Finance & Investing | General News | Capital Markets | Corporate Strategy
Abraxas Begins Another Strategic Alternative Review
Email
Print 
Bookmark
Abraxas Petroleum Corp.'s Board of Directors has determined to renew the strategic alternatives review announced last October and led by Petrie Partners, LLC.
Abraxas CEO Bob Watson said: "Petrie has been a great partner for Abraxas in the past. Now that we have successfully amended our agreements with Angelo Gordon and our banks, we look forward to working with Petrie to examine ways to optimize value. Our strong, concentrated asset bases in the Delaware and Williston Basins, as well as our excellent hedge book, position Abraxas for success on a standalone basis and also make us an attractive transaction partner."
Petrie's Jon Hughes and Richard Moss will lead the engagement.
Related Categories :
Corporate Strategy
More Corporate Strategy News
-
Silverbow Resources Board Adopts 'Poison Pill' Strategy
-
Chesapeake Engages Evercore to Market Eagle Ford Portfolio
-
Large E&P Selling Eagle Ford Assets; 600k Net Acres -
-
Chevron Realigns Leadership Structure; Makes Appointments
-
Energy Firms Exit Russian Projects En Masse, Citing Ukraine Invasion (Updated 3/4/22)
Permian News >>>
-
Why $90 Oil Isn’t Bringing Back the Rigs -
-
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year -
-
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
-
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
-
Apa Corp : Doing More With Less
Permian - Delaware Basin News >>>
-
Permian Resources to Grow Production 6% in 2026
-
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
-
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
-
This Operator Will Chop it's 2026 Rig Count From 34 to 24 -
-
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It -
