Abraxas Provides Operations Update; Announces 2016 Guidance and Capital Budget
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Abraxas Petroleum (AXAS) Misses Q3 EPS Views; Updates on Operations, Capital Budget
November 4, 2015 7:23 AM ESTAbraxas Petroleum (NASDAQ: AXAS) reported Q3 EPS of ($0.50), $0.48 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $17.8 million versus the consensus estimate of $21.34 million.
Abraxas also provided the following operational update; announces 2016 guidance and capital budget.
Williston Basin
On the Ravin Northwest pad at Abraxas North Fork prospect, in McKenzie County, North Dakota, the Ravin 8H, StenRav 1H and Stenehjem 5H were successfully fracture stimulated and are currently being drilled-out. Abraxas also successfully drilled and cased the Stenehjem 14H-15H and is... More
