Abraxas Petroleum struck a
$14.2 million bolt-on deal that will see
it acquire 900 additional net acres in the
Delaware basin in Winkler County, TX. The
position is on trend
with the company’s
Caprito assets and consists of two
operated and one non-op units. Abraxas
will participate in two 5,000 ft. laterals
being drilled on the non-op acreage with
30% WI. Following the deal, Abraxas’
total Delaware Basin leasehold consists
of 9,208 net......
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