Operator · Permian Basin
Abraxas Petroleum Corp.
80 articles mentioning Abraxas Petroleum Corp. · Page 1 of 4
Abraxas Petroleum Regains Nasdaq Compliance
Abraxas Petroleum Corp. has received a confirmation letter that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum average closing price of $1.00 per share over a period of 10 consecutive trading...
Abraxas Begins Another Strategic Alternative Review
Abraxas Petroleum Corp.'s Board of Directors has determined to renew the strategic alternatives review announced last October and led by Petrie Partners, LLC. Abraxas CEO Bob Watson said: "Petrie has been a great partner for Abraxas...
Abraxas Out of Compliance with Nasdaq Due to Late 10-Q
Abraxas Petroleum Corp. has received notice from NASDAQ that it is out of compliance with listing rules due to a delayed Form 10-Q filing for the period ended March 31, 2020. Abraxas plans to pursue actions...
Abraxas Out of NASDAQ Compliance Due to Delayed 10-K Filing
Abraxas Petroleum Corp. has received notice from the NASDAQ market that it is not presently in compliance with the NASDAQ continued listing rules since the Company has not yet filed its Form 10-K for the period...
Abraxas Cuts G&A Costs 40%; Lower Salaries, Layoffs, Smaller Board
Abraxas Petroleum Corp. has made moves to reduce its G&A expenses by approximately 40%. [removed]// This was accomplished by a combination of salary reductions, reduction in board size, and selective layoffs. The company will not drill...
Abraxas Out of Compliance with Nasdaq Exchange
Abraxas Petroleum Corp. announced that it received notice from The NASDAQ Stock Market LLC that the company did not then meet the NASDAQ continued listing standard which requires a minimum average closing price of $1.00 per...
Abraxas Talks Q3 2019 Results
Abraxas Petroleum Corp. reported its Q3 2019 results. Highlights: Production of 9,899 Boepd (up 3% vs 2Q19) Revenue of $31.5 million (down 9% vs 2Q19) Net income of $17.0 million, or $ 0.10 per share (up...
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...
Abraxas Suspends Delaware Basin Ops Until 2020; Details Pad Drilling Results
Abraxas Petroleum has detailed an update on its Permian operations. Delaware Basin After the fracing of the Greasewood Pad (see below), drilling operations in the Delaware Basin have been suspended with three commitment wells to be...
Abraxas Out of Nasdaq Compliance as Stock Price Falls Below $1.00
Abraxas Petroleum Corp. received notice that it does not presently meet the NASDAQ continued listing standard which requires a minimum average closing price of $1.00 per share over a period of 30 consecutive trading days. In...
Abraxas Details Q2 2019 Results
Abraxas Petroleum Corp. reported financial and operating results for the three and six months ended June 30, 2019. Financial Highlights for the Three Months Ended June 30, 2019 The three months ended June 30, 2019 resulted...
Abraxas Petroleum's Borrowing Base Upped to $217.5 Million
Abraxas Petroleum's borrowing base on the Company's $300 million senior secured credit facility has been increased from $200 million to $217.5 million. This is in connection with the Company's recent borrowing base redetermination. All other terms...
Operator Chops Permian 2019 Well Program -71%; Bakken Flat
Abraxas Petroleum has rolled out its 2019 operating program. Capital Expenditure The program calls for a -54% cut in Delaware-Permian capital (the entire budget is down-48%). However, the Bakken & Three Forks asset will actually see...
Abraxas Cuts Spending 23% for 2019, Talks Rig / Well Plans; Talks Q3 Bakken, Wolfcamp Drilling
Abraxas Petroleum reported its Q3 2018 results as well as announced its preliminary 2019 capex. 2019 Capital Budget Abraxas has approved a budget for 2019 of $108 million - this is down -23% from $140 million...
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...
Abraxas Reports Leadership Change
Abraxas Petroleum has announced a change in leadership roles. William H. Wallace, has resigned as VP of Operations to pursue other career opportunities. The Board of Directors of Abraxas has appointed Mr. Kenneth W. Johnson, currently...
Abraxas Talks Results from Latest 660' Spacing Test; Updates Bakken Ops
Abraxas has reported an update on its latest drilling activity and results. Delaware Basin Caprito Pad - Testing 660' Spacing On our four well Caprito 99 pad, we are testing spacing of 660' between parent/child wells...
Abraxas Beating Type Curves at Bakken, Delaware Basin Well Pads; Talks Production
Abraxas Petroleum reported its Q2 2018 results. Williston Basin - Exceeding Type Curve by 55% Yellowstone Pad On the Yellowstone NE Central pad, three wells, one in the Middle Bakken and two in the Three Forks,...
Abraxas Brings On New Director of Finance / Capital Markets
Abraxas has hired Steven P. Harris as its new Director of Finance / Capital Markets. About Harris: Mr. Harris brings over 20 years of financial and leadership experience to Abraxas. Most recently, Mr. Harris was with...
Abraxas Announces Resignation of CFO
Abraxas has announced that its CFO, Geoffrey R. King, submitted his resignation on June 4, 2018 to pursue another opportunity in the financial sector. Abraxas intends to immediately initiate a search for Mr. King's permanent successor....