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August 4, 2014
16:37 EDTAXASAbraxas Petroleum reports Q2 production average 4,987 boepd
Abraxas Petroleum provided an operational, production and guidance update. At Abraxas’ Jourdanton prospect in Atascosa County, Texas, the company said it successfully completed the Ribeye 1H and Ribeye 2H with a combined 49 frac stages. After drill out, the wells will be placed on production and thirty day rates will be provided when available. At Abraxas’ Dilworth East prospect, the R. Henry 2H averaged 780 boepd over the well’s first 30 full days of production. At Abraxas’ North Fork prospect, in McKenzie County, North Dakota, the Company completed the Ravin 5H, 6H and 7H with a combined 99 frac stages. The Ravin 4H was completed with seven stages before encountering mechanical issues. The company elected to pull the 4.5 inch tie back string, polished bore receptacle and seal assembly before resuming the fracture stimulation of the well. It is anticipated the Company will resume the completion of the Ravin 4H and turn the well to sales by late September. The Ravin 5H, 6H and 7H, which will test 660 foot spacing in the Middle Bakken, are expected to begin flowback shortly. Production for Q2 averaged approximately 4,987 boepd, 312 boepd above the midpoint of guidance of 4,600-4,750 boepd. IT sees 2014 production of 6,500-6,700 Boepd.
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September 17, 2014
07:35 EDTAXASImperial Capital to hold a conference
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September 15, 2014
16:17 EDTAXASAbraxas Petroleum provides operations update for Williston Basin, Eagle Ford
Williston Basin: At Abraxas’ North Fork prospect, in McKenzie County, North Dakota, the Ravin 5H, 6H and 7H, which are testing 660 foot spacing in the Middle Bakken, are flowing back at very encouraging rates. Henceforth, Abraxas will provide average per well rates across a group of pad drilled wells in the same formation, opposed to providing individual well results in the Bakken. As an example, the Ravin 5H, 6H and 7H have been on production an average of 27 days and on average produced 1,269 boepd per well over that period. The Ravin 4H, which was impacted by a mechanical issue, has been remediated and is scheduled to be fracture stimulated in late September. In the Stenehjem unit, Abraxas recently set production casing in the lateral of the 2H, is currently drilling the lateral section of the Stenehjem 3H at 16,289 feet MD and will drill the lateral of the 4H immediately thereafter. After full title review, Abraxas owns a working interest of approximately 53% and 73% in the Ravin and Stenehjem wells, respectively. Eagle Ford: At Abraxas’ Jourdanton prospect in Atascosa County, Texas, the Ribeye 1H was recently placed on pump and is producing to sales at reasonable rates. The Ribeye 2H was recently placed on pump and is producing to sales at encouraging rates. 30 day rates will be provided when available. Abraxas owns a 100% working interest across the Jourdanton prospect. At Abraxas’ Cave prospect, in McMullen County, Texas, the Company successfully drilled and cased the Dutch 3H. The Company recently reached TD on Dutch 4H at 19,078 feet MD. The two wells are scheduled to be fracture stimulated in late September. Abraxas holds a 100% working interest in the Dutch 3H and 4H. At Abraxas’ Dilworth East prospect, in McMullen County, Texas, the Company recently leased 500 incremental net acres. The prospect now consists of a combined 940 net contiguous acres and can accommodate up to ten 5,000 foot laterals.
16:15 EDTAXASAbraxas Petroleum raises Q3 production view to 6,900-7,000 boepd
Prior view was 6,500-6,700 boepd.
September 9, 2014
07:12 EDTAXASEuro Pacific to hold a conference
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September 8, 2014
11:16 EDTAXASAbraxas Petroleum sees Q3 total production 6,500-6,700 boepd
Sees FY14 total production 5,800-6,000 boepd. Sees Q3 CapEx $56M, FY14 CapEx $190M. Comments from slides that will be presented at the EuroPac conference.

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