Abraxas to focus on Bakken in downturnBakken spending remains intact as total capex falls to $54M from $200M; rig release in Eagle Ford; 2015 Permian program canceled Steve Sutherlin For Petroleum News Bakken
Abraxas Petroleum Corp. has cut its 2015 capital budget from $200 million to $54 million, but Bakken spending will remain intact, Robert Watson, Abraxas president and CEO, said in a Dec. 16 conference call. The company will spend $41.9 million in the Bakken.
“In the Bakken all of our acreage is held....
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Winter bites
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