Exploration & Production | Top Story | Capital Markets | Capital Expenditure
Abraxas to Ramp Up Eagle Ford Spending; Drill Three More Wells
Print
|
Abraxas Petroleum Corp. has reported plans to increase its spending in the Eagle Ford.
Abraxas’ board of directors recently elected to increase our 2014 capital budget to $160 million. The company intends to use the increased amount ($35 million) to drill three incremental Eagle Ford wells: the Ribeye 1H, the Dutch 3H and the Dutch 4H. We believe that the increased capital program will be funded by increased cash flows from operations and borrowings under the company's credit facility. The borrowing base for the company’s credit facility is currently undergoing its annual redetermination, and, based on our independent reserve report and drilling results, we believe that our lenders will increase this amount.
In connection with the increased capital program, Abraxas is raising its 2014…
- ✓ 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
Gulf Coast - South Texas News
An Eagle Ford Team That Cashed Out Is Back for Another Cycle
Houston — January 15, 2026 — Lime Rock Partners, a Houston-based private investment firm specializing in upstream oil and gas, has completed an equity commitment to Athena Energy…
Silver Hill Expands South Texas Footprint with Acquisition of 1776 Energy Assets
Silver Hill Energy Partners has acquired 100 percent of 1776 Energy’s South Texas oil and gas assets, significantly expanding its operated footprint across the Eagle Ford and Austin…
Murphy’s Eagle Ford Keeps Getting Better
Murphy Oil walked into Q3 2025 with a simple message: operations are clicking again, and the company is delivering production and cost performance that gives them flexibility heading…
Baytex Sells Eagle Ford to Re-Weight the Portfolio to Canada
Baytex Energy has announced a major portfolio shift: the Company is divesting its entire U.S. Eagle Ford position for US$2.305 billion in cash to an undisclosed buyer. The…
Chesapeake Energy Q4, Full Year 2022 Results; IDs $1.8B 2023 Capex
Chesapeake Energy Corp. reported fourth quarter and full-year 2022 results and issued 2023 guidance. Fourth Quarter 2022 Highlights: Net cash provided by operating activities of $1,050 million Net…