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Abraxas Petroleum Corp (AXAS.O)

AXAS.O on Consolidated Issue listed on NASDAQ Capital Market

1.77USD
26 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Abraxas Petroleum announces signing of DEAL to acquire 853 net Delaware Basin Bone Spring/Wolfcamp acres for $4.6 million
Friday, 14 Jul 2017 07:00am EDT 

July 14 (Reuters) - Abraxas Petroleum Corp ::Says midpoint of 2017 G&A guidance increasing by about $1.25 million to account for bonus accruals & additional staffing needs.Says plans to revisit 2017 production guidance after achieving stabilized rates from company's recent completions.Announces acquisition of 853 Net Delaware Basin Bone Spring/Wolfcamp Acres and provides divestiture update.Announces Acquisition Of 853 Net Delaware Basin Bone Spring/Wolfcamp Acres and provides divestiture update.Says definitive agreement signed to sell a portion of company's Powder River Basin assets for $4.6 million.Says ‍increasing capital expenditure budget to $120 million for 2017.​.Says ‍with continued cost control,divestiture of high LOE barrels, reducing midpoint of LOE guidance by approximately $1.00/BBL for 2017​.  Full Article

Abraxas acquires 2,008 net Wolfcamp/Bone Spring acres
Tuesday, 23 May 2017 04:15pm EDT 

May 23 (Reuters) - Abraxas Petroleum Corp :Abraxas announces acquisition of 2,008 net wolfcamp/bone spring acres.Abraxas petroleum corp - deal for $22.2 million.Abraxas petroleum corp - abraxas plans to fund acquisition entirely on company's line of credit with an anticipated closing date in june 2017.  Full Article

Abraxas reports Q1 earnings per share $0.09
Tuesday, 9 May 2017 04:15pm EDT 

May 9 (Reuters) - Abraxas Petroleum Corp :Abraxas announces first quarter 2017 results.Q1 adjusted earnings per share $0.03 excluding items.Q1 earnings per share $0.09.Q1 revenue $18.8 million versus I/B/E/S view $19.8 million.Q1 earnings per share view $0.02 -- Thomson Reuters I/B/E/S.Abraxas Petroleum Corp says abraxas reiterates its 2017 full year guidance of 7,800 to 8,600 boepd on a capital expenditure budget of $110 million.Abraxas Petroleum Corp says also reiterates company's cost guidance for year.  Full Article

Abraxas Petroleum sees 2017 LOE of $6.00 -$8.00 per BOE
Monday, 6 Feb 2017 04:46pm EST 

Abraxas Petroleum Corp : Abraxas Petroleum Corp- sees 2017 production 7800 boepd-8600 boepd - .Sees 2017 LOE of $6.00 -$8.00 per BOE.  Full Article

Abraxas prices 25 mln share offering at $2.40 per share
Friday, 20 Jan 2017 07:43am EST 

Abraxas Petroleum Corp - : Abraxas Petroleum announces pricing of upsized common stock offering .Has priced upsized underwritten public offering of 25 million shares of its common stock at a public offering price of $2.40 per share.  Full Article

Abraxas launches common stock offering
Thursday, 19 Jan 2017 04:23pm EST 

Abraxas Petroleum Corp - : Abraxas launches common stock offering . Says offering 20.0 million common shares .Plan to use net proceeds from offering to accelerate drilling program with expanded 2017 capital expenditure of about $110 million.  Full Article

Abraxas files for offering of up to 20 mln shares
Thursday, 19 Jan 2017 04:20pm EST 

Abraxas Petroleum Corp :Files for offering of up to 20.0 million shares of co's common stock - SEC filing.  Full Article

Abraxas updates 2017 capex and production guidance
Thursday, 19 Jan 2017 04:01pm EST 

Abraxas Petroleum Corp - : Abraxas announces acceleration of 2017 planned activity; updates capex and production guidance . Says board of directors recently approved an increase in Abraxas' 2017 capital budget from $60 million to $110 million . Forecasts increase in activity will lead to average production of 8,200 boepd at midpoint of updated 2017 guidance . Expects to fund this increase in its capital budget through cash on hand, availability under its credit facility . Sees 2017 exit rate of approximately 9,500 Boepd .Forecasts average production of 8,200 boepd at midpoint of updated 2017 guidance with a 2017 exit rate of about 9,500 boepd.  Full Article

Abraxas provides operational and divestiture update
Tuesday, 3 Jan 2017 04:37pm EST 

Abraxas Petroleum Corp : Abraxas provides operational and divestiture update . Abraxas Petroleum Corp - continues to market company's remaining assets in Powder river basin . Abraxas Petroleum Corp says Abraxas permitted and plans to spud a two well pad in Caprito 98-201H and Caprito 98-301H in February, 2017 . Abraxas Petroleum Corp says recently received a termination notice from potential buyer of company's hudgins ranch property in Pecos County, Texas . Abraxas Petroleum Corp says did retain 50 pct of survey fees associated with terminated sale . Abraxas Petroleum Corp says is currently remarketing property and is in discussions with several potential buyers .Abraxas Petroleum Corp - continues to explore opportunities to expand existing position in Caprito.  Full Article

Abraxas petroleum 2017 guidance for production 7,000 boepd - 7,400 boepd
Monday, 5 Dec 2016 06:01pm EST 

Abraxas Petroleum Corp :2017 operating guidance for production 7,000 boepd - 7,400 boepd.  Full Article

BRIEF-Abraxas Petroleum announces signing of DEAL to acquire 853 net Delaware Basin Bone Spring/Wolfcamp acres for $4.6 million

* Says midpoint of 2017 G&A guidance increasing by about $1.25 million to account for bonus accruals & additional staffing needs