SAN ANTONIO--(BUSINESS WIRE)--
Abraxas Petroleum Corporation AXAS is pleased to announce the
execution of a definitive agreement to sell the company's Eagle Ford
interests at WyCross in McMullen County, Texas for $73 million.
WyCross Sale
Abraxas recently executed a definitive agreement to sell the company's
Eagle Ford interests at WyCross in McMullen County, Texas to an
undisclosed buyer for $73 million. The sale is subject to customary
closing conditions and purchase price adjustments and reflects an
effective date of December 1, 2013. The assets to be sold consist of
approximately 1,200 net acres, 3.7 million barrels of proved reserves (1)
(2.8 million barrels of oil, 3.0 billion cubic feet of gas and 0.5
See full press release
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