January 3, 2017 / 9:38 PM / a year ago

BRIEF-Abraxas provides operational and divestiture update

Jan 3 (Reuters) - Abraxas Petroleum Corp

* Abraxas provides operational and divestiture update

* Abraxas Petroleum Corp - continues to market company’s remaining assets in Powder river basin

* Abraxas Petroleum Corp says Abraxas permitted and plans to spud a two well pad in Caprito 98-201H and Caprito 98-301H in February, 2017

* Abraxas Petroleum Corp says recently received a termination notice from potential buyer of company’s hudgins ranch property in Pecos County, Texas

* Abraxas Petroleum Corp says did retain 50 pct of survey fees associated with terminated sale

* Abraxas Petroleum Corp says is currently remarketing property and is in discussions with several potential buyers

* Abraxas Petroleum Corp - continues to explore opportunities to expand existing position in Caprito Source text for Eikon: Further company coverage:

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