Analyst Research

Report Title Price
Provider: ValuEngine, Inc.
$25.00
Provider: New Constructs, LLC
$25.00
Provider: S&P Capital IQ Quantitative Report
$127.00
Provider: Pechala's Reports
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Abraxas Petroleum Corp Announces Signing Of Nordheim Definitive Agreement


Tuesday, 20 Nov 2012 04:15pm EST 

Abraxas Petroleum Corp announced that it has signed an agreement to sell the Company‚Äôs 25% working interest at the Nordheim Project in the Eagle Ford shale to a institutional buyer for proceeds of $19.1mm. The sale is subject to customary closing conditions and purchase price adjustments and reflects an effective date of September 1, 2012. The asset consists of 544 net acres in DeWitt County, Texas and approximately 64 boepd (56% gas; 26% NGLs; 26% oil) of net production. Abraxas will retain the rights to its Edwards production, reserves and upside across both its Nordheim and Wagner lease blocks. Closing is scheduled for December 17, 2012. Petrie Partners acted as financial advisor for Abraxas on the sale. 

Company Quote

5.5
-0.305 -5.25%
28 Jul 2014