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Abraxas Touts Latest Wolfcamp Pad Results; Increases Bakken Frac Stages +46%

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Abraxas Touts Latest Wolfcamp Pad Results; Increases Bakken Frac Stages +46%

Abraxas Petroleum reported an update.

Delaware Basin - Greasewood Pad Results, Next Wells

In Ward County, the two well Greasewood pad with 4,800' laterals in the Wolfcamp A-1 and Wolfcamp A-2, has started producing oil after flowback started approximately a month ago. With a 7-day average of ~1,100 boe/d per well (two-stream, 83% oil) we are encouraged by the initial results. Abraxas owns a 100% working interest in this pad.

Also in Ward County, fraccing is complete on the two well Mesquite pad. First production is expected within the next 14-18 days. Abraxas owns a 73% working interest in these 4,800' laterals in 3rd Bone Spring Shale and 3rd Bone Spring Sandstone.

Our rig is currently drilling to TD in the lateral section on our Pecan 47 well, a scheduled 4,800' lateral in the Wolfcamp…

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