In apparent response to investor pressure, Permian and Bakken driller Abraxas Petroleum Corp. is shedding all its remaining non-core South Texas acreage, as well as non-operated assets in Reeves County, Texas, within the Delaware basin, to undisclosed buyers in deals totaling $7.9 million. Current production from the combined assets is 310 boe/d (49% oil), representing only ~3% of its Q2 total of 9,572 boe/d (71% oil). In July, 1.45% shareholder Saltstone Capital Management penned......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.