Abraxas Petroleum provided an operational update and included results from a four-well pad that targeted the Bakken and Three Forks.

Bob Watson, CEO of Abraxas, commented, "Abraxas continues to execute operationally with excellent well results in our core operated Bakken and Eagle Ford assets."

The following four wells were completed in the Lillibridge East unit in McKenzie County, ND, and produced at the following rates over an initial 30-day period:

• Lillibridge 1H produced 1,027 b/d of oil and 1.5 mmcfd from the Middle Bakken
• Lillibridge 2H produced 766 b/d of oil and 1.2 mmcfd from the Three Forks
• Lillibridge 3H produced 1,031 b/d of oil and 1.6 mmcfd from the Middle Bakken
• Lillibridge 4H produced 697 b/d of oil and 1.3 mmcfd from the Three Forks

Abraxas has hit total depth of 20,800 ft on the Lillibridge 8H and 7H and set casing. The wells are located on the company's Lillibridge West pad. The 6H is being completed and the company will start drilling the 5H soon thereafter. Abraxas has a 34% interest in both Lillibridge units.

Read the full press release at abraxaspetroleum.com