Scandoil.com

Abraxas declares 2010 capital expenditure budget


Published Nov 23, 2009
[an error occurred while processing this directive]

Edit page New page Hide edit links

Abraxas announces 145% increase to daily production-Spotlight

Abraxas Petroleum Corporation declares its 2010 capital expenditure budget of $30 million and has issued guidance for 2010.

The capital program for 2010 will be selected from the Company’s inventory of projects and will include new drills and re-completions / workovers in the Company’s primary producing regions of the Rocky Mountain, Mid-Continent, Permian Basin and onshore Gulf Coast. The ultimate mix of projects will be based on commodity prices, service costs and drilling results but will predominately target oil projects, including the Company’s first operated Bakken horizontal well in North Dakota.

The Company anticipates funding the 2010 capital program out of cash flow from operations and further provided the following operational and financial guidance for 2010, which excludes non-cash and extraordinary items:

Tags: Abraxas Petroleum Corporation




   

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us

 

sitemap xml


 

Home