Market Overview

Abraxas Provides Second Quarter 2018 Conference Call Information

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Abraxas Petroleum Corporation ("Abraxas" or the "Company") (NASDAQ:AXAS)
will host its second quarter 2018 earnings conference call on Wednesday,
August 8, 2018 at 10 AM Central Time (11 AM Eastern Time). Abraxas plans
to announce second quarter 2018 operating and financial results after
the market close on Tuesday, August 7, 2018.

The conference call can be accessed by dialing 844.347.1028 and entering
conference code 3089129. A live webcast of the conference call can be
accessed under the "Investor Relations" portion of the Company's website
at www.abraxaspetroleum.com.
If you are unable to participate in the live conference call, a replay
will be available through September 5, 2018 and can be accessed by
dialing 855.859.2056 and entering conference code 3089129.

Abraxas Petroleum Corporation is a San Antonio based crude oil and
natural gas exploration and production company with operations across
the Rocky Mountain, Permian Basin and South Texas regions of the United
States.

Safe Harbor for forward-looking statements: Statements in this release
looking forward in time involve known and unknown risks and
uncertainties, which may cause Abraxas' actual results in future periods
to be materially different from any future performance suggested in this
release. Such factors may include, but may not be necessarily limited
to, changes in the prices received by Abraxas for crude oil and natural
gas. In addition, Abraxas' future crude oil and natural gas production
is highly dependent upon Abraxas' level of success in acquiring or
finding additional reserves. Further, Abraxas operates in an industry
sector where the value of securities is highly volatile and may be
influenced by economic and other factors beyond Abraxas' control. In the
context of forward-looking information provided for in this release,
reference is made to the discussion of risk factors detailed in Abraxas'
filings with the Securities and Exchange Commission during the past 12
months.

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