Abraxas Petroleum Provides Operational Update
Abraxas Petroleum (NASDAQ: AXAS) has provided an operational update today on its Eagle Ford, Williston Basin, and Permian Basin plays. In the Eagle Ford, the company’s forty acre pilot wells, the Camaro B 3H and Camaro B4H, averaged 739 boepd and 808 boepd respectively in their first 30 days of production. In the Williston Basin, the company’s four Lillibridge H wells each produced between 922 boepd and 1,291 boepd. In the Permian Basin, Abraxas’s Spires Ranch well has been cased and is scheduled to be fracture stimulated this month.
Memory Chip Explosion
A chemical plant explosion last week has halted a significant portion of global memory chip production. The full extent of damages has not yet been realized, but memory prices have spiked 15 percent since the incident, causing a ripple effect across the tech industry. To find out out to protect your investments, and even profit off this emergency, click here.