New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 20, 2013
17:47 EDTAXASAbraxas Petroleum commences sale process for Bakken/Three Forks assets
Abraxas recently retained E-Spectrum Advisors to market its non-operated Bakken and Three Forks assets in North Dakota and Montana. The potential divestiture consists of approximately 435 boepd and 14,502 net acres. If the company is successful in achieving an acceptable price for these assets, the proceeds will be used to pay down the company's revolver and redeployed into its core operated Bakken and Eagle Ford assets.
News For AXAS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use