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Stock Market & Financial Investment News

News Breaks
January 28, 2013
16:06 EDTAXASAbraxas Petroleum provides update on Eagle Ford Shale
In McMullen County, the Mustang 1H produced an average 1,152 boepd (1,025 barrels of oil per day; 500 mcf of gas per day; 44 barrels of NGL per day) on a restricted choke over its first 30 days of production. The well continues to flow to sales at a rate of 999 boepd (847 barrels of oil per day; 914 mcf of gas per day) plus NGLs on a 22/64 choke.
News For AXAS From The Last 14 Days
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September 29, 2014
12:11 EDTAXASAbraxas Petroleum still sees Q3 production 6,900-7,000 boepd
In terms of the company's business plan for FY14 and beyond, Abraxas plans to have a "properly" capitalized balance sheet, maintain clean capital structure, and target leverage under 1.0x FTM EBITDA. Says plans to utilize proven operating/engineering competency to drive down costs and enhance well performance. Says looking to have a better match of cash flow to CapEx and subsequent returns. Says targeting to have $190M in CapEx for FY14 and $56M in Q3. Says expecting FY14 production 5,800-6,000 boepd. Sees Q3 and FY14 production tax 8.5%-9%. Says exploring swap opportunities in the Powder River Basin in FY14. Says expecting no capital budgeted for FY14 in Canada and Raven Drilling. Comments taken from slides from the company's corporate update presentation.
September 22, 2014
07:27 EDTAXASIndependent Petroleum Association of America to hold a conference
IPAA OGIS San Francisco on September 22-24.
September 17, 2014
07:35 EDTAXASImperial Capital to hold a conference
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