A history of abraxas petroleum corporation in united states and canada

These wells are contributing -- 3 wells are producing in this 5,foot lateral, and a fourth is being prepared for fracture stimulation. Increased development activity and well productivity improvements supported the volume increase.

Fuels and other products are marketed under the Chevron, Texaco and Caltex brands. Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of which are magnified in emerging markets. A comprehensive summary of crude oil and natural gas derivative contracts is provided in the attached tables.

Craft said, "The increase in capital expenditures is primarily due to de-risking our Wolffork oil shale play with a combination of horizontal, vertical, recompletion and infrastructure projects and the acquisition or extension of approximately 20, net acres in our Permian operating area in In addition, during the first quarter ofthe Company completed 15 wells that were drilled prior to the first quarter of The first horizontal well had an initial production rate of Boe per day.

Abraxas transferred 85 percent of long-lived natural gas and oil producing properties and reserves, estimated at 65 Bcfe, located in the Delaware and Gulf Coast Basins to the partnership, called Abraxas Energy Partners.

Value stocks can continue to be undervalued by the market for long periods of time. Eastern time on Wednesday, February 28, The company tested the prospectivity of multiple target zones and also tested the aerial extent of various targets in the Powder River Basin during the year.

We will allocate a greater proportion of our drilling budget to our Delaware Basin Bone Spring play, where we are expanding and testing the multiple horizons across our acreage. The Company acquired an additional 16, prospective acres in the Permian, bringing our total Permian acreage to 58, net acres.

EOG has 88 percent working interest in these wells. Additionally, the company expects to realize cost savings for the remainder of associated with continued stimulation optimization and a water recycling program. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Chesapeake has built a strong position of approximatelynet acres of leasehold in four Permian Basin unconventional liquids plays: Although EOG believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved in full or at all or will prove to have been correct.

Five Company-owned fracture stimulation fleets totalinghorsepower are currently operating in the Spraberry field supporting vertical drilling operations.

Abraxas Petro (AXAS) Recent Earnings

The country is pumping about 45, barrels of oil a day from its Bahrain Field, and it shares income from a deposit with Saudi Arabia that produces aboutbarrels a day, according to figures from the U.

Refinancing in October released the company from the covenants and funded capital spending for productive development.

ifm/grace coach lines inc: 1 homecare agency corp: west monroe street: h c emp pension fund: hcemp health care employees.

Abraxas Petroleum Corporation is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. Chevron Corporation. Chevron Corporation is a multinational American oil company based in San Ramon, California. Descended from Pacific Coast Oil Company, which was formed after the discovery of oil in California inthe company has undergone several mergers, most recently with Gulf Oil to become Chevron.

Find Companies in United States and other regions and countries for NASDAQ, NYSE, and AMEX listed companies using the Company List tool at elleandrblog.com As the Executive Vice President and Chief Operating Officer of Alamo Resources, LLC, Carl D. Campbell has extensive industry experience in the Gulf Coast, Mid-Continent and Rocky Mountain Regions of the United States and in Canada.

Abraxas Petroleum Corporation enjoys independence as it primarily engages in exploitation, acquisition, production of oil and development in both Canada and United States.

Abraxas Petroleum Corporation

Ideally, the corporation has grown through subsequent exploitation and development in the production of properties.

A history of abraxas petroleum corporation in united states and canada
Rated 5/5 based on 58 review
Abraxas Petroleum Corporation | elleandrblog.com