Canada – PekiskoIn Alberta, Canada, Canadian Abraxas has six horizontal Pekisko wells on production, although two of which have yet to be fracture stimulated. Due to the recent steep decline on oil prices, the decision was made to postpone significant additional capital expenditures until oil prices improve in the field.
Abraxas Announces $11 Million Second Quarter Profit On Sequential Twelve Percent Increase In Production Despite Lower Oil Prices
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