Brief: Abraxas Petroleum announces signing of DEAL to acquire 853 net Delaware Basin Bone Spring/Wolfcamp acres for $4.6 million
14/07/2017 12:11
July 14 (Reuters) - Abraxas Petroleum Corp AXAS.O :
* 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
Source text for Eikon: ID:nBw5X8rt7a
Further company coverage: AXAS.O
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