Reserves | Key Wells | Drilling Activity
Abraxas Spins Bit at Wolfcamp, Bakken and Eagle Ford Wells
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Abraxas Petroleum provided the following reserve and operational update.
Highlights include: Proved reserves grew 1.5 MMBoe to 44.7 MMBoe for the year ending December 31, 2016 Production of 6,181 Boepd at the approximate midpoint of guidance for the year ending December 31, 2016 despite 175 Boepd of asset sales during 2016 Capital expenditures of $31.7 million 9% below revised guidance All operations on track with original schedule Delaware BasinIn Ward County, Texas, Abraxas recently spud a two well pad in the Caprito 98-201H and Caprito 98-301H in February, 2017. The Caprito 98-301H will target the Wolfcamp A2 zone, which Abraxas targeted in the Caprito 99-101H (renamed to the Caprito 99-302H). The Caprito 98-201H will target an additional prospective zone in the Wolfcamp A1. Abraxas…
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