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Abraxas Petroleum Corporation


 

Abraxas Announces 2010 Capital Expenditure Budget and Issues Guidance - Zibb.com

Abraxas Petroleum Corporation (NASDAQ:AXAS) today announced its 2010 capital expenditure budget of $30 million and issued guidance for 2010.

The capital program for 2010 will be selected from the Company's inventory of projects and will include new drills and re-completions / workovers in the Company's primary producing regions of the Rocky Mountain, Mid-Continent, Permian Basin and onshore Gulf Coast. The ultimate mix of projects will be based on commodity prices, service costs and drilling results but will predominately target oil projects, including the Company's first operated Bakken horizontal well in North Dakota.

The Company anticipates funding the 2010 capital program out of cash flow from operations and further provided the following operational and financial guidance for 2010, which excludes non-cash and extraordinary items:

      Production        1.7 - 2.0 MMBoe
      EBITDA            $38 - 45 Million

Abraxas Petroleum Corporation is a San Antonio based crude oil and natural gas exploitation and production company with operations across the Rocky Mountain, Mid-Continent, Permian Basin and Gulf Coast regions of the United States.

Safe Harbor for forward-looking statements: Statements in this release looking forward in time involve known and unknown risks and uncertainties, which may cause Abraxas' actual results in future periods to be materially different from any future performance suggested in this release. Such factors may include, but may not be necessarily limited to, changes in the prices received by Abraxas for natural gas and crude oil. In addition, Abraxas' future natural gas and crude oil production is highly dependent upon Abraxas' level of success in acquiring or finding additional reserves. Further, Abraxas operates in an industry sector where the value of securities is highly volatile and may be influenced by economic and other factors beyond Abraxas' control. In the context of forward-looking information provided for in this release, reference is made to the discussion of risk factors detailed in Abraxas' filings with the Securities and Exchange Commission during the past 12 months.

SOURCE: Abraxas Petroleum Corporation

Abraxas Petroleum Corporation 
Barbara M. Stuckey, 210-490-4788 
Vice President - Corporate Finance 
bstuckey@abraxaspetroleum.com 
www.abraxaspetroleum.com

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Tags: budget   commodity   crude oil   ebitda   nasdaq   natural gas   oil   petroleum   prices   securities  

Companies: Abraxas Petroleum Corp. (AXAS)

 

InsiderCow.com: Franklin A. Burke of Abraxas Petroleum Corporation(NasdaqCM: AXAS) bought Shares of

Reported by InsiderCow.com at 2009-11-13 10:52:32 ET

FRANKLIN A. BURKE, director of Abraxas Petroleum Corporation(NasdaqCM: AXAS) bought 50,000 shares of AXAS from the open market on 2009-11-13. The stock was up 7.32% after the InsiderCow.com report.

Trade amount: 50,000 Shares

Trade type: Open Market Buy

Price Range: $1.68

Transaction details can be found at http://www.insidercow.com/history/company.jsp?company=AXAS. You can also get real-time alert on any insider trading information from www.insidercow.com, one step before everybody else.

About InsiderCow.com

InsiderCow.com is a leading real-time insider trading information provider. InsiderCow.com is the online division of InsiderCow, a privately-owned company specialized in insider trading information. InsiderCow uses its proprietary software to gather and analyze information provided by the U.S. Securities and Exchange Commission, in real-time. For more information about InsiderCow.com, visit www.insidercow.com.

About AXAS

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, development, exploration, and production of oil and gas principally in the Rocky Mountain, Mid-Continent, Permian Basin, and Gulf Coast regions of the United States. The company was founded in 1977 and is based in San Antonio, Texas.

CONTACT: InsiderCow.com e-mail: support@insidercow.com WWW: http://www.insidercow.com

((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

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Tags: e-mail   energy   exploration   insider trading   investment opinion   market   oil and gas   petroleum   securities   software   trade   web  

Companies: Abraxas Petroleum Corp. (AXAS)

 

Abraxas Petroleum posts loss in Q3 - Zibb.com

Abraxas Petroleum has reported a net loss of $4.37 million, or $0.09 per share, for the third quarter of 2009, compared to a net income of $70.75 million, or $1.44 per diluted share, for the same period of 2008.

The company has reported revenues of $13.41 million for the third quarter of 2009, compared to $29.25 million for the same quarter of 2008.

Abraxas Petroleum has reported a net loss of $9.95 million, or $0.20 per share, for the first nine months of 2009, compared to a net income of $4.08 million, or $0.08 per share, for the corresponding period of 2008.

Year-to-date revenues were $36.63 million, compared to $85.84 million for the first nine months of 2008.

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Tags: petroleum  

Companies: Abraxas Petroleum Corp. (AXAS)

 

Abraxas Petroleum Corp. (AXAS) Corporate Event Announcement Notice - Zibb.com

Abraxas Petroleum Corp. (AXAS)
Expected next earnings release:
Announcement date: 11/9/2009 - After Market
Earnings Quarter: Q3
Announcement Status: Verified
Expected next investor conference call information:
Conference Call Date: 11/10/2009
Conference Call Time (ET): 11:00 AM
Conference Call URL: http://www.abraxaspetroleum.com/investorrelations/irframeset.htm

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Tags: conference   corporate   earnings   market   petroleum  

Companies: Abraxas Petroleum Corp. (AXAS)

 

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Abraxas Petroleum Corporation

SAN DIEGO, CA -- – ICON Group International Ltd. today released two of the most comprehensive studies to date on vertical gap analysis and labor productivity benchmarks for Abraxas Petroleum Corporation (ASE: ABP).

http://www.icongrouponline.com/pr/Abraxas_Petroleum_Corporation_US/PR.html

ABP - Abraxas Petroleum Corporation Stock Quotes, News, Stock Charts, Report ...

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Abraxas Petroleum (ABP) News - Company News and Press Releases

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http://www.investorguide.com/stock-news.cgi?ticker=ABP

Abraxas Petroleum in NARoil.com -- Equipment Directory

Abraxas Petroleum Corporation is an independent San Antonio based natural gas and crude oil exploitation and production company with operations concentrated in Western Canada, Texas and Wyoming.

http://www.naroil.com/equip/aa598967.html

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Abraxas Petroleum Corporation (AXAS) Company Profile ...

www.corporateinformation.com

Abraxas Petroleum Corporation. The Group's principal activity is to acquire, explore, develop and produce crude oil and natural gas. It redevelops old fields utilizing new ...

http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=003830106

Abraxas Petroleum Corporation

www.vcall.com

October 1, 2007 - 7:20 PM Eastern OGIS San Francisco Right click and 'save target as..' to download the podcast.

http://www.vcall.com/IC/CEPage.asp?ID=121024