Skip to main content

Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Exploration & Production | Top Story

Abraxas Details Cave Well in Eagle Ford

printPrint    |   
Abraxas Details Cave Well in Eagle Ford

Abraxas Petroleum detailed Eagle Ford operations in the latest investor presentation.

Abraxas is expecting rather quick growth in production, increasing by 1,000 bpd by the end of the year, or about 20% of their current production. The company's capex is "front-end loaded," so they will spend the majority of their $160 MM 2014 budget by the end of 2Q 2014.

The overall acreage position in the Eagle Ford is small as Abraxas is a smaller E&P company focused on rate of return.  This does provide more flexibility to develop more intensively and adapt to different conditions in geology.  The wells that are drilled tend to have higher stages than average, longer laterals, and produce well.

Enlarge Image

Enlarge Image

Enlarge Image

Cave Well: Abraxas is a small company, and more flexible with…

Finish this article — free account or subscription
  • ✓  Full news archive — U.S., Canada & international coverage
  • ✓  A&D transactions — asset deals, corporate M&A, assets for sale
  • ✓  Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in


Gulf Coast - South Texas News