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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
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April 20, 2015
08:53 EDTAXASAbraxas Petroleum targets long-term leverage of 1.0x FTM EBITDA
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08:53 EDTAXASAbraxas Petroleum sees Q1 production 6,600-6,800 Boepd
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08:53 EDTAXASAbraxas Petroleum sees FY15 7,200-7,300 Boepd
Sees FY15 operating costs LOE $10.00-$12.00/BOE. Sees FY15 CapEx $53.8M. The company expects production guidance sees potential upside from non-operated participating and higher working interest in operated wells. It also sees potential downside from any additional flaring and associated NDIC curtailments, completion delays and offsetting well shut-ins, higher than anticipated work-over activity.
07:22 EDTAXASIndependent Petroleum Association of America to hold a conference
IPAA-OGIS New York is being held in New York on April 20-22.

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