Abraxas Petroleum sees borrowing base cut
Texas-based Abraxas Petroleum has seen its borrowing base cut to $130 million, with a further reduction to $120 million due in October. The company is selling some small assets and monetising its hedges.
Texas-based Abraxas Petroleum has seen its borrowing base cut to $130 million, with a further reduction to $120 million due in October. The company is selling some small assets and monetising its hedges.