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Abraxas Petroleum Corp  (AXAS)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $0.0347 $-0.07 -65.980%
Day's High: $0.0347 Week Perf: 1.46 %
Day's Low: $ 0.03 30 Day Perf: -93.33 %
Volume (M): 1 52 Wk High: $ 0.83
Volume (M$): $ 0 52 Wk Avg: $0.49
Open: $0.03 52 Wk Low: $0.02



 Market Capitalization (Millions $) 1
 Shares Outstanding (Millions) 26
 Employees 109
 Revenues (TTM) (Millions $) 50
 Net Income (TTM) (Millions $) 37
 Cash Flow (TTM) (Millions $) -7
 Capital Exp. (TTM) (Millions $) 2

Abraxas Petroleum Corp

We are an independent energy company primarily engaged in the acquisition, exploration, development and production of oil and gas. Abraxas Petroleum Corporation was incorporated in Nevada in 1990. Our address is 18803 Meisner Drive, San Antonio, Texas 78258 and our phone number is (210) 490-4788.

Our properties in the Permian/Delaware Basin region are primarily located in two sub-basins, the Delaware Basin and the Eastern Shelf. In the Delaware Basin, our wells are located in Pecos, Reeves, and Ward Counties, Texas and produce oil and gas from multiple stacked formations from the Bell Canyon at 5,000 feet down to the Ellenburger at 16,000 feet. In the Eastern Shelf, our wells are principally located in Coke, Scurry, Mitchell and Nolan Counties, Texas and produce oil and gas from the Strawn Reef formation at 5,000 to 7,500 feet and oil from the shallower Clearfork formation at depths ranging from 2,300 to 3,300 feet.

Our properties in the Rocky Mountain region are located in the Williston Basin of North Dakota and Montana and in Powder River, Green River and Uinta Basins of Wyoming and Utah. In this region, our wells produce oil and gas from various reservoirs, primarily the Turner, Bakken, Three Forks and Red River formations. Well depths range from 7,000 feet down to 14,000 feet.

Our properties in the South Texas region are located along the Edwards trend in DeWitt and Lavaca Counties, Texas and the Eagle Ford shale and the Austin Chalk in Atascosa and McMullen Counties, Texas. In the Edwards trend, our wells produce gas from the Edwards formation at a depth of 14,000 feet. In the Eagle Ford, our wells produce from the Eagle Ford shale from 8,000 to 11,000 feet and from the Austin Chalk from 7,500 to 8,000 feet.

Focus our capital and resources on our core operated basins. Our core basins consist of the Permian/Delaware Basin (Bone Spring and Wolfcamp), Williston Basin (Bakken and Three Forks) and South Texas (Eagle Ford shale and Austin Chalk). Given the disparity which has existed during the past several years and which continues currently between oil and gas prices, the economics of drilling oil wells is far superior to drilling gas wells. Thus, substantially all of our 2017 capital expenditures (approximately $110.0 million) will be used for drilling and completing seven gross (six net) horizontal wells targeting the Bone Spring and Wolfcamp formations in the Delaware Basin, drilling and completing seven gross (five net) wells in the Bakken/Three Forks, drilling an additional four gross (two net) wells in the Bakken/Three Forks that will be completed in 2018, participating in the drilling and completing of five gross (one net) non-operated wells in the Bakken/Three Forks and drilling and completing two gross/net horizontal wells in the Austin Chalk/Eagle Ford in South Texas. As part of our efforts to focus our property portfolio, we are continually marketing assets we have deemed non-core. These include assets with a low working interest that are non-operated and/or that fall outside of our three core basins. Any proceeds from these asset sales have been and will continue to be used to reduce our indebtedness and/or be redeployed into our core operating basins. Since January 1, 2016, we have received approximately $28.6 million from the sale of non-core properties.



   Company Address: 19100 Ridgewood Parkway, Suite 1200 San Antonio 78259 TX
   Company Phone Number: 490-4788   Stock Exchange / Ticker: AXAS
   AXAS is expected to report next financial results on April 16, 2024.


Customers Net Income fell by AXAS's Customers Net Profit Margin fell to

-73.76 %

1.7 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
APA        2.86% 
DVN        1.91% 
EOG        2.26% 
EQT   -3.24%    
OXY        3.37% 
PXD        3.52% 
• View Complete Report
   



Denbury Inc

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Introduction
The stock market is often marked by fluctuating trends and can present both profitable and challenging times for investors. Denbury Inc, an energy company operating in the United States, has recently reported a decline in its net profit, income, and revenue for the April to June 30, 2023 period. This article aims to analyze the significant factors contributing to this decline and provide insights into Denbury Inc's profitability trends.
Profitability Declines
During the April-June 2023 period, Denbury Inc's net profit per share witnessed a significant plummet of -55.83%, dropping to $1.25 per share from $2.83 per share compared to the previous year. This downward trend reflects the challenges faced by the company that have impacted its financial performance. Additionally, income faded by -24.7%, declining from $1.66 per share in the previous reporting season to $1.25 per share.
Revenue Downturn
Denbury Inc's revenue also experienced a substantial decline of -31.768%, dropping to $328.98 million from $482.16 million during the same reporting season in the previous year. Moreover, the sequential revenue decline stood at -3.529%, from $341.02 million. This decline in revenue suggests a less favorable market environment for the company and may reflect moderating demand in the industry segment.

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Altex Industries Inc, a company operating in the [insert industry], recently announced its financial results for the third quarter of 2023. The company reached break-even at $0.00 per share, which is the same as last year and the preceding financial reporting period. This is an encouraging sign for the company as it indicates that it has managed to stabilize its financial position.
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As a stock market journalist, it is my duty to provide an objective and thorough analysis of the financial results of Comstock Resources Inc. Based on the given information, it is evident that the company's performance has taken a significant hit in the fiscal period closing June 30, 2023.
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Factors Affecting Financial Performance:
1. Declining Revenue and Earnings:
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