Edition:
United States

Abraxas Petroleum Corp (AXAS.OQ)

AXAS.OQ on NASDAQ Stock Exchange Capital Market

2.84USD
20 Apr 2018
Change (% chg)

$-0.05 (-1.73%)
Prev Close
$2.89
Open
$2.86
Day's High
$2.87
Day's Low
$2.68
Volume
325,833
Avg. Vol
265,592
52-wk High
$2.98
52-wk Low
$1.46

Latest Key Developments (Source: Significant Developments)

Abraxas Petroleum Says Borrowing Base Under Revolving Credit Facility Raised To $175 Mln
Monday, 2 Apr 2018 06:00am EDT 

April 2 (Reuters) - Abraxas Petroleum Corp ::BORROWING BASE UNDER REVOLVING CREDIT FACILITY WAS INCREASED TO $175 MILLION.  Full Article

Abraxas Petroleum Corp Sees 2018 Total Capex Budget Allocation $140 Million
Tuesday, 20 Feb 2018 04:27pm EST 

Feb 20 (Reuters) - Abraxas Petroleum Corp ::ABRAXAS PETROLEUM CORP SEES 2018 TOTAL CAPEX BUDGET ALLOCATION $140 MILLION - SEC FILING‍​.ABRAXAS PETROLEUM CORP SEES 2018 PRODUCTION 10,000 BOEPD - 12,000 BOEPD.  Full Article

Abraxas Provides Reserve And Operational Update
Tuesday, 20 Feb 2018 05:00am EST 

Feb 20 (Reuters) - Abraxas Petroleum Corp ::ABRAXAS PROVIDES RESERVE AND OPERATIONAL UPDATE.ABRAXAS PETROLEUM - TOTAL PROVED RESERVES AS OF DECEMBER 31, 2017 OF 65.9 MMBOE UP 21.2 MMBOE OR 47.5%.ABRAXAS PETROLEUM - PRODUCTION FOR Q4 AVERAGED ABOUT 8,788 BOEPD.ABRAXAS PETROLEUM - CAPITAL EXPENDITURES FOR YEAR ENDED DEC. 31, 2017 EXPECTED TO BE ABOUT $135 MILLION.  Full Article

Abraxas Q3 adjusted earnings per share $0.04 excluding items
Tuesday, 7 Nov 2017 04:00pm EST 

Nov 7 (Reuters) - Abraxas Petroleum Corp ::Abraxas announces third quarter 2017 results.Q3 adjusted earnings per share $0.04 excluding items.Q3 earnings per share $0.00.Q3 revenue $24.7 million versus I/B/E/S view $25.2 million.Q3 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.‍production for Q3 of 2017 averaged 8,745 boepd​.  Full Article

Abraxas provides operational update
Tuesday, 19 Sep 2017 04:10pm EDT 

Sept 19 (Reuters) - Abraxas Petroleum Corp :Abraxas provides operational update.Abraxas Petroleum Corp - ‍Sales volumes were temporarily reduced due to shuttering of third party midstream facilities and gulf coast refineries​.Abraxas Petroleum - Scheduled frac date on Shut Eye 1H has been postponed to mid-October 2017 as a result of delays associated with storm Hurricane Harvey​.Abraxas - ‍Expects curtailments in Eagle Ford, Permian & Bakken to negatively impact largely natural gas & NGL production volumes by about 350 boepd for quarter​.Abraxas Petroleum Corp - ‍Abraxas is maintaining yearly average production and exit rate guidance for year​.  Full Article

Abraxas Petroleum files for sale of up to an aggregate of 2 mln shares
Thursday, 10 Aug 2017 04:33pm EDT 

Aug 10 (Reuters) - Abraxas Petroleum Corp :Abraxas Petroleum Corp files for sale of up to an aggregate of 2 million shares of common stock by the selling stockholder - sec filing.  Full Article

Abraxas Q2 earnings per share $0.04
Tuesday, 8 Aug 2017 05:30pm EDT 

Aug 8 (Reuters) - Abraxas Petroleum Corp :Abraxas announces second quarter 2017 results.Q2 adjusted earnings per share $0.01 excluding items.Q2 earnings per share $0.04.Q2 revenue $13.2 million.Q2 revenue view $17.6 million -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.02 -- Thomson Reuters I/B/E/S.Abraxas Petroleum Corp qtrly production of 471 MBoe (5,172 Boepd).Abraxas Petroleum Corp - expects to meet or exceed company's originally forecasted 2017 exit rate of 9,500 Boepd in coming weeks​.Abraxas Petroleum Corp - sees FY ‍total production 7,800 Boepd - 8,200​ Boepd.Abraxas Petroleum Corp sees ‍2017 CAPEX $120​ million.Abraxas Petroleum Corp - sees ‍2018 total production 11,500​ Boepd.Abraxas Petroleum Corp sees ‍2018 CAPEX $90​ million.Abraxas Petroleum Corp - sees ‍2019 total production 12,750 Boepd​.Abraxas Petroleum Corp sees ‍2019 CAPEX $90​ million.  Full Article

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

BRIEF-Abraxas Petroleum Says Borrowing Base Under Revolving Credit Facility Raised To $175 Mln

* BORROWING BASE UNDER REVOLVING CREDIT FACILITY WAS INCREASED TO $175 MILLION Source text for Eikon: Further company coverage: