Brief: Abraxas gives operations update
04/11/2015 12:00
Nov 4 (Reuters) - Abraxas Petroleum Corp AXAS.O : * Provides operations update; announces 2016 guidance and capital budget * Says Abraxas recently received board approval for a $25-$40 million capital budget for 2016 * Low end of production and capex guidance range anticipates six gross well completions in the bakken in the third quarter of 2016 * Estimated 2016 production volumes associated with budget forecasted to be 6,100 boepd at the midpoint of guidance * Says expects to deploy additional cash flow into the company's asset base * Source text for Eikon ID:nBw6wRYLca * Further company coverage AXAS.O ((Bengaluru Newsroom; +1 646 223 8780))
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