• Abraxas Petroleum Corp. ( NYSE: AXAS )

Latest News & Activity


Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, development, exploration, and production of oil and gas in the United States and Canada Its oil and gas assets are primarily located in the Rocky Mountain, Mid-Continent, Permian Basin, and Gulf Coast regions of the United States, as well as in the province of Alberta, Canada As of the same date, it owned interests in 143,606 net acres; and operated 1,307 wells The company was founded in 1977 and is based in San Antonio, Texas


18803 Meisner Drive
San Antonio Texas 78258
Phone : -



Personnel (12 people)

Chief Accounting Officer
Phone : -
Manager Human Resources
Phone : -
Senior Operations Engineer
email -
Phone : -
Senior Geologist
email -
Phone : -
Chief Financial Officer
email -
Phone : -
Senior Operations Engineer
Phone : -
Regional Operations Manager
email -
Phone : -
Vice President - Exploration
email -
Phone : -
Vice President - Engineering
email -
Phone : -
President & CEO
email -
Phone : -
Frist Name Last Name Title Email Phone
Bill Krog Chief Accounting Officer 210-757-9832
Carol J Obrien Manager Human Resources 210-757-9875
Don Anderson Senior Operations Engineer danderson@abraxaspetroleum.com 210-757-9837
Doug Draves Senior Geologist ddraves@abraxaspetroleum.com 210-918-6640
Geoff King Chief Financial Officer gking@abraxaspetroleum.com 210-757-9835
Jeff Marshall Senior Operations Engineer 210-757-9862
Kenny Johnson Regional Operations Manager kjohnson@abraxaspetroleum.com 210-757-9868
Lee T Billingsley Vice President - Exploration lbillingsley@abraxaspetroleum.com 210-757-9865
Peter Bommer Vice President - Engineering pbommer@abraxaspetroleum.com 210-757-9872
Robert L G Watson President & CEO rwatson@abraxaspetroleum.com 210-757-9850
Tod Clarke Senior Land Manager tclarke@abraxaspetroleum.com 210-757-9846
Will Wallace VP Operations wwallace@abraxaspetroleum.com 210-757-9840

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Drilling & Completion Activity
Company Name Capital $MM Area/Play Plan To Drill/Spud Wells Completed On-Production /Sales

Abraxas' Borrowing Base Increased by 30% to $175MM

April 02,2018
[Summary: Abraxas has reported that its borrowing base has increased 30% to $175 million (up $40 million). At the end of Q1 2018, Abraxas was $104 million drawn on the credit facility with an estimated $5.5 million in cash,…

Abraxas Talks Q4 Production, Drilling Activity; Wolfcamp Downspacing

March 14,2018
[Summary: Abraxas reported its Q4 and full year 2017 results. Highlights: Production of 2.7 MMBoe (7,391 Boepd) Revenue of $86.3 million Net income of $16.0 million, or $0.10 per share Drilling Activity: Delaware Basin In…

- Abraxas Bumps Up 2018 Capex Over +50% to $140MM; Touts Delaware Well Results

January 31,2018
[Summary: Abraxas reported an operational update as well as changes to its 2018 capex. Capex / Guidance Revisions Abraxas has increased its 2018 capex to $140 million (up +56% from $90 million originally planned). This compares to a…

- Abraxas Unveils 2018 Budget; Bets Bulk on Delaware, Bakken

November 29,2017
[Summary: Abraxas reported its Q3 2017 results as well as its preliminary 2018 plans. Highlights include: Production of 805 MBoe (8,745 Boepd) 2018 Plans: Abraxas is slimming down spending -25% for 2018 to $90 million (down from $120…

Abraxas IPs New Delaware Basin Wells; Plans to Test 660' Spacing

September 20,2017
[Summary: Abraxas has IPed its Caprito wells in the Delaware Basin (Ward County, TX). Caprito 98-201H Wolfcamp A1 Zone average IP30 of 1,036 BOEPD 4,880' lateral Caprito 98-301HR Wolfcamp A2 Zone average IP30 of 999 BOEPD 4,880'…

 Company Divestiture

Announce Date Buyer$MMTypePlay/LocationDetails
Jul-14-2017 Property Powder River Basin 
Nov-08-2016 Property Powder River Basin 
Sep-20-2016 Property United States 
Mar-01-2016 Property Powder River Basin 
Apr-04-2014 Property Permian Basin 
Dec-23-2013 Property Eagle Ford Shale,Bakken Shale & Three Forks 
Dec-09-2013 Property Eagle Ford Shale 
Jun-17-2013 Property Bakken Shale & Three Forks 
Nov-20-2012 Property Eagle Ford Shale 
Aug-18-2010 JV Eagle Ford Shale 
Feb-01-2010 Property Bakken Shale & Three Forks 

 Company Acquisitions

Announce DateSeller$MMTypePlay/LocationDetails
Jan-31-2018 Acreage Delaware Basin 
Jul-14-2017 Property Delaware Basin 
May-23-2017 Property Delaware Basin 
Aug-08-2009 JV Eagle Ford Shale 
Jun-18-2009 Corporate United States 
Nov-12-2007 Property United States 
Nov-12-1997 Corporate United States 

Abraxas Spuds First Austin Chalk Well as JV Partner Drops Out

June 21,2016
Abraxas recently elected to terminate discussions with the previously disclosed potential joint venture candidate...

Abraxas Ups Ante in Bakken Project; Preps for Eagle Ford Frac

May 04,2015
The company also reaffirmed its borrowing base and updated its 2015 guidance.

Abraxas Lowers Spending, Delaying Completions

February 24,2015
May delay completions until service costs and commodity prices justify sufficient return on capital.

The Bakken/Three Forks in 2015: Budgets & Hedges

February 10,2015
Part IV of our "Budgets & Hedges" feature series is focused on the Bakken/Three Forks play. Eight companies' 2015 budgets and hedge positions (if available) are detailed.

The Eagle Ford in 2015: Budgets & Hedges

February 04,2015
As oil prices slip, spending is being cut by operators across many plays. However, a number of companies in the Eagle Ford Shale are devoting more capital to the play than in 2014.

Abraxas Tags 30-Day IPs at Bakken, Eagle Ford Projects

February 03,2015
At Abraxas’ Jourdanton prospect in Atascosa County, Texas, the Cat Eye 1H averaged 491 boepd and at its North Fork prospect, the Stenehjem 3H produced...

Abraxas Planning 2015 Budget Boost; Eagle Ford Focus

November 10,2014
Abraxas Petroleum Corporation reported a 2014 guidance update and announces 2015 guidance and capital budget.

Powder River Turn-Around: Companies Double Production in Wyoming

November 05,2014
Powder River Basin in eastern Wyoming has experienced a boom in production.

Abraxas' Oil-Weighted Ops Balance Out Tough Quarter

August 06,2014
Net income for the three months ended June 30, 2014 was $3.0 million, or $0.03 per share.

Abraxas Completes 49-Stage Frac in Eagle Ford; Hits Bakken Snag

August 04,2014
Bob Watson, President and CEO, commented, "Our well performance continues to meaningfully surpass our expectations."

Abraxas' Bakken Jore Federal 1H Hits 1,037 BOE/d

July 09,2014
Abraxas owns a working interest of approximately 76%, 51% and 73% in the Jore Federal, Ravin West and Stenehjem wells, respectively.

Abraxas Cases Eagle Ford Lateral; Flows Dutch 1H to Sales

July 09,2014
Abraxas Petroleum Corporation has recently drilled and cased the lateral of the Ribeye 1H at 14,983 feet in the Eagle Ford.

Abraxas Ramps Up Eagle Ford Activity

June 13,2014
Stephens Inc., Canaccord Genuity Inc. and Robert W. Baird & Co. Inc. are acting as joint book-runners in the offering.

Abraxas Details Cave Well in Eagle Ford

June 06,2014
Abraxas Petroleum detailed Eagle Ford operations in the latest investor presentation.

Abraxas to Ramp Up Eagle Ford Spending; Drill Three More Wells

June 05,2014
Bob Watson, President and CEO, commented, "We recently elected to capitalize on the success of our Eagle Ford program by increasing our capital budget to $160 million."

Abraxas IPs Eagle Ford Wells; Talks 99-Stage Bakken Frac

June 05,2014
Additionally, Abraxas’ board of directors recently elected to increase our 2014 capital budget to $160 million.

Abraxas Surpasses 1Q Guidance; Tags 4,189 BOE/d

May 08,2014
Adjusted net income, excluding certain non-cash items and inclusive of Raven Drilling of $6.3 million, or $0.07 per share.

Abraxas Preps to Frac Bakken Wells; Details Eagle Ford Results

April 04,2014
Abraxas Petroleum Corporation has reported the following operational update on its Eagle Ford and Bakken projects.

Abraxas Details Eagle Ford Shale Well IPs

March 12,2014
At Abraxas’ Cave prospect, in McMullen County, Texas, the company recently completed the Dutch 2H with a 36 stage stimulation. The well....

Abraxas Touts 'Iron Clad Balance Sheet' Going into 2014

February 21,2014
Bob Watson, President & CEO, commented: "Looking forward, Abraxas now has an iron clad balance sheet, a larger, more focused and profitable reserve and production base and a plethora of low risk, high rate of return development opportunities."