Abraxas Petroleum Corp.

Abraxas Petroleum Corp.'s borrowing base under the company’s revolving credit facility was increased $40 million to $175 million in connection with the company’s spring borrowing base redetermination. At quarter end March 31, 2018 Abraxas was $104 million drawn on the credit facility with an estimated $5.5 million in cash, providing estimated pro forma liquidity of $76.5 million.