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A&D - Abraxas in talks with potential buyer Whiting Petroleum - October 2019

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Whiting Petroleum is in discussions to acquire San Antonio-based Abraxas Petroleum, according to a Reuters report citing unnamed sources. A deal would increase Whiting’s production from the Williston Basin with the addition of Abraxas’ Q2 net output of 9,572 boe/d across 3,500 net acres in McKenzie County, North Dakota. Whiting already holds the basin’s third-largest position with 474,000 net acres and is the third-largest producer with Q2 net production of 113,000 boe/d (65% oil).......
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