Abraxas closes public offering

Abraxas Petroleum Corp.

Abraxas Petroleum Corp. (NASDAQ:AXAS) has closed its public offering of 11,500,000 shares of common stock, including 1,500,000 shares sold pursuant to the exercise by the underwriters of their full option to purchase additional shares at a price of $5.00 per share, less applicable underwriting discounts.

Stephens Inc., Canaccord Genuity Inc., and Robert W. Baird & Co. Inc. acted as joint book-runners in the offering.

Abraxas Petroleum is a San Antonio, Texas-based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Permian Basin, and Gulf Coast regions of the US, and in the province of Alberta, Canada.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...