ABRAXAS PETROLEUM CORPORATION (NASDAQ:AXAS) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure
On April 2, 2018, Abraxas issued a news release announcing an increase in the borrowing base under its credit facility to $175.0 million. The full text of the release is attached as Exhibit 99.1
The information in this Report (including Exhibit 99.1) is furnished to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of the Section. The information in this Report will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.
Item 9.01 Financial Statements and Exhibits.
ABRAXAS PETROLEUM CORP ExhibitEX-99.1 2 financialupdate4-2×2018.htm NEWS RELEASE Exhibit ABRAXAS PETROLEUM CORPORATIONwww.abraxaspetroleum.com Exhibit 99.1Abraxas Announces Spring Borrowing Base Redetermination and Presentation at IPAA OGIS New York San Antonio (April 2,…To view the full exhibit click
About ABRAXAS PETROLEUM CORPORATION (NASDAQ:AXAS)
Abraxas Petroleum Corporation is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. The Company’s estimated net proved reserves are approximately 43.2 million barrels of oil equivalent (MMBoe), of which over 38% are classified as proved developed, approximately 71% are oil and natural gas liquids (NGL), and approximately 95% of which (on a PV-10 basis) are operated by the Company. The Company’s daily net production is approximately 5,970 barrels of oil equivalent per day (Boepd), of which over 77% is oil or liquids. The Company’s oil and gas assets are located in three operating regions: the Rocky Mountain, Permian Basin and onshore Gulf Coast. The Company’s properties in the Rocky Mountain region are located in the Williston Basin of North Dakota and Montana, and in the Green River Powder River and Unita Basins of Wyoming and Utah.