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Abraxas Announces Rig and Drilling Plans for Delaware, Bakken Operations

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Abraxas Announces Rig and Drilling Plans for Delaware, Bakken Operations

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 MMBoe (6,181 Boepd)

Drilling plans:

Delaware Basin 4 wells planned to drill

Two well pad: Wolfcamp A2 / B

Two well pad: Wolfcamp A1 /  Third Bone Spring

1 Rig

Williston Basin 3 wells planned to drill

Three well pad: Yellowstone Unit

1 Rig

Eagle Ford 1 well planned to drill

Shut Eye Unit Well

1 Rig

Operational Update

Permian/Delaware Basin

In Ward County, Texas, Abraxas is currently drilling a two well pad in the Caprito 98-201H and Caprito 98-301HR. The Caprito 98-301HR will target the Wolfcamp A2 zone and replaces the…

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