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Abraxas Taps Petrie for Aid in Strategic Alternatives
Abraxas Petroleum Corp. announced Petrie Partners has been engaged to assist Abraxas with exploration of opportunities related to its interests in the Williston Basin of North Dakota. T
he Company has sold certain non-operated interests in the Bakken and continues to explore alternatives with regard to its remaining Williston Basin assets.
Petrie's expanded mandate to assess options for Abraxas is a broad one, which might include sales of assets, merger or acquisition transactions, additional financing alternatives or other strategic transactions. Petrie's Jon Hughes will lead the engagement for Abraxas.
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