By San Antonio Business Journal

Abraxas Petroleum Corp. has priced its public offering of stock at $4.40 per share, which is expected to generate $49.3 million in net proceeds for the company after deducting underwriting discounts, commissions, fees and expenses.

Johnson Rice & Company LLC, Canaccord Genuity and Stifel Nicolaus Weisel are acting as joint book-running managers of the offering and Ladenburg Thalmann & Co. Inc. and Wunderlich Securities are acting as co-managers of the offering. Abraxas (NASDAQ: AXAS) is a San Antonio-based oil and gas exploration and production company.

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