Abraxas Announces Potential Permian Eastern Shelf Divestiture

Transaction Type

Sellers

Abraxas Petroleum Corp.

Buyers

Basin

Permian Basin; Eastern Shelf

Announce Date

Tue, 08/07/2018 - 12:00 PM

Post Date

Aug 7, 2018

Estimated Price

$3.0MM

Description

To purchase certain assets located on the Eastern Shelf of the Permian Basin currently producing about 113 boe/d (69% oil).