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Abraxas Petroleum Corporation (AXAS)

Other OTC - Other OTC Delayed Price. Currency in USD
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1.8500+0.1400 (+8.19%)
At close: 03:28PM EDT
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  • Business Wire

    Abraxas Provides Reserve and Operational Update

    SAN ANTONIO, February 28, 2022--Abraxas Petroleum Corporation ("Abraxas" or the "Company") (OTCQX:AXAS) today provided the following reserve and operational update. Note that all annual reserve comparisons stated below are for Delaware Basin assets only (all sold Bakken assets were removed from the December 31, 2020 totals). Highlights include:

  • Business Wire

    Abraxas Announces Comprehensive Restructuring, Transformation into Pure-Play Delaware Basin Company

    SAN ANTONIO, January 03, 2022--Abraxas Petroleum Corporation, a Nevada corporation ("Abraxas" or the "Company") (OTCQX:AXAS), today announced (i) the cash sale of its Williston Basin assets to Lime Rock Resources for $87.2MM, (ii) the repayment of all of its revolving credit facility and (iii) the exchange of its entire Second Lien Term Loan held by Angelo Gordon Energy Funding, LLC ("Angelo Gordon" or "AG") into newly authorized Series A Preferred Stock. The transactions, which closed today, we

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