Comments“After many unforeseen delays, many of which were beyond our control, the drilling rig is in North Dakota and will be turning to the right very soon. With respect to our recently drilled wells in some of our other plays, we are quite pleased with the early production rates. The Hedgehog well is probably one of the best in the Crossbow area, and the Cobra well is quite impressive, and its production rates can challenge any other well in the vicinity. We look forward to getting all of the Pekisko wells on-line and stimulated so we can establish and announce stabilized rates. With these new wells now or soon to be on-line, our 2011 exit rate production guidance will be exceeded – just a little late,” commented Bob Watson, Abraxas’ President and CEO.
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