Abraxas Petroleum Corp Sample Contracts

Abraxas Petroleum Corp – ABRAXAS PETROLEUM CORPORATION NEWS RELEASE Abraxas Announces First Quarter 2019 Financial and Operating Results (May 7th, 2019)

SAN ANTONIO (May 6, 2019) – Abraxas Petroleum Corporation (NASDAQ:AXAS) today reported financial and operating results for the three months ended March 31, 2019.

Abraxas Petroleum Corp – ABRAXAS PETROLEUM CORPORATION. RESTRICTED STOCK AWARD AGREEMENT PERFORMANCE SHARES (April 5th, 2019)

This Restricted Stock Award Agreement (the “Agreement”), made as of the 1st day of April, 2019 (the “Grant Date”) by and between Abraxas Petroleum Corporation, a Nevada corporation (the “Company”), and _______ (the “Participant”), evidences the grant by the Company of an Award of Restricted Stock (the “Award”) to the Participant on such date and the Participant’s acceptance of the Award in accordance with the provisions of the Abraxas Petroleum Corporation 2005 Employee Long-Term Equity Incentive Plan, as amended or restated from time to time (the “Plan”). The Company and the Participant hereby agree as follows:

Abraxas Petroleum Corp – NEWS RELEASE (April 4th, 2019)

SAN ANTONIO (April 4, 2019) – Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ: AXAS) today announced that the borrowing base on the Company’s $300 million senior secured credit facility has been increased from $200 million to $217.5 million in connection with the Company’s recent borrowing base redetermination. All other terms and conditions remain the same.

Abraxas Petroleum Corp – ABRAXAS PETROLEUM CORPORATION NEWS RELEASE Abraxas Announces 2018 Financial and Operating Results (March 14th, 2019)

SAN ANTONIO (March 13, 2019) – Abraxas Petroleum Corporation (NASDAQ:AXAS) today reported financial and operating results for the three and twelve months ended December 31, 2018.

Abraxas Petroleum Corp – NEWS RELEASE (January 28th, 2019)

This revised budget will entail the drilling and completion of 6 gross (4.3 net) wells and the completion of 4 gross (1.0) net wells in the Bakken, and the drilling and completion of 5 gross (4.75 net) wells and the completion of 2 gross (1.9 net) wells in the Delaware Basin of West Texas. The budget includes $10 million for additional leasing and infrastructure in the Delaware.

Abraxas Petroleum Corp – AMENDED AND RESTATED BYLAWS OF ABRAXAS PETROLEUM CORPORATION, a Nevada Corporation December 12, 2018 (December 18th, 2018)
Abraxas Petroleum Corp – EMPLOYMENT AGREEMENT (December 18th, 2018)

This Employment Agreement (“Agreement”), executed as of _________, ______ (“Effective Date”), is between Abraxas Petroleum Corporation, a Nevada corporation (“Abraxas” or the “Company”), and _______________ (“Employee”).

Abraxas Petroleum Corp – NEWS RELEASE Abraxas Announces Third Quarter 2018 Financial and Operating Results (November 8th, 2018)

SAN ANTONIO (November 7, 2018) – Abraxas Petroleum Corporation (NASDAQ:AXAS) today reported financial and operating results for the three and nine months ended September 30, 2018.

Abraxas Petroleum Corp – ABRAXAS PETROLEUM CORPORATION NEWS RELEASE (September 21st, 2018)

SAN ANTONIO, Texas, Sept. 20, 2018 – Abraxas Petroleum Corp. ("Abraxas") (NASDAQ: AXAS) today has announced a change in leadership roles.  William H. Wallace, has resigned as VP of Operations to pursue other career opportunities. The Board of Directors of Abraxas has appointed Mr. Kenneth W. Johnson, currently Abraxas’ Regional Operations Manager, as the new VP of Operations.

Abraxas Petroleum Corp – NEWS RELEASE (August 8th, 2018)

SAN ANTONIO (August 7, 2018) – Abraxas Petroleum Corporation (NASDAQ:AXAS) today reported financial and operating results for the three and six months ended June 30, 2018.

Abraxas Petroleum Corp – Corporate Profile NASDAQ: AXAS Headquarters.......................... San Antonio EV/BOE(1,3)…..………………………. $8.00 Shares outstanding(1)……......... 165.9 mm Proved Reserves(4)……………….. 65.4 mmboe Market cap(1) …………………….... $411.4 mm NBV Non-Oil & Gas Assets(5)… $20.8 mm Net debt(2)……………………………. $102.1 mm Production(6).……………………….. 10,485 boepd 2018E CAPEX……………………….. $140 mm PV-10(7)…………………………………. $427.4 (1) Shares outstanding as of March 31, 2018. Market cap using share price as of June 6, 2018. (2) Total net debt including RBL facility and building mortgage less estimated cash as of March 31, 2018 (June 7th, 2018)
Abraxas Petroleum Corp – NEWS RELEASE (May 9th, 2018)

SAN ANTONIO (May 8, 2018) – Abraxas Petroleum Corporation (NASDAQ:AXAS) today reported financial and operating results for the three months ended March 31, 2018.

Abraxas Petroleum Corp – Corporate Profile NASDAQ: AXAS Headquarters.......................... San Antonio EV/BOE(1,3)…..………………………. $8.97 Shares outstanding(1)……......... 165.9 mm Proved Reserves(4)……………….. 65.4 mmboe Market cap(1) …………………….... $474.4 mm NBV Non‐Oil & Gas Assets(5)… $20.8 mm Net debt(2)……………………………. $102.1 mm Production(6).……………………….. 10,485 boepd 2018E CAPEX……………………….. $140 mm PV‐10(7)…………………………………. $427.4 (1) Shares outstanding as of March 31, 2018. Market cap using share price as of April 30, 2018. (2) Total net debt including RBL facility and building mortgage less estimated cash as of March 31, 20 (May 8th, 2018)
Abraxas Petroleum Corp – RESTRICTED STOCK AWARD AGREEMENT (April 6th, 2018)

This Restricted Stock Award Agreement (the “Agreement”), made as of the 1st day of April, 2018 (the “Grant Date”) by and between Abraxas Petroleum Corporation, a Nevada corporation (the “Company”), and ___________ (the “Participant”), evidences the grant by the Company of an Award of Restricted Stock (the “Award”) to the Participant on such date and the Participant’s acceptance of the Award in accordance with the provisions of the Abraxas Petroleum Corporation 2005 Employee Long-Term Equity Incentive Plan, as amended or restated from time to time (the “Plan”). The Company and the Participant hereby agree as follows:

Abraxas Petroleum Corp – ABRAXAS PETROLEUM CORPORATION 18803 MEISNER DR. SAN ANTONIO, TEXAS 78258 (March 16th, 2018)

The Board of Directors (the "Board") of Abraxas Petroleum Corporation (the "Company") has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members of the Company's management, including yourself, to their assigned duties. In order to induce you to remain in the employ of the Company, in consideration of your agreement to continue employment with the Company, and in consideration of your agreement to the termination of any existing employment or severance agreement you may have with the Company, the Company agrees that you shall receive, upon the terms and conditions set forth herein, the benefits set forth in this letter agreement ("Agreement") during the term hereof.

Abraxas Petroleum Corp – ABRAXAS PETROLEUM CORPORATION 500 N. Loop 1604 E. Suite 100 San Antonio, TX 78232 (March 16th, 2018)
Abraxas Petroleum Corp – ABRAXAS PETROLEUM CORPORATION 500 N. Loop 1604 E. Suite 100 San Antonio, TX 78232 (March 16th, 2018)

The Board of Directors (the "Board") of Abraxas Petroleum Corporation (the "Company") has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members of the Company's management, including you, to their assigned duties. In order to induce you to remain in the employ of the Company, in consideration of your agreement to continue employment with the Company, and in consideration of your agreement to the termination of any existing employment or severance agreement you may have with the Company, the Company agrees that you shall receive, upon the terms and conditions set forth herein, the benefits set forth in this letter agreement ("Agreement") during the term hereof.

Abraxas Petroleum Corp – ABRAXAS PETROLEUM CORPORATION 18803 Meisner Dr. San Antonio, Texas 78258 (March 16th, 2018)

The Board of Directors (the "Board") of Abraxas Petroleum Corporation (the "Company") has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members of the Company's management, including yourself, to their assigned duties. In order to induce you to remain in the employ of the Company, in consideration of your agreement to continue employment with the Company, and in consideration of your agreement to the termination of any existing employment or severance agreement you may have with the Company, the Company agrees that you shall receive, upon the terms and conditions set forth herein, the benefits set forth in this letter agreement ("Agreement") during the term hereof.

Abraxas Petroleum Corp – NEWS RELEASE (March 14th, 2018)

SAN ANTONIO (March 13, 2018) – Abraxas Petroleum Corporation (NASDAQ:AXAS) today reported financial and operating results for the three and twelve months ended December 31, 2017.

Abraxas Petroleum Corp – NEWS RELEASE (November 7th, 2017)

SAN ANTONIO (November 7, 2017) – Abraxas Petroleum Corporation (NASDAQ:AXAS) today reported financial and operating results for the three months ended September 30, 2017.

Abraxas Petroleum Corp – NEWS RELEASE (August 9th, 2017)

SAN ANTONIO (August 9, 2017) – Abraxas Petroleum Corporation (NASDAQ:AXAS) today reported financial and operating results for the three months ended June 30, 2017.

Abraxas Petroleum Corp – REGISTRATION RIGHTS AGREEMENT (August 9th, 2017)

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of August 9, 2017 by and between Abraxas Petroleum Corporation, a Nevada corporation (the “Company”), and Blackbeard Resources, LLC, a Delaware limited liability company (“Blackbeard”), a holder of outstanding common shares of Common Stock of the Company.

Abraxas Petroleum Corp – ABRAXAS PETROLEUM CORPORATION (July 14th, 2017)

San Antonio (July 14, 2017) — Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced the signing of an agreement to acquire 853 net Delaware Basin Bone Spring/Wolfcamp acres and provided a divestiture update. Highlights include:

Abraxas Petroleum Corp – Headquarters.......................... San Antonio Employees(1)............................ 84 Shares outstanding(2)……......... 163.9 mm Market cap(2) …………………….... $265.4 mm Net debt(2)……………………………. $20.7 mm 2017E CAPEX……………………….. $110 mm (1) (2) (3) (4) (5) (6) (7) Abraxas full time employees as of March 31, 2017. Does not include 25 employees associated with the Company’s wholly owned subsidiary, Raven Drilling. Shares outstanding as of May 5, 2017. Market cap using share price as of June 30, 2017. Total debt including RBL facility and building mortgage less cash as of March 31, 2017 Enterpri (July 11th, 2017)
Abraxas Petroleum Corp – PURCHASE AND SALE AGREEMENT by and between DEVON ENERGY PRODUCTION COMPANY, L.P. (Seller) and ABRAXAS PETROLEUM CORPORATION (Buyer) Dated as of May 22, 2017 (May 24th, 2017)

This Purchase and Sale Agreement (“Agreement”) is entered into this 22nd day of May, 2017 (the “Execution Date”) between Abraxas Petroleum Corporation, a Nevada corporation (“Buyer”), having an address of 18803 Meisner Drive, San Antonio, Texas 78258, and Devon Energy Production Company, L.P., an Oklahoma limited partnership (“Seller”), having an address of 333 West Sheridan Avenue, Oklahoma City, Oklahoma 73102. Buyer and Seller are collectively referred to herein as the “Parties” and each individually referred to herein as a “Party.”

Abraxas Petroleum Corp – AMENDMENT NO. 3 TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (May 17th, 2017)

This Amendment No. 3 to Third Amended and Restated Credit Agreement dated as of May 16, 2017 (this “Agreement”) is among Abraxas Petroleum Corporation, a Nevada corporation (the “Borrower”), the undersigned Guarantors (the “Guarantors”), the financial institutions party to the Credit Agreement described below as Lenders (the “Lenders”), and Société Générale, as Administrative Agent for the Lenders (the “Administrative Agent”) and Issuing Lender.

Abraxas Petroleum Corp – NEWS RELEASE (May 10th, 2017)

SAN ANTONIO (May 9, 2017) – Abraxas Petroleum Corporation (NASDAQ:AXAS) today reported financial and operating results for the three months ended March 31, 2017.

Abraxas Petroleum Corp – Abraxas Petroleum Corporate Update April 2017 Raven Rig #1; McKenzie County, ND (March 31st, 2017)
Abraxas Petroleum Corp – NEWS RELEASE (March 15th, 2017)

SAN ANTONIO (March 14, 2017) – Abraxas Petroleum Corporation (NASDAQ:AXAS) today reported financial and operating results for the three and twelve months ended December 31, 2016.

Abraxas Petroleum Corp – NEWS RELEASE (January 31st, 2017)

SAN ANTONIO (January 31, 2017) – Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced the full exercise and closing of the underwriters’ option to purchase an additional 3,750,000 shares of common stock at a purchase price of $2.40 per share, less applicable underwriting discounts and commissions. Abraxas has now received aggregate net proceeds from the offering of approximately $65.4 million, after deducting underwriting discounts and commissions and estimated offering expenses.

Abraxas Petroleum Corp – NEWS RELEASE (January 26th, 2017)

SAN ANTONIO (January 25, 2017) – Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced the closing of its public offering of 25,000,000 shares of common stock at a price of $2.40 per share, less applicable underwriting discounts.

Abraxas Petroleum Corp – NEWS RELEASE (January 20th, 2017)

SAN ANTONIO (January 20, 2017) – Abraxas Petroleum Corporation (NASDAQ:AXAS) (“Abraxas Petroleum” or the “Company”) today announced that it has priced an upsized underwritten public offering of 25,000,000 shares of its common stock at a public offering price of $2.40 per share. Abraxas Petroleum has granted the underwriters a 30-day option to purchase up to 3,750,000 additional shares of common stock.

Abraxas Petroleum Corp – Abraxas Petroleum Corporation 25,000,000 Shares of Common Stock UNDERWRITING AGREEMENT (January 20th, 2017)
Abraxas Petroleum Corp – NEWS RELEASE (January 19th, 2017)

San Antonio (January 19, 2017) — Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced the acceleration of the Company’s 2017 planned activity and updated the Company’s 2017 CAPEX and production guidance.

Abraxas Petroleum Corp – NEWS RELEASE (January 19th, 2017)

SAN ANTONIO (January 19, 2017) - Abraxas Petroleum Corporation (NASDAQ:AXAS) today announced the commencement of an underwritten public offering of 20,000,000 shares of its common stock, subject to market and other conditions. The underwriters will have an option to purchase up to an additional 3,000,000 shares (15% of the number of shares offered) from Abraxas. We plan to use the net proceeds from this offering (including any proceeds from the exercise of the underwriters’ option to purchase additional shares) to accelerate our drilling program with an expanded 2017 capital expenditure budget of approximately $110 million. We may also use such proceeds for general corporate purposes including acquisitions. We have historically drawn on our bank credit facility to fund our capital expenditures and intend to initially use most of the net proceeds from this offering to repay the amounts outstanding under this facility.