Jan 19 (Reuters) - Abraxas Petroleum Corp -
* Abraxas announces acceleration of 2017 planned activity; updates capex and production guidance
* Says board of directors recently approved an increase in Abraxas’ 2017 capital budget from $60 million to $110 million
* Forecasts increase in activity will lead to average production of 8,200 boepd at midpoint of updated 2017 guidance
* Expects to fund this increase in its capital budget through cash on hand, availability under its credit facility
* Sees 2017 exit rate of approximately 9,500 Boepd
* Forecasts average production of 8,200 boepd at midpoint of updated 2017 guidance with a 2017 exit rate of about 9,500 boepd Source text for Eikon: Further company coverage:
