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Abraxas Sees ‘Sweet Spot’ In The Eagle Ford

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By Chris Sheehan, Hart Energy
April 8, 2014

NEW YORK -- Abraxas Petroleum Corp. (NasdaqCM: AXAS) unveiled a potential “sweet spot” in the Eagle Ford that, if successful, could drive production for the company from a first-quarter level of about 4,100 barrels of oil equivalent per day (boe/d) up to as much as 8,000 to 10,000 boe/d in 2016, according to its presentation this week at the IPAA OGIS meeting.

While quick to caution that “one well does not make a play,” Abraxas showed a current projection of output growing to close to 7,000 boe/d in 2016, but ...

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