Abraxas Turns Deals Here, There And Delaware As Basin Cools

摘要

Abraxas Petroleum Corp. (NASDAQ: AXAS) bought, sold and swapped its way to a 973-net acre acquisition in the Delaware Basin, the company said July 14, as it chips away toward a goal of a 10,000-acre position. In all, Abraxas said it had signed and closed deals totaling $39.2 million since May. That includes the new Delaware Basin deal; an agreement to sell a portion of the company’s Powder River assets for $4.6 million; and the closing of a Ward County, Texas, purchase for about 6% less than anticipated.