Abraxas Petroleum Corp.’s attempts to sell its Bakken assets in North Dakota have hit a paywall—capital is just too tight.

Abraxas said earlier this month that it had sold nonoperated assets in the Williston Basin to an undisclosed buyer for $15.5 million. The deal clears $5.4 million in capex tied to authority for expenditures (AFEs) submitted to the company.

The more difficult chore is selling its prized Bakken holdings, including 4,000 net acres in the heart of McKenzie County, N.D. The company has embarked on becoming a core Delaware Basin pure play but may hold onto the Bakken asset after all.

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