Exploration & Production | Capital Markets | Capital Expenditure
Abraxas Adds to Eagle Ford, Bakken, Permian Capital Programs
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Abraxas Petroleum Corporation has reported an operational update, announce the closing of the Company’s non-operated Bakken asset sale and provide an activity, CAPEX and production guidance update.
Operational UpdateIn McKenzie County, North Dakota, Abraxas successfully remediated the sand plug on the Lillibridge 4H. The Lillibridge 4H, producing from the Three Forks, is currently producing 1,436 boepd (1,112 barrels of oil per day, 140 barrels of NGLs per day, 1,105 mcf of natural gas per day) on a 20/64” choke. Combined, the four wells on the company’s Lillibridge East pad are producing approximately 5,503 boepd (4,036 barrels of oil per day, 721 barrels of NGLs per day, 4,476 mcf of natural gas per day). Abraxas owns a working interest of approximately 34% in the Lillibridge East pad.
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