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Abraxas Taps Petrie for Aid in Strategic Alternatives
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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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