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Abraxas Petroleum Corp (AXAS.OQ)

AXAS.OQ on NASDAQ Stock Exchange Capital Market

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Latest Key Developments (Source: Significant Developments)

Abraxas Petroleum Corp Says On June 25, Co, Unit Entered Into Waiver And Amendment No. 10 To Credit Agreement
Saturday, 27 Jun 2020 

June 26 (Reuters) - Abraxas Petroleum Corp ::ABRAXAS PETROLEUM CORP - ON JUNE 25, CO, UNIT ENTERED INTO WAIVER AND AMENDMENT NO. 10 TO CREDIT AGREEMENT.ABRAXAS PETROLEUM - PURSUANT TO AMENDMENT, PARTIES AGREED TO WAIVE CO'S DESIGNATED EVENTS OF DEFAULT WITH RESPECT TO ITS CREDIT FACILITY.ABRAXAS PETROLEUM - PURSUANT TO AMENDMENT, PARTIES AGREED TO AMEND CERTAIN COVENANTS, PAYMENT PROVISIONS OF THIRD AMENDED & RESTATED CREDIT AGREEMENT.ABRAXAS PETROLEUM - ABRAXAS, SOCIÉTÉ GÉNÉRALE, AND LENDERS ALSO AGREED THAT BORROWING BASE WOULD BE ADJUSTED FROM $135.0 MILLION TO $102 MILLION.  Full Article

Abraxas Petroleum Reduces G&A Expense By About 40%
Tuesday, 17 Mar 2020 

March 16 (Reuters) - Abraxas Petroleum Corp ::ABRAXAS PETROLEUM REACTS TO CURRENT EVENTS.ABRAXAS PETROLEUM CORP - IN RESPONSE TO CURRENT MARKET CONDITIONS, HAS REDUCED G&A EXPENSE BY ABOUT 40%.ABRAXAS PETROLEUM CORP - DUE TO MARKET UNCERTAINTY, COMPANY GUIDANCE WILL BE SUSPENDED.ABRAXAS PETROLEUM CORP - WILL NOT DRILL AND/OR COMPLETE ANY NEW WELLS WHILE CURRENT MARKET CONDITIONS PERSIST.ABRAXAS - HEDGE POSITION CURRENTLY VALUED AT OVER $50 MILLION, TO ALLOW CO TO GENERATE FREE CASH FLOW FOR 2020 & 2021, WHICH WILL BE USED TO PAY DOWN DEBT.  Full Article

Abraxas Petroleum Sees 2019 Oil Production 6,700 Bopd - 7,100 Bopd
Wednesday, 28 Aug 2019 

Aug 27 (Reuters) - Abraxas Petroleum Corp ::ABRAXAS PETROLEUM CORP SEES 2019 OIL PRODUCTION 6,700 BOPD - 7,100 BOPD.  Full Article

Abraxas Petroleum Posts Q4 Earnings Per Share of $0.34
Thursday, 14 Mar 2019 

March 13 (Reuters) - Abraxas Petroleum Corp ::ABRAXAS ANNOUNCES 2018 FINANCIAL AND OPERATING RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.02 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.34.Q4 REVENUE $36 MILLION VERSUS REFINITIV IBES ESTIMATE OF $34.5 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.04 -- REFINITIV IBES DATA.MARKETING PROCESS FOR NORTH DAKOTA ASSETS BY PETRIE PARTNERS HAS BEGUN.NUMBER OF PARTIES HAVE EXPRESSED INTEREST AND/OR ARE EVALUATING OPPORTUNITY FOR NORTH DAKOTA ASSETS FOR NORTH DAKOTA ASSETS.  Full Article

Abraxas Petroleum Corp Says Revised Its 2019 Capital Budget To $95 Mln, Down From Previously Announced $108 Mln
Tuesday, 29 Jan 2019 

Jan 28 (Reuters) - Abraxas Petroleum Corp ::ABRAXAS PETROLEUM CORP - REVISED ITS 2019 CAPITAL BUDGET TO $95 MILLION, DOWN FROM PREVIOUSLY ANNOUNCED $108 MILLION..ABRAXAS PETROLEUM CORP - 2019 CAPITAL BUDGET IS DESIGNED TO PRODUCE FREE CASH FLOW.ABRAXAS PETROLEUM CORP - FREE CASH FLOW WILL BE USED TO PAY DOWN DEBT..ABRAXAS PETROLEUM CORP - USING PRELIMINARY NUMBERS, 2018 DAILY SALES AVERAGED 9,811 BARRELS OF OIL EQUIVALENT PER DAY.ABRAXAS PETROLEUM CORP - PRODUCTION GUIDANCE FOR 2019 IS AN AVERAGE DAILY PRODUCTION BETWEEN 10,500 AND 11,500 BOEPD.  Full Article

Mangrove Partners Reports 5.1 Pct Passive Stake In Abraxas Petroleum
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - Abraxas Petroleum Corp ::MANGROVE PARTNERS REPORTS 5.1 PERCENT PASSIVE STAKE IN ABRAXAS PETROLEUM AS OF NOVEMBER 30 - SEC FILING.  Full Article