Abraxas plans to redeploy Texas assets$73M sale agreed for WyCross Eagle Ford interests; proceeds earmarked for Bakken and other Eagle Ford lease blocks Steve Sutherlin For Petroleum News Bakken
Abraxas Petroleum Corp. said it has executed a definitive agreement to sell its Eagle Ford interests at WyCross in McMullen County, Texas, for $73 million. The buyer is undisclosed.
Abraxas said it plans to use the proceeds to immediately pay down the company’s bank line — ultimately to be redeploye....
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Eagle Ford restructuring
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