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Abraxas Petroleum Corp

Company Summary

Description

Abraxas Petroleum Corporation (NASDAQ: AXAS) is a publicly traded independent exploration and production company founded in 1977 and based in San Antonio, Texas. Abraxas' business model focuses on assets with: High working interest Operational & infrastructure control Low geologic risk Strong full cycle ROR Low risk exploitable upside using the company's proven operating expertise

Website

http://www.abraxaspetroleum.com/

Operational Regions

  • Three Forks Formation
  • Powder River Basin
  • Delaware Basin
  • Midland Basin
  • Eagle Ford

Financial Data:

NASDAQ:AXAS from Google Finance

Tickers:

  • AXAS - NASDAQ

Recent news

  • 1/6/2022 - Lime Rock Resources... (subscriber access)
  • 11/10/2020 - Abraxas Petroleum... (subscriber access)
  • 8/18/2020 - Abraxas Petroleum Renews... (subscriber access)
  • 7/6/2020 - Abraxas Petroleum... (subscriber access)
  • 3/17/2020 - Abraxas Petroleum... (subscriber access)

Investor Presentations

  • April 2019 Presentation
  • May 2018 Corporate Update (subscriber access)
  • January 2018 Corporate Presentation (subscriber access)
  • December 2017 Corporate Presentation (subscriber access)
  • September 2017 Corporate Presentation (subscriber access)
  • July 2017 Corporate Update (subscriber access)
  • Investor Presentation - April 2017 (subscriber access)
  • August 2016 Investor Presentation (subscriber access)
  • Abraxas Petroleum Corporate Update June 2016 (subscriber access)

Company Transactions

Date: 1/6/2022
Type: Acquisition

BUYERS:
  • Lime Rock Resources
    • SELLERS:
  • Abraxas Petroleum Corp
    • DETAILS:

    COST: 87.2 $MM

    ACRES: 3500 Acres

    NOTES:
    Lime Rock has bought assets from Abraxas Petroleum for $87.2 million, which included 3,500 net acres in McKenzie County, North Dakota.
    REGIONS:
  • Williston Basin

    • Date: 9/15/2018
    Type: Acquisition

    BUYERS:
  • Abraxas Petroleum Corp
    • DETAILS:

    ACRES: 720 Acres

    REGIONS:
  • Delaware Basin

    • Date: 8/30/2018
    Type: Acquisition

    SELLERS:
  • Abraxas Petroleum Corp
    • DETAILS:

    COST: 3 $MM

    VOLUMES: 0.113 MBOE/d

    NOTES:
    Abraxas has entered into a definitive agreement to sell certain non-core assets located on the Eastern Shelf of the Permian Basin, currently producing approximately 113 boe/d (69% oil), for $3 million.
    REGIONS:
  • Permian Basin

    • Date: 1/31/2018
    Type: Acquisition

    BUYERS:
  • Abraxas Petroleum Corp
    • DETAILS:

    COST: 14.2 $MM

    ACRES: 900 Acres

    REGIONS:
  • Permian Basin

    • Date: 8/14/2017
    Type: Acquisition

    BUYERS:
  • Abraxas Petroleum Corp
    • DETAILS:

    VOLUMES: 130 BOE/d

    ACRES: 973 Acres

    NOTES:
    Abraxas will acquire this acreage in exchange for $4.3 million cash, 2.0 million shares of common stock, 12,188 acre-Cayanosa Draw Ranch in Pecos County and 50% of Abraxas’ owned minerals under the Cayanosa Draw.
    REGIONS:
  • Delaware Basin

    • Date: 5/23/2017
    Type: Acquisition

    BUYERS:
  • Abraxas Petroleum Corp
    • DETAILS:

    COST: 20.9 $MM

    ACRES: 1894 Acres

    NOTES:
    Abraxas acquired 1,894 net acres in Ward County, TX.
    REGIONS:
  • Texas and Producing Region

    • Date: 1/3/2017
    Type: Acquisition

    SELLERS:
  • Abraxas Petroleum Corp
    • DETAILS:

    COST: 11.3 $MM

    VOLUMES: 28 Bbls/d

    ACRES: 14226 Acres

    REGIONS:
  • Powder River Basin

    • Date: 9/21/2016
    Type: Acquisition

    SELLERS:
  • Abraxas Petroleum Corp
    • DETAILS:

    COST: 13 $MM

    VOLUMES: 145 BOE

    ACRES: 1769 Acres

    REGIONS:
  • Gulf Coast

    • Date:
    Type: Acquisition

    SELLERS:
  • Abraxas Petroleum Corp
    • DETAILS:

    COST: 15.5 $MM

    NOTES:
    Abraxas signed a definitive agreement to sell its interest in certain non-operated Williston Basin properties for $15.5 million (plus the assumption of $5.4 million in outstanding AFEs).
    REGIONS:
  • Williston Basin