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BS - Abraxas reaping rewards of completion improvements - June

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Abraxas Petroleum is “extremely pleased” with the results of four new wells on its Raven NE pad in McKenzie County, North Dakota. Despite being choked back due to the installation of a gas pipeline, the pad has produced more than 715,000 boe (73% oil) in the first 160 days, with the wells currently producing 900 boe/d each. These child wells have produced an average of 75% of the cumulative volumes as legacy parent wells on the same pad, which......
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