Brief: Abraxas says is adjusting fourth quarter estimated volumes to 6,700-6,800 boepd
15/12/2014 21:15
Dec 15 (Reuters) - Abraxas Petroleum Corp AXAS.O :
* Announces conference call; provides operations and guidance update
* Says is adjusting fourth quarter estimated volumes to 6,700-6,800 boepd
* Says anticipates productive capacity of company to reach its forecasted exit
rate of 8,500 boepd in the coming weeks
* Says elected to reduce the company's 2015 drilling budget to approximately
$54 million from $200 million
* Anticipates 2015 average yearly volumes (at midpoint of guidance) will still
increase approximately 26% over 2014 expected volumes
* Sees 2015 total production 7,200 boepd to 7,300 boepd
* Source text for Eikon ID:nBw29N7fFa
* 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