Abraxas gets $11.2M from sale of noncore properties

03/15/2010 | Reuters

Abraxas Petroleum said it auctioned nonoperated, noncore assets for about $11.2 million as part of a plan to repay debt and increase capital spending. The sold properties generated about 142 barrels of oil equivalent per day, which makes up 3% of the company's daily net output.

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