Abraxas Petroleum Corporation Company News

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Abraxas Petroleum Falls Out of Compliance With NASDAQ
Wednesday, April 08, 2020The company failed to file its Form 10-K for the period ended Dec. 31, 2019.

Saltstone Pushes Abraxas for Strategic Alternatives
Friday, August 09, 2019The company's latest earnings report marked the ninth consecutive quarter of failing to meet consensus estimates.

Natural Resources Purchases Assets in Bakken/Three Forks Play
Monday, June 17, 2013Natural Resources Partners purchase assets in the Williston Basin, located in North Dakota and Montana.

Abraxas Looks Ahead to 2013 Production Ops
Friday, March 15, 2013Abraxas Petroleum provides an operational and A&D update at its Eagle Ford, Williston and Permian basin operations.

Abraxas 'A Little Late' to Exceed 2011 Production Rates
Monday, April 02, 2012We are quite pleased with the early production rates. With these new wells now or soon to be on-line, our 2011 exit rate production guidance will be exceeded ? just a little late," commented Bob Watson.

Abraxas Buys Drilling Rig
Wednesday, July 06, 2011Abraxas has purchased a drilling rig and hired an experienced rig operator.

Abraxas Ramps Production at Bakken/Three Forks Play
Wednesday, June 29, 2011"With the expected performance of the Portilla and Twining wells and the recent new production in the Bakken/Three Forks play, we have more than offset production disruptions from wells shut-in in the Williston Basin," commented Bob Watson.

Abraxas Sees 7% Increase in 2010 Proved Reserves
Wednesday, March 16, 2011Abraxas' total proved reserves, including its 50% share of Blue Eagle proved reserves, at December 31, 2010 were 26.6 MMBoe, a 7% increase over proved reserves at December 31, 2009.

Abraxas Boosts Production in West Tx., Alberta
Thursday, February 24, 2011"The results of the Spires and the Twining wells surpassed our expectations and represent a good start to our conventional oil development program that will be the focus of most of our activity during the first half of 2011," said Bob Watson.

Abraxas Notes Production Rates at 1st Eagle Ford Well
Tuesday, February 22, 2011Abraxas announced production rates for its first Eagle Ford well in South Texas.

Abraxas Finishes Drilling 1st Eagle Ford Well
Wednesday, February 02, 2011Abraxas announced completion of its first Eagle Ford well in South Texas.

Abraxas Trumps Winter Weather Conditions at Three Forks Well
Wednesday, January 05, 2011"We are pleased to be in a position to announce the well results from our first operated Three Forks well in the Williston Basin, which is one of the better Three Forks completions in the North Fork area to-date," said Bob Watson.

Abraxas Updates US, Canadian Ops
Tuesday, September 28, 2010"These past two months have been busy operationally and we look forward to announcing well results in the near future, or in the case of the Williston Basin, as soon as service equipment becomes available," commented Bob Watson.

Abraxas-Blue Stone JV Takes Bigger Bite of Eagle Ford Shale
Thursday, August 19, 2010Abraxas signed a joint venture agreement with Blue Stone O&G to develop the Eagle Ford Shale play in South Texas.

Abraxas Begins 2nd Half of 2010 Drilling Program
Monday, July 26, 2010Abraxas has started its drilling program for the 2nd half of 2010 which will consist of at least seven operated wells, three in the Williston Basin, two in West Texas and two in Canada.

Abraxas Exits 2009 Larger and Stronger
Thursday, March 18, 2010Abraxas Petroleum reported financial and operating results for the three and twelve months ended December 31, 2009 and reserves as of December 31, 2009.

Abraxas Announces Bakken Footprint
Tuesday, July 21, 2009Abraxas Petroleum announced that upon the closing of the pending merger with Abraxas Energy Partners, L.P., Abraxas will own approximately 30,000 net acres located within the currently outlined limits of the Bakken and Three Forks resource plays.

Abraxas Energy to Merge into Abraxas Petroleum Corp.
Friday, June 19, 2009Abraxas Petroleum Corporation and Abraxas Energy Partners have entered into a letter of intent pursuant to which Abraxas Energy will merge into Abraxas Petroleum.

Abraxas Provides South Texas Operational Update
Wednesday, June 17, 2009"We have identified three additional locations on our existing leasehold adjacent to the Nordheim well," commented Bob Watson, Abraxas' President and CEO.

Abraxas Gets Go Ahead for NASDAQ Stock Listing
Monday, July 14, 2008Abraxas has received approval to list its common stock on the NASDAQ Global Market under the symbol "AXAS."

Abraxas' South Texas Well Producing 2.9 MMcf Daily
Wednesday, April 02, 2008Abraxas Petroleum Corporation provided operational results on the Gisler #1, an exploratory well targeting the Wilcox formation, located in Karnes County of South Texas.

Abraxas Reports 8% Year-End 2007 Reserve Increase
Monday, March 03, 2008Natural gas reserves account for 82% of the total proved reserves and 44% were classified as proved developed. Abraxas operates over 95% of its proved reserve base.

Abraxas in $140 Million Land Acquisition Deal
Tuesday, December 11, 2007Abraxas Petroleum has signed a definitive agreement to acquire oil and gas properties for $140 million from St. Mary Land & Exploration Company.

Abraxas Files IPO
Friday, July 13, 2007Abraxas filed a registation statement with U.S. Securities and Exchange Commission for a proposed IPO of its common units.

Tortoise Capital Resources Invests $7.5M in New Abraxas Unit
Tuesday, May 29, 2007Tortoise Capital Resources Corp. has invested $7.5 million in a newly formed partnership, Abraxas Energy Partners, L.P. The investment represents a limited partner interest in the newly formed entity.

Abraxas Petroleum Sells Non-Core Assets in South Texas
Friday, September 29, 2006Abraxas Petroleum has closed on the sale of certain non-core assets located in South Texas for a total consideration of $12 million.

Abraxas Replaces 280% of 2005 Production
Monday, February 27, 2006Abraxas Petroleum says that its total proved oil and natural gas reserves of 104.7 Bcfe as of December 31, 2005, a 12% increase over December 31, 2004.

Abraxas Brings Wells in Texas and Wyoming On Stream
Wednesday, December 21, 2005Abraxas says that in the Oates SW Field of West Texas, the initial Wolfcamp re-entry well was completed and placed on-line.

Abraxas Sets 2006 Capital Expenditure Budget
Thursday, December 01, 2005Abraxas Petroleum reports a 2006 capital expenditure budget of $40 million and issued guidance for the year.

Abraxas Says Yoakum Field Shut-in Due to Pipeline Constraints
Tuesday, November 15, 2005Abraxas Petroleum says that due to third party pipeline constraints, the Yoakum Field in South Texas has been shut-in since November 4, 2005.

Abraxas Sees 47% Increase in 3Q05 Revenues
Monday, November 07, 2005Abraxas Petroleum has reported financial and operating results for the quarter and nine months ended September 30, 2005 and provided an operational update.

Abraxas Increases Capital Spending Budget for 2005
Wednesday, September 14, 2005Abraxas Petroleum's Board of Directors approved an expanded capital expenditure budget of $32 million for 2005.

Abraxas Strikes in West Texas and Provides Wyoming Update
Monday, August 22, 2005Abraxas Petroleum Corporation today announced the results from a Devonianhorizontal well drilled in the Oates SW Field area of West Texas and provided an update of Wyoming operations.

Paul A. Powell, Jr. Appointed to Abraxas Board of Directors
Monday, August 22, 2005Abraxas Petroleum Corporation today announced the appointment of Paul A. "Buzzy" Powell, Jr. to its Board of Directors.

Abraxas Announces Pricing of the Grey Wolf Exploration IPO
Thursday, February 17, 2005Abraxas Petroleum announced that Grey Wolf Exploration Inc., its wholly-owned Canadian subsidiary, has priced its previously announced initial public offering of 26.9 million common shares at CDN $2.80 per share.

Abraxas Replaces 218% of 2003 Production
Tuesday, March 02, 2004Abraxas Petroleum reports that total proved reserves at Dec. 31, 2003 for crude oil and natural gas reserves were 121.1 Bcfe, of which 56.7 Bcfe were proved developed compared to 112.5 Bcfe at year-end 2002.