307 wells. The company was founded in 1977 and is based in San Antonio, Texas.

Location

18803 Meisner Drive
San Antonio, TX 78258
Phone : -

http://www.abraxaspetroleum.com

Well Permits / Intent To Drill

Showing 8 of 24 well permits
Date State County Lease Well type Depth Zone
2014-10-23 Tx Subscriber only Subscriber only new (horizontal well) Subscriber only Subscriber only
2014-07-31 Tx Subscriber only Subscriber only new (horizontal well) Subscriber only Subscriber only
2014-07-23 Tx Subscriber only Subscriber only new (horizontal well) Subscriber only Subscriber only
2014-07-23 Tx Subscriber only Subscriber only new (horizontal well) Subscriber only Subscriber only
2014-07-23 Tx Subscriber only Subscriber only new (horizontal well) Subscriber only Subscriber only
2014-06-16 Tx Subscriber only Subscriber only new (horizontal well) Subscriber only Subscriber only
2014-06-16 Tx Subscriber only Subscriber only new (horizontal well) Subscriber only Subscriber only
2014-05-19 Tx Subscriber only Subscriber only new (horizontal well) Subscriber only Subscriber only
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- Abraxas Planning 2015 Budget Boost; Eagle Ford Focus

November 10,2014
Abraxas Petroleum Corporation reported a 2014 guidance update and announces 2015 guidance and capital budget.

Abraxas Sees 651 MBOE in 3Q Production; Talks Financials

November 05,2014
Net income for the three months ended September 30, 2014 was $25.4 million, compared to net income of $3.2 million for the three months ended September 30, 2013.

Abraxas' Oil-Weighted Ops Balance Out Tough Quarter

August 06,2014
Net income for the three months ended June 30, 2014 was $3.0 million, or $0.03 per share.

- Abraxas Completes 49-Stage Frac in Eagle Ford; Hits Bakken Snag

August 04,2014
Bob Watson, President and CEO, commented, "Our well performance continues to meaningfully surpass our expectations."

Abraxas' Bakken Jore Federal 1H Hits 1,037 BOE/d

July 09,2014
Abraxas owns a working interest of approximately 76%, 51% and 73% in the Jore Federal, Ravin West and Stenehjem wells, respectively.

- Abraxas Cases Eagle Ford Lateral; Flows Dutch 1H to Sales

July 09,2014
Abraxas Petroleum Corporation has recently drilled and cased the lateral of the Ribeye 1H at 14,983 feet in the Eagle Ford.

Abraxas Prices Offering to Fund Bakken, Eagle Ford Ops

June 19,2014
The offering is expected to settle and close on or about June 24, 2014.

Abraxas Ramps Up Eagle Ford Activity

June 13,2014
Stephens Inc., Canaccord Genuity Inc. and Robert W. Baird & Co. Inc. are acting as joint book-runners in the offering.

- Abraxas Details Cave Well in Eagle Ford

June 06,2014
Abraxas Petroleum detailed Eagle Ford operations in the latest investor presentation.

- Abraxas to Ramp Up Eagle Ford Spending; Drill Three More Wells

June 05,2014
Bob Watson, President and CEO, commented, "We recently elected to capitalize on the success of our Eagle Ford program by increasing our capital budget to $160 million."

- Abraxas IPs Eagle Ford Wells; Talks 99-Stage Bakken Frac

June 05,2014
Additionally, Abraxas’ board of directors recently elected to increase our 2014 capital budget to $160 million.

Abraxas Surpasses 1Q Guidance; Tags 4,189 BOE/d

May 08,2014
Adjusted net income, excluding certain non-cash items and inclusive of Raven Drilling of $6.3 million, or $0.07 per share.

- Abraxas Preps to Frac Bakken Wells; Details Eagle Ford Results

April 04,2014
Abraxas Petroleum Corporation has reported the following operational update on its Eagle Ford and Bakken projects.

Abraxas Sees 'Tremendous' Financial Year in 2013; Details Divestitures

March 12,2014
Net income for the three months ended December 31, 2013 was $27.0 million, or $0.29 per share, compared to a net loss of $11.9 million, or $0.13 per share, for the three months ended December 31, 2012.

- Abraxas Details Eagle Ford Shale Well IPs

March 12,2014
At Abraxas’ Cave prospect, in McMullen County, Texas, the company recently completed the Dutch 2H with a 36 stage stimulation. The well....

- Abraxas Touts 'Iron Clad Balance Sheet' Going into 2014

February 21,2014
Bob Watson, President & CEO, commented: "Looking forward, Abraxas now has an iron clad balance sheet, a larger, more focused and profitable reserve and production base and a plethora of low risk, high rate of return development opportunities."

- Abraxas IPs Eagle Ford Well; Cases Jore 1H in the Bakken

February 11,2014
Abraxas has detailed its most recent progress at its Eagle Ford and Bakken projects.

Abraxas IPs Multiple Bakken/Three Forks Lillibridge Wells

January 07,2014
Abraxas has detailed flow rates at its Lillibridge 5H, 6H, 7H and 8H wells.

- Abraxas IPs Permian Spires Ranch Well; Talks Eagle Ford A&D Outlook

January 07,2014
Abraxas Petroleum Corp. has reported an update on its Texas operations, including its Eagle Ford shale growth and acquisitions outlook.

- Abraxas Honing In on Bakken, Eagle Ford in 2014; Details CapEx

December 23,2013
Taking this capital budget into consideration, Abraxas expects 2014 production to average between 4,900 and 5,100 boepd.

- Abraxas Credits Eagle Ford, Bakken for E&P 'Transformation'

November 11,2013
Bob Watson, President and CEO, commented, "Evidence of Abraxas’ transformation into a focused high rate of return E&P is clearly evident in our third quarter numbers, which more than doubled street expectations."

- Abraxas IPs 'Exceptional Producer' in Eagle Ford; Talks Permian Progress

September 27,2013
Bob Watson, President and CEO of Abraxas, commented, "We could not be more proud of our operating team, which continues to execute and drive efficiencies in the Eagle Ford."

- Abraxas Ahead of Schedule at Bakken Lillibridge Prospect

September 27,2013
Abraxas owns a working interest of approximately 34% in both the Lillibridge East and West pads.

- Abraxas Upsizes Borrowing Base to $147 Million

September 27,2013
Importantly, this borrowing base is fully conforming and contains no maturing or stretch features.

- Abraxas IPs Eagle Ford Wells; Preps to Frac in the Permian

September 10,2013
Abraxas details the results of its latest pilot wells in the Eagle Ford shale, including the Camaro B 3H and B 4H.

- Abraxas Sees Strong IP Rates at Bakken Lillibridge Wells

September 10,2013
Each of the four Lillibridge wells was constrained on a smaller than normal choke.

- Abraxas Adds to Eagle Ford, Bakken, Permian Capital Programs

August 14,2013
Abraxas plans to use a portion of the additional liquidity following the non-operated Bakken asset sale to accelerate growth in its core regions.

Abraxas Refocuses Portfolio, Talks Q2 Financials

August 08,2013
Abraxas reported 4,109 BOE/d in production and revenues of $21.5 million for Q2.

- Abraxas: Williston Lillibridge, Eagle Ford Wells 'Exceptional'

August 01,2013
Bob Watson, President & CEO, commented: "The [Williston Basin] Lillibridge completions surpassed our wildest expectations on both completion efficiency and performance."

- Abraxas IPs Eagle Ford Wells; Spins Bit in Bakken

May 28,2013
Abraxas Petroleum Corporation has reported an operational update on its Eagle Ford and Bakken projects.

- Abraxas Continues to Hone Eagle Ford, Bakken Focus

May 10,2013
"Furthermore, heading forward this capital focus should provide more stable and predictable production growth," said Bob Watson, CEO.

- Abraxas Details Permian, Bakken Divestiture Efforts

May 07,2013
Abraxas Petroleum Corporation has reported an update on its current divestiture efforts in the Permian and Williston Basins.

- Abraxas Spins Bit at Eagle Ford, Bakken Wells; Talks Results

May 02,2013
Production for the quarter ended March 31, 2013 averaged 4,216 boepd (2,107 barrels of oil per day, 10.5 mmcf of natural gas per day, 359 barrels of NGLs per day).

- Abraxas Makes Double Addition to Board

April 04,2013
Abraxas has reported the nomination of Jerry J. Langdon to the Company’s Board of Directors and the Board’s intention to name Katherine T. Richard to fill an expected Board vacancy

- Abraxas Updates Eagle Ford, Permian and Bakken Ops

March 15,2013
In McMullen County, the Corvette C 1H averaged 867 boepd (808 barrels of oil per day, 355 mcf of natural gas per day) on a 22/64" choke over its first 30 days of production.

- Abraxas Completes Eagle Ford Well; Preps Bakken Shale Prospect

February 21,2013
Abraxas Petroleum Corporation has reported the following operational update; provide fourth quarter and year-end production and reserve data.

- Abraxas Looks to Sell Bakken/Three Forks Assets

February 21,2013
Abraxas recently retained E-Spectrum Advisors (formerly Energy Spectrum Advisors) to market its non-operated Bakken and Three Forks assets in North Dakota and Montana.

- Abraxas Hits TD at Lillibridge Prospect; Talks Plans

January 28,2013
Abraxas just reached TD on the curve of the Lillibridge 3H. After setting intermediate casing on the Lillibridge 3H, the rig will move to drill the curve of the Lillibridge 4H.

- Abraxas' Eagle Ford Well Averages 1,025 Bopd

January 28,2013
Abraxas spudded the Company’s sixth well at WyCross, the Mustang 3H. Abraxas owns a 25% working interest in the Corvette C 1H and an 18.75% working interest in the Mustang 1H, Gran Torino A 1H and Mustang 3H.

- Abraxas IPs Eagle Ford Well; Sees Bakken Delays

January 07,2013
In McMullen County, the Cobra B 1H averaged 592 boepd (95% oil) on a restricted choke over its first 30 days of production.

- Abraxas Drills On at Eagle Ford, Bakken, Permian Prospects

November 12,2012
Abraxas Petroleum Corporation has reported the following divestiture, financial and operational update. Divestiture Update Abraxas today announced an agreement in principle, subject to the signing of a definitive agreement and satisfactory resolution of several final due diligence items, to sell…

- Abraxas Permian Well Producing 828 Bopd

September 24,2012
Abraxas Petroleum Corporation (NASDAQ:AXAS) today provided an operational update. West Texas - Spires Ranch Abraxas today announced that the Spires Ranch 89-1H well has been completed and is currently flowing approximately 828 barrels of oil per day and 734 mcf…

- Abraxas Provides Bakken and West Texas Operational Update

August 10,2012
Abraxas Petroleum Corporation, today reported operating results for the three and six months ended June 30, 2012 and provided an operational update. Operational Update: Rocky Mountain - North Dakota / Montana In McKenzie County, the Company owned drilling rig is…

- Abraxas Petroleum Dissolve Eagleford JV

August 08,2012
Abraxas Petroleum Corporation, today announced that it has entered into a letter of intent to dissolve its Eagleford joint venture, Blue Eagle Energy LLC. Abraxas and its joint venture partner will split the assets with Abraxas retaining a 100 percent…

- Abraxas Announces Appointment of Chief Financial Officer

August 08,2012
Abraxas Petroleum Corporation, today announced that Geoffrey R. King, CFA, has been hired to serve as Vice President and Chief Financial Officer of the Company. Mr. King has been with Van Eck Associates since 2007 as a Senior Energy Analyst…

- Abraxas Provides Bakken and Eagle ford Update

May 09,2012
Rocky Mountain - North Dakota / Montana In McKenzie County, the Company owned drilling rig is currently drilling the Ravin 26-35 2H and Ravin 26-35 3H concurrently from a multi-pad well site. The surface casing has been drilled…

- Abraxas Provides Operational Update, Eagle Ford and Bakken Projects

April 02,2012
Abraxas Petroleum Corporation today provided an operational update. Rocky Mountain - North Dakota The refurbishment of the Company owned drilling rig has been completed and is currently rigging up in McKenzie County, North Dakota where it is scheduled to spud…

- Abraxas Provides Operational Update

January 04,2012
Abraxas Petroleum Corporation (NASDAQ:AXAS) today provided an operational update. Rocky Mountain – North Dakota In McKenzie County, North Dakota, one gross (0.03 net) non-operated well recently came on-line at rates in excess of 1,500 barrels of oil equivalent…

- Abraxas Announces 2012 Capital Expenditure Budget of $70 Million

November 14,2011
Abraxas Petroleum Corporation has reported its 2012 capital expenditure budget of $70 million, targeting oil and liquids-rich projects across all of its operating areas. “We are pleased to announce our 2012 capital expenditure budget of $70 million which is a…

- Abraxas Reports 3Q11 Results, Bakken, Niobrara, Eagle Ford and Permian Update

November 09,2011
Rocky Mountain - North Dakota / Montana  In various counties in North Dakota and Montana, during the third quarter five gross (0.21 net) non-operated horizontal wells, targeting the Bakken or Three Forks formation, came on-line. An additional two gross (0.05…

- Abraxas Issues 2011 Production Guidance

August 09,2011
Abraxas Petroleum Corporation  today provided an operational update and issued production guidance for 2011. Rocky Mountain - North Dakota / Montana In McKenzie County, North Dakota, Abraxas drilled the Stenehjem 27-34 1H to a total measured depth…

- Abraxas Announces Purchase of Bakken Drilling Rig

July 06,2011
Abraxas Petroleum Corporation has purchased a drilling rig and hired an experienced rig operator. Abraxas purchased a used Oilwell 2000 hp diesel electric drilling rig, which will be refurbished and mobilized to the Williston Basin to drill Bakken / Three…

- Abraxas Updates Ops at Bakken, Eagle Ford and Niobrara Projects

June 29,2011
Abraxas Petroleum Corporation today provided an operational update. Rocky Mountain - North Dakota / Montana In McKenzie County, North Dakota, Abraxas drilled the Stenehjem 27-34 1H to a total measured depth of 16,504 feet, including a 5,965 foot…

 Company Divestiture

Announce DateBuyer$MMTypePlay/LocationDetails
Apr-04-2014 3 Property Permian Basin  Details
Dec-23-2013 4 Asset Eagle Ford Shale,Bakken Shale & Three Forks  Details
Dec-09-2013 71 Property Eagle Ford Shale  Details
Jun-17-2013 38 Property Bakken Shale & Three Forks  Details
Nov-20-2012 19 Asset Eagle Ford Shale  Details
Aug-18-2010 25 JV Eagle Ford Shale  Details
Feb-01-2010 5 Asset Bakken Shale & Three Forks  Details
Aug-08-2009 -- JV Eagle Ford Shale  Details


 Company Acquisitions

Announce DateSeller$MMTypePlay/LocationDetails
Aug-08-2009 -- JV Eagle Ford Shale  Details

Abraxas Planning 2015 Budget Boost; Eagle Ford Focus

November 10,2014
Abraxas Petroleum Corporation reported a 2014 guidance update and announces 2015 guidance and capital budget.

Abraxas' Oil-Weighted Ops Balance Out Tough Quarter

August 06,2014
Net income for the three months ended June 30, 2014 was $3.0 million, or $0.03 per share.

Abraxas Completes 49-Stage Frac in Eagle Ford; Hits Bakken Snag

August 04,2014
Bob Watson, President and CEO, commented, "Our well performance continues to meaningfully surpass our expectations."

Abraxas' Bakken Jore Federal 1H Hits 1,037 BOE/d

July 09,2014
Abraxas owns a working interest of approximately 76%, 51% and 73% in the Jore Federal, Ravin West and Stenehjem wells, respectively.

Abraxas Cases Eagle Ford Lateral; Flows Dutch 1H to Sales

July 09,2014
Abraxas Petroleum Corporation has recently drilled and cased the lateral of the Ribeye 1H at 14,983 feet in the Eagle Ford.

Abraxas Ramps Up Eagle Ford Activity

June 13,2014
Stephens Inc., Canaccord Genuity Inc. and Robert W. Baird & Co. Inc. are acting as joint book-runners in the offering.

Abraxas Details Cave Well in Eagle Ford

June 06,2014
Abraxas Petroleum detailed Eagle Ford operations in the latest investor presentation.

Abraxas to Ramp Up Eagle Ford Spending; Drill Three More Wells

June 05,2014
Bob Watson, President and CEO, commented, "We recently elected to capitalize on the success of our Eagle Ford program by increasing our capital budget to $160 million."

Abraxas IPs Eagle Ford Wells; Talks 99-Stage Bakken Frac

June 05,2014
Additionally, Abraxas’ board of directors recently elected to increase our 2014 capital budget to $160 million.

Abraxas Surpasses 1Q Guidance; Tags 4,189 BOE/d

May 08,2014
Adjusted net income, excluding certain non-cash items and inclusive of Raven Drilling of $6.3 million, or $0.07 per share.

Abraxas Preps to Frac Bakken Wells; Details Eagle Ford Results

April 04,2014
Abraxas Petroleum Corporation has reported the following operational update on its Eagle Ford and Bakken projects.

Abraxas Details Eagle Ford Shale Well IPs

March 12,2014
At Abraxas’ Cave prospect, in McMullen County, Texas, the company recently completed the Dutch 2H with a 36 stage stimulation. The well....

Abraxas Touts 'Iron Clad Balance Sheet' Going into 2014

February 21,2014
Bob Watson, President & CEO, commented: "Looking forward, Abraxas now has an iron clad balance sheet, a larger, more focused and profitable reserve and production base and a plethora of low risk, high rate of return development opportunities."

Abraxas IPs Eagle Ford Well; Cases Jore 1H in the Bakken

February 11,2014
Abraxas has detailed its most recent progress at its Eagle Ford and Bakken projects.

Abraxas IPs Multiple Bakken/Three Forks Lillibridge Wells

January 07,2014
Abraxas has detailed flow rates at its Lillibridge 5H, 6H, 7H and 8H wells.

Abraxas IPs Permian Spires Ranch Well; Talks Eagle Ford A&D Outlook

January 07,2014
Abraxas Petroleum Corp. has reported an update on its Texas operations, including its Eagle Ford shale growth and acquisitions outlook.

Abraxas Honing In on Bakken, Eagle Ford in 2014; Details CapEx

December 23,2013
Taking this capital budget into consideration, Abraxas expects 2014 production to average between 4,900 and 5,100 boepd.

Abraxas Credits Eagle Ford, Bakken for E&P 'Transformation'

November 11,2013
Bob Watson, President and CEO, commented, "Evidence of Abraxas’ transformation into a focused high rate of return E&P is clearly evident in our third quarter numbers, which more than doubled street expectations."

Abraxas Ahead of Schedule at Bakken Lillibridge Prospect

September 27,2013
Abraxas owns a working interest of approximately 34% in both the Lillibridge East and West pads.

Abraxas IPs Eagle Ford Wells; Preps to Frac in the Permian

September 10,2013
Abraxas details the results of its latest pilot wells in the Eagle Ford shale, including the Camaro B 3H and B 4H.