Brief: Abraxas provides operations update
28/07/2015 21:30
July 28 (Reuters) - Abraxas Petroleum Corp AXAS.O : * Provides operations update * Says production for the second quarter of 2015 averaged approximately 5,471 boepd * Says reiterates the company's 2015 production guidance of 6,500-7,000 boepd * Says reiterates that the company forecasts production of over 7,000 boepd in 2016 and 2017 * Q2 production negatively impacted by estimated 433 boepd due to gas processing constraints, related curtailments in bakken,permian * Q2 production volumes negatively impacted by estimated 433 boepd due to gas processing constraints ,curtailments in bakken ,permian * Says downtime associated with offsetting fracture stimulations negatively impacted volumes during Q2 by estimated 289 boepd * 2016, 2017 production forecast expected to maintain 1-rig bakken program, which requires about $50-$60 mln/year in capex * Expect constraints in bakken, permian will continue to improve with third party infrastructure expansion in Q4 * Source text for Eikon ID:nBw8NvLa * Further company coverage AXAS.O ((Bengaluru Newsroom; +1 646 223 8780))
Recent news on Abraxas Petroleum
See all newsBrief: Abraxas - On April 12, 2021, Morgan Stanley Capital Group Sent Notice Of Events Of Default, Early Termination With Respect To Hedging Contracts
Biden to pause oil and gas leases, cut subsidies in climate action (updated)
Analysis: U.S. shale oil just had its worst year and the pain could bleed into 2021
Brief: Abraxas Petroleum Regains Compliance With Nasdaq Continued Listing Standards
Brief: Abraxas Petroleum Corp says Approved Reverse Stock Split Of Co’S Authorized, Issued And Outstanding Shares Of Common Stock At Ratio Of 1-For-20