Key Developments: Abraxas Petroleum Corp (AXAS.O)

AXAS.O on Consolidated Issue listed on NASDAQ Capital Market

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11 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Abraxas Petroleum Corp announces exercise of over-allotment option and closing of public offering
Tuesday, 24 Jun 2014 01:11pm EDT 

Abraxas Petroleum Corp:Closes public offering of 11,500,000 shares of common stock including 1,500,000 shares sold pursuant to exercise by underwriters of their full option to purchase additional shares at a price of $5.00 per share, less applicable underwriting discounts.Offering was made pursuant to effective shelf registration statement on Form S-3 previously filed by company with the SEC.Stephens Inc., Canaccord Genuity Inc. and Robert W. Baird & Co. Inc. acted as joint book-runners in the offering.  Full Article

Abraxas Petroleum Corp announces pricing of public offering
Wednesday, 18 Jun 2014 06:51pm EDT 

Abraxas Petroleum Corp:Prices its previously announced underwritten public offering of 10,000,000 shares of its common stock at a public offering price of $5.00 per share.Grants underwriters a 30-day option to purchase up to 1,500,000 additional shares of common stock.Offering is expected to settle and close on or about June 24.Intends to use net proceeds from this offering of about $47.0 mln (and net proceeds from any exercise of underwriters' option to purchase additional shares of common stock) to accelerate its 2014 drilling program on both its Bakken and Eagle Ford properties.Acquire additional leased acreage primarily in Eagle Ford, repay indebtedness outstanding under its credit facility and for general corporate purposes.Stephens Inc., Canaccord Genuity Inc. and Robert W. Baird & Co. Inc. are acting as joint book-runners in offering.  Full Article

Abraxas Petroleum Corp launches common stock offering
Thursday, 12 Jun 2014 04:42pm EDT 

Abraxas Petroleum Corp:Announces the commencement of an underwritten public offering of 10,000,000 shares of its common stock, subject to market and other conditions.Underwriters will have an option to purchase up to an additional 1,500,000 shares from Abraxas.Intends to use the net proceeds from this offering for general corporate purposes, which includes an acceleration of the company's Eagle Ford drilling program.  Full Article

Abraxas Petroleum Corp raises FY 2014 production guidance
Thursday, 12 Jun 2014 04:05pm EDT 

Abraxas Petroleum Corp:Updates FY 2014 production guidance to a range of 5,800 to 6,000 boepd (previous range was 5,500 to 5,700 boepd).  Full Article

Abraxas Petroleum Corp gives Q2 2014 production guidance
Monday, 5 May 2014 04:00pm EDT 

Abraxas Petroleum Corp:Expects Q2 2014 production guidance to be between 4,900 and 5,100 boepd.  Full Article

Abraxas Petroleum Corp raises FY 2014 production guidance
Monday, 23 Dec 2013 06:00am EST 

Abraxas Petroleum Corp:Sees FY 2014 production guidance to average between 4,900 and 5,100 boepd.  Full Article

Abraxas Petroleum Corp announces sale of WyCross for $73 Million
Monday, 9 Dec 2013 06:30am EST 

Abraxas Petroleum Corp:Says the execution of a definitive agreement to sell the company's Eagle Ford interests at WyCross in McMullen County, Texas for $73 million.  Full Article

Abraxas Petroleum Corp Issues FY 2014 Production Guidance
Wednesday, 6 Nov 2013 06:00am EST 

Abraxas Petroleum Corp announced that it expects fiscal 2014 production to average 4,400-4,500 boepd and is maintaining its previously announced targeted exit rate of 5,300 boepd.  Full Article

Abraxas Petroleum Corp Raises FY 2013 Production Guidance
Tuesday, 13 Aug 2013 04:20pm EDT 

Abraxas Petroleum Corp announced that given the revised activity levels and production revisions associated with recent asset sales and Eagle Ford acreage acquisitions, Abraxas projects production of approximately 4,600-4,800 boepd for fiscal 2013.  Full Article

Natural Resource Partners LP Completes Acquisition of Bakken Oil and Gas Assets From Abraxas Petroleum Corp
Monday, 12 Aug 2013 05:05pm EDT 

Natural Resource Partners LP announced that it has completed the previously announced acquisition of non-operated working interests in the Bakken/Three Forks play from Abraxas Petroleum Corporation for $38.3 million in cash after purchase price adjustments. The acquisition has an effective date of March 1, 2013. The acquisition consists of approximately 13,500 net acres that are held by production with an estimated average working interest of 11% in the Bakken/Three Forks play. The acquisition includes approximately 134 producing wells in addition to interests in 18 wells that are in various stages of development. NRP expects the acquisition to be immediately accretive to NRP's unitholders.  Full Article

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