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Abraxas Petroleum and Abraxas Energy Announce Merger

Abraxas Petroleum Corp. Not Disclosed
AnnouncedJun 18, 2009
TypeCorporate
Announced Date
June 18,2009
Effective Date
October 05,2009
Close Date
October 05,2009
Transaction Type
Corporate
Enterprise Value (EV)($MM)
44




Snapshot
Location
Country
United States

State
Texas


Transaction Details:  Subscribe to see

Abraxas Petroleum Corporation and Abraxas Energy Partners, L.P. are pleased to announce that they have entered into a letter of intent with the holders of 96% of the common units of Abraxas Energy not held by a wholly-owned subsidiary of Abraxas Petroleum, pursuant to which Abraxas Energy will merge into Abraxas Petroleum.

The letter of intent provides for Abraxas Petroleum to acquire the outstanding common units of Abraxas Energy not currently held by a wholly-owned subsidiary of Abraxas Petroleum for $6.00 per common unit payable in shares of Abraxas Petroleum common stock.

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