Abraxas Petroleum Corporation (NASDAQ:AXAS) today announced production rates in West Texas and Alberta, Canada.
West Texas:
Canada:
“The results of the Spires and the Twining wells surpassed our expectations and represent a good start to our conventional oil development program that will be the focus of most of our activity during the first half of 2011. Additional drilling is planned to commence in early April in West Texas with a six well program and after spring break-up in Alberta with as many as four additional wells. Our South Texas oil development program is scheduled to commence within the next two weeks,” commented Bob Watson, Abraxas’ President and CEO.
Abraxas Petroleum Corporation is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Mid-Continent, Permian Basin and onshore Gulf Coast regions of the United States and in the province of Alberta, Canada.
Source: Business Wire