Brief: Abraxas Petroleum Corp Says Revised Its 2019 Capital Budget To $95 Mln, Down From Previously Announced $108 Mln
28/01/2019 21:06
Jan 28 (Reuters) - Abraxas Petroleum Corp AXAS.O :
* 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
Source text: (https://bit.ly/2UupXIT)
Further company coverage: AXAS.O
((Reuters.Briefs@thomsonreuters.com;))
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