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Abraxas Updates Ops For Bakken, Eagle Ford

The recently completed Sting Ray A 8H appears to be an exceptional producer, averaging 1,233 BOE/d.

Inclusive of the sale, Abraxas has divested 502 barrels of oil equivalent per day for gross proceeds of US $47.3 million since the beginning of 2013.

If the auction on May 8 is successful, the asset sale will mark Abraxas complete exit from both Louisiana and Oklahoma.

The company added an incremental member to its bank facility during its redetermination process, Mutual of Omaha.

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