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Abraxas Petroleum announces signing of DEAL to acquire 853 net Delaware Basin Bone Spring/Wolfcamp acres for $4.6 million


Friday, 14 Jul 2017 

July 14 (Reuters) - Abraxas Petroleum Corp ::Says midpoint of 2017 G&A guidance increasing by about $1.25 million to account for bonus accruals & additional staffing needs.Says plans to revisit 2017 production guidance after achieving stabilized rates from company's recent completions.Announces acquisition of 853 Net Delaware Basin Bone Spring/Wolfcamp Acres and provides divestiture update.Announces Acquisition Of 853 Net Delaware Basin Bone Spring/Wolfcamp Acres and provides divestiture update.Says definitive agreement signed to sell a portion of company's Powder River Basin assets for $4.6 million.Says ‍increasing capital expenditure budget to $120 million for 2017.​.Says ‍with continued cost control,divestiture of high LOE barrels, reducing midpoint of LOE guidance by approximately $1.00/BBL for 2017​. 

Company Quote

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17 Jun 2019