• Abraxas Petroleum Corp. ( NYSE: AXAS )

Latest News & Activity


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 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


18803 Meisner Drive
San Antonio Texas 78258
Phone : -


2017 Capex, Production, Well Activity

Capital Expenditure

2016 (Actual) 2017 (Estimate) Percentage Difference
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Latest Presentations       More Presentations>>

February 06, 2017


Personnel (12 people)

Chief Accounting Officer
Phone : -
Manager Human Resources
Phone : -
Senior Operations Engineer
email -
Phone : -
Senior Geologist
email -
Phone : -
Chief Financial Officer
email -
Phone : -
Senior Operations Engineer
Phone : -
Regional Operations Manager
email -
Phone : -
Vice President - Exploration
email -
Phone : -
Vice President - Engineering
email -
Phone : -
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

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Drilling & Completion Activity
Company Name Capital $MM Area/Play Plan To Drill/Spud Wells Completed On-Production /Sales

- Abraxas Announces Rig and Drilling Plans for Delaware, Bakken Operations

March 15,2017
Abraxas Petroleum Corporation  reported financial and operating results for the three and twelve months ended December 31, 2016. Production: Three months ended December 31, 2016: Production of 732 MBoe (7,955 Boepd) Twelve months ended December 31, 2016: Production of 2.3…

- Abraxas Spins Bit at Wolfcamp, Bakken and Eagle Ford Wells

February 17,2017
Abraxas Petroleum provided the following reserve and operational update.

- Permian, Bakken E&P Increases 2017 Capex by 83%; $110MM

January 19,2017
The company originally planned a 2017 capex of $60 million.

Abraxas Permian Short Lateral Flows 1267 Boe/d; Pecos County Deal Terminated

January 03,2017
Abraxas provided the following update to its operated areas. Permian In Ward County, Texas, Abraxas successfully completed the 4,963 foot effective lateral of the Caprito 99-101H with a 25 stage completion. The results of the well significantly exceeded expectations with…

- Abraxas IDs 2017 Budget at $60 Million; 71% More Than 2016

November 08,2016
Abraxas Petroleum has detailed its spending plans for 2017.

 Company Divestiture

Announce Date Buyer$MMTypePlay/LocationDetails
Nov-08-2016 11 Asset Powder River Basin  Details
Sep-20-2016 13 Asset United States  Details
Mar-01-2016 2 Property Powder River Basin  Details
Apr-04-2014 3 Property Permian Basin  Details
Dec-23-2013 4 Property 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 Property Eagle Ford Shale  Details
Aug-18-2010 25 JV Eagle Ford Shale  Details
Feb-01-2010 5 Property Bakken Shale & Three Forks  Details

 Company Acquisitions

Announce DateSeller$MMTypePlay/LocationDetails
Aug-08-2009 -- JV Eagle Ford Shale  Details
Jun-18-2009 -- M&A United States  Details
Nov-12-2007 131 Property United States  Details
Nov-12-1997 -- M&A United States  Details

Abraxas Spuds First Austin Chalk Well as JV Partner Drops Out

June 21,2016
Abraxas recently elected to terminate discussions with the previously disclosed potential joint venture candidate...

Abraxas Ups Ante in Bakken Project; Preps for Eagle Ford Frac

May 04,2015
The company also reaffirmed its borrowing base and updated its 2015 guidance.

Abraxas Lowers Spending, Delaying Completions

February 24,2015
May delay completions until service costs and commodity prices justify sufficient return on capital.

The Bakken/Three Forks in 2015: Budgets & Hedges

February 10,2015
Part IV of our "Budgets & Hedges" feature series is focused on the Bakken/Three Forks play. Eight companies' 2015 budgets and hedge positions (if available) are detailed.

The Eagle Ford in 2015: Budgets & Hedges

February 04,2015
As oil prices slip, spending is being cut by operators across many plays. However, a number of companies in the Eagle Ford Shale are devoting more capital to the play than in 2014.

Abraxas Tags 30-Day IPs at Bakken, Eagle Ford Projects

February 03,2015
At Abraxas’ Jourdanton prospect in Atascosa County, Texas, the Cat Eye 1H averaged 491 boepd and at its North Fork prospect, the Stenehjem 3H produced...

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.

Powder River Turn-Around: Companies Double Production in Wyoming

November 05,2014
Powder River Basin in eastern Wyoming has experienced a boom in production.

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."