By: Benzinga
December 19, 2012 at 16:45 PM EST
Abraxas Petroleum Closes Divestiture of Nordheim Eagleford Assets, Received $18.8M in Net Proceeds
Abraxas Petroleum Corporation (NASDAQ: AXAS ) is pleased to provide the following divestiture update. Nordheim Closing Abraxas recently closed the previously announced divestiture of the Company's Nordheim Eagleford assets for net proceeds of $18.8mm after accounting for purchase price adjustments. Bob Watson, President and CEO of Abraxas, commented, “We are very enthused by our continued execution
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