Abraxas Petroleum (AXAS) Spuds First Austin Chalk-Targeting Well; Trims CapEx Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/19/2026
- Tech selloff weighs down Wall Street as bond yields climb
- Baidu slips as Q2 results miss estimates despite growth in AI cloud business
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Home Depot beats estimates, reaffirms fiscal 2026 guidance
- Citi says positioning risk is shifting from short squeezes to profit-taking
- Tech selloff weighs down Wall Street as bond yields climb
- Francisco Partners to acquire Weave Communications for $650M
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Goldman Sachs to acquire real estate company LCN for up to $410M
- Klarna Group plc (KLAR) Tops Q2 EPS by 6c, Beats on Revenue; Offers FY26 Revenue Guidance
Abraxas Announces Spudding of First Well Targeting the Austin Chalk at Jourdanton; Updates Status of Potential Joint Venture and Provides Capital Expenditure Update; Announces Departure of Vice Presid
June 21, 2016 4:15 PM EDTSAN ANTONIO--(BUSINESS WIRE)-- Abraxas Petroleum Corporation (Abraxas or the Company) (NASDAQ: AXAS) today announced the spudding of the Companys first well targeting the Austin Chalk at Jourdanton, updated the status of the Companys potential joint venture, provided a capital expenditure update and announced the departure of the Vice President of Exploration.
Austin Chalk Atascosa County
Abraxas spudded the Companys first well targeting the Austin Chalk, the Bulls Eye 101H, on June 16, 2016. The Company recently set surface casing to 4,670 feet. Gross drilling and completion costs for Abraxas first 5,700... More
