Abraxas Petroleum (AXAS) Misses Q3 EPS Views; Updates on Operations, Capital Budget
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November 4, 2015 7:15 AM EST
SAN ANTONIO--(BUSINESS WIRE)--
Abraxas Petroleum Corporation (NASDAQ: AXAS) today reported financial and
operating results for the three and nine months ended September 30, 2015.
On October 31, 2014 we closed on the sale of our interest in Canadian
Abraxas Petroleum, ULC (Canadian Abraxas), a wholly-owned Canadian
subsidiary of Abraxas Petroleum Corporation. As a result of the
disposal of Canadian Abraxas, the results of operations of Canadian
Abraxas are reflected in our Financial Statements and in this document
as Discontinued Operations and our remaining operations are referred
to in our Financial Statements and in this document as Continuing... More
November 4, 2015 7:00 AM EST
SAN ANTONIO--(BUSINESS WIRE)--
Abraxas Petroleum Corporation (Abraxas or the Company) (NASDAQ: AXAS)
today provided the following operational update; announces 2016 guidance
and capital budget.
Williston Basin
On the Ravin Northwest pad at Abraxas North Fork prospect, in McKenzie
County, North Dakota, the Ravin 8H, StenRav 1H and Stenehjem 5H were
successfully fracture stimulated and are currently being drilled-out.
Abraxas also successfully drilled and cased the Stenehjem 14H-15H and is
currently drilling the lateral section of the Stenehjem 13H. This will
be followed by the lateral sections... More
