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Abraxas updates South Texas operational activities


Published Jun 18, 2009
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Abraxas announces 145% increase to daily production-Spotlight

Abraxas Petroleum Corporation provides an operational update on South Texas operations.

In South Texas, the Nordheim #2H, a horizontal Edwards well which came on-line in January 2009 at 6 MMcfpd naturally from the first section of the lateral before being choked back to 3 MMcfpd was recently stimulated with a six stage frac and returned to production. The well is capable of producing at rates in excess of 10 MMcfpd but is currently being restricted to a rate of 4.6 MMcfpd due to low gas prices. Abraxas Petroleum owns a 75% working interest in this well.

“The results from the fracture stimulation on the Nordheim well certainly exceeded our expectations and should have a significant impact on our production volumes going forward. We have identified three additional locations on our existing leasehold adjacent to the Nordheim well,” 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 principally in Texas, the Mid-Continent and the Rocky Mountains. Abraxas Petroleum Corporation also owns a 47% interest in an upstream master limited partnership, Abraxas Energy Partners, L.P., which entitles Abraxas Petroleum Corporation to receive its proportionate share of cash distributions made by the Partnership.

Tags: Abraxas Petroleum Corporation




   

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