Production Begins From 2nd Montoya Horizontal Well

Abraxas Petroleum announced that production from the Caprito 82-1H horizontal well has begun. The well is located in ROC (Montoya) Field, Ward County, Texas and will produce approximately 16 million cubic feet of natural gas per day. The well, operated by EOG Resources Inc., was drilled to a total depth of 17,286 feet and is currently producing natural gas from the Montoya formation after an acid frac treatment. The Company and EOG recently acquired 3-D seismic over this area, which will be used to enhance further development.