Abraxas Petroleum (AXAS) Spuds First Austin Chalk-Targeting Well; Trims CapEx Outlook
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Abraxas Announces Spudding of First Well Targeting the Austin Chalk at Jourdanton; Updates Status of Potential Joint Venture and Provides Capital Expenditure Update; Announces Departure of Vice Presid
June 21, 2016 4:15 PM EDTSAN ANTONIO--(BUSINESS WIRE)-- Abraxas Petroleum Corporation (Abraxas or the Company) (NASDAQ: AXAS) today announced the spudding of the Companys first well targeting the Austin Chalk at Jourdanton, updated the status of the Companys potential joint venture, provided a capital expenditure update and announced the departure of the Vice President of Exploration.
Austin Chalk Atascosa County
Abraxas spudded the Companys first well targeting the Austin Chalk, the Bulls Eye 101H, on June 16, 2016. The Company recently set surface casing to 4,670 feet. Gross drilling and completion costs for Abraxas first 5,700... More
