Brief: Abraxas provides divestiture, hedging and operational update
20/09/2016 21:15
Sept 20 (Reuters) - Abraxas Petroleum Corp:
* Abraxas provides divestiture, hedging and operational
update
* Says proceeds will be used to pay down company's credit
facility to approximately $88 million
* In Abraxas' gulf coast region, recently closed on sale of
portilla field, associated surface acreage for net proceeds of
about $13 million
* In Texas, signed deal to sell company's 12,178 acre
surface ranch and ½ of Co's minerals on property for gross
proceeds of $6.7 million
Source text for Eikon: urn:newsml:reuters.com:*:nBw3Nq5S2a
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