Edition:
United States

Abraxas Petroleum Corp (AXAS.O)

AXAS.O on Consolidated Issue listed on NASDAQ Capital Market

1.68USD
23 Aug 2017
Change (% chg)

-- (--)
Prev Close
$1.68
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
1,271,818
52-wk High
$2.99
52-wk Low
$1.31

Latest Key Developments (Source: Significant Developments)

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

Abraxas provides divestiture, hedging and operational update
Tuesday, 20 Sep 2016 04:15pm EDT 

Abraxas Petroleum Corp: Abraxas provides divestiture, hedging and operational update . Says proceeds will be used to pay down company's credit facility to approximately $88 million . In Abraxas' gulf coast region, recently closed on sale of portilla field, associated surface acreage for net proceeds of about $13 million .In Texas, signed deal to sell company's 12,178 acre surface ranch and ½ of Co's minerals on property for gross proceeds of $6.7 million.  Full Article

Abraxas petroleum q2 adjusted non-gaap loss per share $0.05 excluding items
Tuesday, 9 Aug 2016 04:20pm EDT 

Abraxas Petroleum Corp : Q2 adjusted non-gaap loss per share $0.05 excluding items . Q2 revenue $11 million versus I/B/E/S view $12.8 million . Abraxas announces second quarter 2016 results . Q2 loss per share $0.40 . Q2 earnings per share view $0.00 -- Thomson Reuters I/B/E/S . Production volumes for q2 were negatively impacted by gas processing curtailments in permian and shut-ins and downtime in bakken .Production for q2 of 2016 averaged approximately 4,883 boepd.  Full Article

Abraxas Petroleum says files for mixed shelf of upto $200 mln - SEC Filing
Thursday, 30 Jun 2016 03:12pm EDT 

Abraxas Petroleum Corp :Files for mixed shelf of upto $200 million - SEC Filing.  Full Article

Abraxas announces spudding of first well targeting the Austin Chalk at Jourdanton
Tuesday, 21 Jun 2016 04:15pm EDT 

Abraxas Petroleum Corp : Abraxas is adjusting company's 2016 capital expenditure guidance to $30-$40 million . Production guidance remains 6,000-6,400 BOEPD for 2016 .Abraxas announces spudding of first well targeting the Austin Chalk at Jourdanton; updates status of potential joint venture and provides capital expenditure update; announces departure of vice president of exploration.  Full Article

Abraxas Petroleum prices 25 mln stock offering at $1/shr
Friday, 20 May 2016 08:39am EDT 

Abraxas Petroleum Corp : Abraxas Petroleum announces pricing of common stock offering . Says public offering of 25.0 million common shares priced at $1.00 per share .Says public offering of 25.0 million common shares priced at $1.00 per share.  Full Article

Abraxas Petroleum says offering 25 mln common shares
Thursday, 19 May 2016 04:13pm EDT 

Abraxas Petroleum Corp : Says offering 25.0 million common shares .Abraxas Petroleum Corp says intends to use net proceeds from this offering to repay indebtedness outstanding under credit facility.  Full Article

Abraxas Petroleum Corp says ends sales efforts for some assets
Thursday, 19 May 2016 04:02pm EDT 

Abraxas Petroleum Corp : Recently elected to conclude sales efforts for company's Ward and Reeves County assets . Decided that best way to maximize value of these assets was to commence a development program . Plans to test Bone Spring and Wolfcamp A across this acreage by commencing a two well drilling program this year . Abraxas plans to spud company's first well in Q3 of 2016 . Abraxas' capital budget for 2016 has been preliminarily increased to $40 million for 2016 . Estimated 2016 production volumes associated with $40 million budget are forecasted to be 6,200 boepd at midpoint of guidance . Sold an overriding royalty interest that varies from 1 pct - 5 pct across 3,184 net acres in Martin County, Texas for approximately $2.8 million . Estimated production volumes associated with $40 million budget are forecasted to be 6,200 boepd at midpoint of guidance for 2016 .Abraxas provides operations update; raises 2016 guidance and capital budget.  Full Article

Abraxas Petroleum Q1 loss per share $0.39
Tuesday, 10 May 2016 05:15pm EDT 

Abraxas Petroleum Corp Says Maintains Its Stated Production Guidance Of 5,800 : After applying additional free cash flow to paying down borrowings currently have $123.0 million outstanding on revolving line of credit . Abraxas petroleum corp says signed a proposal and expect to close on sale of some overriding royalty interests for $2.8 million in coming week . Says maintains its stated production guidance of 5,800-6,300 boepd for year . Abraxas petroleum corp says post close expect to reduce borrowings further to approximately $120.0 million . 15% drop in production from q1 to q2 of 2016 . 6,300 boepd for year . Abraxas announces first quarter 2016 results . Q1 adjusted non-gaap loss per share $0.01 excluding items . Q1 loss per share $0.39 . Q1 revenue $15.3 million versus i/b/e/s view $13.9 million .Q1 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Abraxas Petroleum files for sale of up to an aggregate of 2 mln shares

* Abraxas Petroleum Corp files for sale of up to an aggregate of 2 million shares of common stock by the selling stockholder - sec filing Source text: (http://bit.ly/2uuwaru) Further company coverage: