$AXAS has been continuing to incrementally add to its Delaware Basin position and now has around 8,497 net acres for the Bone Spring/Wolfcamp. The most recent acquisition could potentially result in Abraxas increasing its production guidance, as second half production may increase by 250 to 300 BOEPD through the resulting increase in working interest for its Caprito wells.?
Purely My Own Opinion. Do Your Own Due Diligence.
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